Eriez President and CEO Tim Shuttleworth announceed that the company is now the majority shareholder of FaultCurrent Ltd. Based in the United Kingdom, FaultCurrent Ltd. developed a unique passive magnetic fault current limiter called the pmFCL. Its innovative design uses permanent magnets at its core to provide a reliable, robust and energy-efficient solution for electrical power grid reinforcement. Shuttleworth said,…
Read MoreCategory: Manufacturers in Focus
Midwestern Industries Expands Screening Capabilities
Screening equipment is a major capital investment across a myriad of industrial processing applications including: limestone, aggregates, minerals, coal, slag, sand, gravel and clay, among others. To maximize sustainable processes and productivity of this equipment, manufacturers must pay particular attention to an often overlooked, ongoing issue to accomplish their screening goals: replacement screen panels. Like tooth brush heads, screen panels wear…
Read MoreCat Sales up 5% in First Quarter
Caterpillar Inc. announced total sales and revenues of $13.466 billion in the first quarter of 2019, an increase of $607 million, or 5%, compared with $12.859 billion in the first quarter of 2018. The increase was primarily due to higher sales volume driven by improved demand for both equipment and services, with the most significant increase in Resource Industries. Sales…
Read MoreGZA Receives IAAP Safety Award
GZA GeoEnvironmental Inc. (GZA), a multi-disciplinary firm providing geotechnical, environmental, ecological, water, and construction management services, received the Rock Solid Excellence in Safety Award from the Illinois Association of Aggregate Producers (IAAP) for the 13th year in a row. GZA remains the only engineering/environmental consultant to repeatedly earn that recognition from the IAAP. The IAAP Safety Committee established the award program…
Read MoreTimken Acquires Diamond Chain
The 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. For the 12 months ended March 31, 2019, Diamond Chain posted sales of over…
Read MoreReport: U.S. GDP Will Lose $290 billion Due to Tariffs
With 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. “This report shows that tariffs continue to take a toll on U.S. equipment manufacturers, who will pay significantly more to manufacture equipment…
Read MoreSandvik Mining Academy Registration Open
Registration is now open for Sandvik’s second Mining Academy Seminar. It will take place at the Seelbach Hilton, Louisville, Ky., on Oct. 29-31. After a successful launch in 2018, this event – which is styled after the established Quarry Academy program and also organized by Dyno Nobel and Sandvik Mining and Rock Technology – is an educational seminar that looks at the full…
Read MoreCaterpillar 2018 Sales and Revenue Up 20 Percent
Caterpillar 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…
Read MoreKespry Features Innovations at World of Concrete
Drone-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. Kespry displayed new capabilities to improve the efficiency of earthworks construction projects, including site-design plan integration, removal of heavy equipment from automated volumetric and progress tracking and a new tool to provide rapid…
Read MoreAEM Unveils New Logo
The Association of Equipment Manufacturers (AEM), the North American-based international trade group representing off-road equipment manufacturers and suppliers, unveiled a new brand identity to reflect how its more than 1,000 members build momentum for the industry. “The launch of our new logo embodies the spirit of AEM to move the off-road equipment industry forward,” said Dennis Slater, president of AEM.…
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