Astec Industries Grows 19 Percent in First Quarter

Astec Industries has released its first quarter 2011 report. Revenues for the first quarter of 2011 were $230.2 million compared with $193.5 million for the first quarter of 2010, a 19 percent increase. Domestic sales grew 13.9 percent compared to the first quarter of 2010 and international sales grew 29.2 percent compared to the first quarter of 2010.

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Eagle Crusher Co. Names VP of Sales And Marketing

Eagle Crusher Co. named Brad Kemerling vice president sales and marketing. CEO Susanne Cobey said, “Brad brings a highly successful 25-year sales-management background in the bulk material handling and mining industries, which will enable Eagle Crusher to expand into new products and market segments globally.”

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WorldWide Electric teams with Hyundai Heavy Industries

WorldWide Electric announced that they have reached a long-term agreement with Hyundai Heavy Industries to be the exclusive master distributor and representative for Hyundai’s low-voltage electric motor line for North America.

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Volvo Names New President

Patrick Olney, 42, was named president and CEO of Volvo Construction Equipment, effective May 1. Olney has extensive experience spanning 17 years in the construction equipment industry, with 10 of these in senior management roles within Volvo CE. During 2001 – 2004 he was the CFO of Volvo CE, and was then appointed president of Volvo Motor Graders, a position he held until becoming president of Volvo Road Machinery in 2007.

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