Caterpillar Inc. announced second-quarter 2017 sales and revenues of $11.3 billion, compared with $10.3 billion in the second quarter of 2016. Second-quarter 2017 profit per share was $1.35, compared with $0.93 per share in the second quarter of 2016. Excluding restructuring costs and a gain on the sale of an equity investment in IronPlanet, second-quarter 2017 adjusted profit per share…
Read MoreCategory: Manufacturers in Focus
Regal Debuts New Website
Regal Beloit Corp., a leading manufacturer of electric motors, electrical motion controls, power generation and power transmission components, announced it has launched a new, responsive website platform with significant upgrades, additional product features and a focus on industry solutions. The company’s approach to convert each of its brand-specific domains to the new company-wide platform will occur in phases, starting with…
Read MoreVolvo Celebrates 75,000th Articulated Hauler
More than half a century after it invented the concept, Volvo Construction Equipment recently celebrated the production of the 75,000th articulated hauler. Having produced more than half of the articulated haulers ever made, a staggering 50,000 Volvo haulers are still in regular use around the world. The 75,000th machine – one of the new generation A45G full-suspension models – rolled…
Read MoreCASE Celebrates 175th Birthday
CASE Construction Equipment celebrated the CASE brand’s 175th birthday with a rally and luncheon attended by 800+ employees in Racine, Wis., as well as local dignitaries, elected officials and a descendant of the Case family. The company was founded in 1842 in nearby Rochester, Wis., as the Racine Threshing Machine Works Co. It evolved into one of the world’s most…
Read MoreTsubaki Acquires Dia-Saw Manufacturing Ltd.
U.S. Tsubaki Power Transmission LLC announced that Tsubaki of Canada Limited, based in Mississauga, Ontario, purchased Dia-Saw Manufacturing Ltd. of Maple Ridge, British Columbia. Dia-Saw started as a manufacturer of shake and shingle mill equipment and has since evolved into a leading manufacturer of sprockets and related drive components. The addition of Dia-Saw gives all Tsubaki subsidiaries in North and…
Read MoreAtlas Copco Opens South Carolina Facility
Atlas Copco celebrated the grand opening of its new production facility in Rock Hill, S.C., with a ribbon-cutting ceremony on May 17. The company built the $25 million facility to enhance its support for the North American construction market. The 197,000-sq.-ft., LEED-certified plant serves as the production and assembly facility for Atlas Copco’s North American Construction Technique division. Generators and portable…
Read MoreAEM Elects Godbersen, Cobey, Erholtz to Board Positions
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers. AEM officers and directors work on behalf of all member companies, giving their time and talent to provide strategic direction and guidance for association action in areas including public policy, market data and exhibitions, as well as technical, safety and regulatory issues, and education/training. “Member participation…
Read MorePolydeck Opens Texas Facility
The grand opening of Polydeck’s newest remote facility, the South Texas Distribution Center (DC) in San Antonio, was held on Friday, April 7. Attendees engaged in a discussion of training opportunities that Polydeck could provide; received a preview of recent new product introductions like Kwikdeck, Metaldex and the cross member protection system; enjoyed a lunch buffet; and a drawing for…
Read MoreAEM Recognizes Manufacturers for Statistics Performance
The Association of Equipment Manufacturers (AEM) presented Statistics Outstanding Merit Awards to 36 companies for their exemplary performance in AEM data reporting programs. The awards recognize member companies for timely and accurate data submission, meeting attendance and timely response to ballots, audits and surveys during the 2016 calendar year. “These winners enhance our ability to provide meaningful equipment-specific market trend…
Read MoreKomatsu, Joy Global Complete Acquisition Deal
Komatsu America Corp. completed its acquisition of Joy Global Inc. Retaining its headquarters in Milwaukee, Joy Global Inc. will be renamed Komatsu Mining Corp. and operate as a subsidiary of Komatsu. The company will continue to promote and invest in the P&H, Joy and Montabert product brands. Komatsu remains committed to directly servicing the global mining industry and through its products, services and…
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