After extensive testing, Caterpillar Inc. has completed the in-house validation of Rajant BreadCrumbs, LX5 CA radios, which will enable field trials with this Rajant product and Cat MineStar Command for hauling. “This validation is a key step to provide additional options for our mining customers when deploying Command for hauling in their operation,” said Sean McGinnis, vice president and general…
Read MoreDay: October 27, 2023
IROCK Crushers Adds NED to Dealer Network
IROCK Crushers continues to grow its network of equipment dealers by adding National Equipment Dealers (NED). The dealer will offer IROCK equipment including crushers, screens and conveyors, at its dealerships in North Carolina and throughout the peninsula of Florida.
Read MoreCemex U.S. Sales Up 5% in Third Quarter
Cemex reported another quarter of growth, with a 9% increase in sales and 32% increase in EBITDA in the third quarter of 2023. For the first time since the launch of Cemex’s pricing strategy in 2021, designed to regain profitability after a surge in input cost inflation, quarterly EBITDA margin exceeded its goal of recovering 2021 margins, the company stated.…
Read MoreHolcim Touts Record North American Sales for First Nine Months
Holcim reported that profitable growth continued in the third quarter 2023 despite economic headwinds. Net sales were CHF 7,340 million, up 4.3% organically compared to the prior-year period. Net sales over the first nine months of 2023 were CHF 20,407 million, or 6.2% higher organically than in the prior-year period. In the first nine months, North America delivered record net…
Read MoreEpiroc Scooptram ST14 SG an Automated, Zero-Emission Underground Loader
The Scooptram ST14 SG is the latest iteration of Epiroc’s highly successful battery-electric 14-tonne underground loader. By fusing zero-emission technology with advanced automation capabilities, Scooptram ST14 SG makes operations safer, smarter and more productive. Powered by connected, self-sustained batteries that provide unparalleled autonomy – and the flexibility of opportunity charging anywhere in the mine. “With its high-energy battery and the…
Read MoreNew Bio-Fleet Rock Drill 40 Oil is Ideal for Drilling Applications
Renewable Lubricants introduced patented Bio-Fleet Rock Drill 40, an ultimately biodegradable lubricant for the protection of rock drills, jackhammers, and other pneumatic equipment. With a higher viscosity index, it better protects hot equipment. Unlike petroleum-based products this unique ISO 40 weight formula will not pollute the air, water, soil or work environment should a spill or leak occur. It is…
Read MoreChinese Heavy Machinery: Friendly Competition or Threat to the U.S. Market?
By Samir Shah China is the world’s manufacturing giant – that’s a fact, but that hasn’t stopped its interest in America. Although Chinese construction companies first arrived in the U.S. market in the 1980s, recently, Chinese companies such as XCMG, Sany and Zoomlion have started investing heavily in the U.S. market due to its vast consumer market and robust economy. …
Read MoreThe Burgeoning Field of Private Credit
New financing instruments have been invented since the time of the Phoenicians and the Médicis. The modern corporation was developed by English and Dutch trading companies in the 1600s, and some believe the genesis goes back as far as the 1300s in France. With that modern concept of multiple owners of a single entity, it drove the early advent of…
Read MoreA Look to the Horizon
In keeping with global efforts to address the adverse impact of climate change, the Buy Clean, Carbon Neutrality, LEED v4 and Net Zero movements have evolved with dizzying speed. This is a good place to note that Rock Products’ web portal “Construction Materials Carbon Management,” has become a go-to resource for information about these fast-growing efforts. While the cement industry…
Read MoreFirst Look – November 2023
TOP NEWS Armada Materials Formed; Acquires VolunteerArmada Materials LLC has been formed to build a leading infrastructure materials and services business through strategic acquisitions. The company was founded by Rob Duke, who will serve as CEO of Armada, along with a group of investors including several industry veterans, and Kelso & Company, L.P., a middle-market buyout private equity firm founded…
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