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Timken Acquires Diamond Chain

MF040319 TimkenlogoThe Timken Co. announced the acquisition of The Diamond Chain Co. from Amsted Industries. Diamond Chain is a supplier of high-performance roller chains for industrial markets. The company serves a diverse range of sectors, including industrial distribution, material handling, food and beverage, agriculture, construction and other process industries. 

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Report: U.S. GDP Will Lose $290 billion Due to Tariffs

MIF031819 AEMWith tariffs continuing to take a toll on U.S. businesses, farmers, communities, and families across the country, a new report by IHS Markit outlines the impact of tariffs on the equipment manufacturing industry and the broader U.S. economy.

Read more: Report: U.S. GDP Will Lose $290 billion Due to Tariffs

Caterpillar 2018 Sales and Revenue Up 20 Percent

MF021119 CatlogoCaterpillar Inc. announced fourth-quarter and full-year results for 2018. Sales and revenues in the fourth quarter of 2018 were $14.3 billion, compared with $12.9 billion in the fourth quarter of 2017, an 11 percent increase. Fourth-quarter 2018 profit was $1.78 per share, compared with a loss of $2.18 per share in the fourth quarter of 2017. Adjusted profit per share in the fourth quarter of 2018 was $2.55, compared with fourth-quarter 2017 adjusted profit per share of $2.16, up 18 percent.

Read more: Caterpillar 2018 Sales and Revenue Up 20 Percent

Sandvik Mining Academy Registration Open

MF022219 SandvikRegistration is now open for Sandvik's second Mining Academy Seminar. It will take place at the Seelbach Hilton, Louisville, Ky., on Oct. 29-31. 

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Kespry Features Innovations at World of Concrete

MF DroneDrone-based aerial intelligence solution provider Kespry highlighted its new construction industry-focused innovations at the World of Concrete show in Las Vegas in collaboration with John Deere's exhibit.

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