Industry News
Clean Diesel Emerging Technology Grant Funding Now Available
The U.S. Environmental Protection Agency (EPA) plans to award approximately $3.4 million in grants to establish projects using emerging technologies to reduce emissions from the nation's existing fleet of diesel engines. Addressing the existing fleet is important because it pre-dates EPA's stringent new particulate and nitrogen oxide standards and diesels remain in use for decades. This sum was authorized by the Energy Policy Act of 2005 and funded for the first time this fiscal year. State, local, regional and tribal governments may apply for the grants, as well as non-profits and institutions with transportation, educational service, and air quality responsibilities. read more
JLG Industries Builds 1000th Millennia Military Vehicle
JLG Industries, Inc., an Oshkosh Corporation company [NYSE: OSK] and a leading manufacturer of aerial work platforms and telescopic material handlers, announced today that it has produced and shipped the 1000th Millennia Military Vehicle (MMV) telescopic material handler. The 1000th MMV telehandler was built for the U.S. Navy as part of JLG’s contract to provide 197 MMVs to the Naval Construction Battalion. “The JLG team is extremely proud to have delivered 1000 MMVs to the U.S. military for a wide range of logistics applications. JLG team members are committed to delivering the highest quality, highest performance equipment to the men read more
Caterpillar to Sponsor Jeff Burton and RCR’s No. 31 Team in 2009
Caterpillar Inc. (NYSE:CAT) and Richard Childress Racing (RCR) have agreed to a multi-year partnership for the No. 31 Chevrolet driven by Jeff Burton beginning with the 2009 NASCAR Sprint Cup Series season. Burton, a 20-time winner in NASCAR Sprint Cup Series competition, is currently second in the 2008 point standings with one victory, four top-five and 10 top-10 finishes in the season's first 15 races. The No. 31 team has made the "Chase for the Championship" the past two seasons, finishing seventh in 2006 and eighth last year. "To represent a well-known global brand like Caterpillar is an honor," said read more
Caterpillar And Navistar To Pursue Strategic Alliance
Cat and Navistar to focus on global truck business and cooperate on engine technologies Caterpillar Inc. (NYSE: CAT) and Navistar International Corporation (Other OTC: NAVZ) have signed a Memorandum of Understanding (MOU) to pursue global on-highway truck business opportunities and cooperate on a variety of engine platforms. The two companies intend to focus on global truck opportunities, including North American severe service construction trucks, as well as technology development for engines worldwide. “We are pleased to be matching the formidable talents and technology leadership of two industry leaders to serve an expanding base of engine, truck and equipment customers worldwide,” read more
GENIE INDUSTRIES ANNOUNCES PLANS FOR GLOBAL EXPANSION;TO ESTABLISH MANUFACTURING PLANT IN CHINA
REDMOND, WASH. As part of a plan to expand globally, Genie Industries, a leading manufacturer of aerial work platforms and part of Terex Corporation’s (NYSE:TEX), Aerial Work Platforms (AWP) segment, has selected a new manufacturing site in China. This announcement follows recent news that Terex AWP has begun manufacturing Genie branded scissor lifts in Coventry, England, along with aerial booms and telehandlers in Perugia, Italy. “In 2007, a large percentage of our sales came from outside of North America,” said Tim Ford, President, Terex AWP. “Our markets around the world are growing and we want to provide them with world read more
DEERE ANNOUNCES MAJOR INVESTMENT IN RUSSIA
MOSCOW, Russia-Deere & Company today announced plans to significantly expand its presence in Russia, one of the most important growth markets of the company in both agriculture and forestry. Deere said it has signed an agreement with the Russian government and local authorities to invest approximately $80 million in a central operations center which includes a distribution, replacement parts and training facility in the Kaluga region, 38 miles southwest of Moscow. "We believe this is one of the largest single investment projects of a non-Russian farm and forestry equipment manufacturer in Russia," said Robert W. Lane, Deere & Company chairman read more
100,000TH MACHINE PRODUCED AT LECCE
New Holland plant at Lecce (Italy) celebrated production of its 100,000th item of construction equipment. This was a 23-tonne W270B wheel loader, a series B flagship machine of the type made famous by the James Bond film “Casino Royale”. With the series B, New Holland completes its assortment of wheel loaders, and it now offers the market a range of 8 models covering the whole spread from 10 to 23 tonnes. Launched on the market last year, the W270B wheel loader is a very versatile, reliable machine, providing low fuel consumption, high productivity, exceptional stability and outstanding operator comfort. “Serving read more
SLV EARTHMOVERS SELLS $4.22 MILLION OF EQUIPMENT THROUGH IRONPLANET
Pleasanton, CA — April 1, 2008 — IronPlanet® (www.ironplanet.com), the world’s leading online auction company for used construction and agricultural equipment, successfully conducted a one-owner auction for SLV Earthmovers of Monte Vista, Colorado. The recently held auction liquidated $4.22 million of equipment, achieving 136 percent of its initial price target. The SLV Earthmovers auction drew a record number of potential bidders — nearly 15,000 — to the auction and achieved an average of 41 bids per item. “Personally, I was expecting about a $3.5 or $3.6 [million] sale, so the results we got were wonderful,” said Jim Willschau, owner of read more
VOLVO CONSTRUCTION EQUIPMENT (VOLVO CE) HAS ANNOUNCED THE SALE OF CHAMPION ROAD MACHINERY SALES, BRAMPTON, ONTARIO, TO STRONGCO LIMITED PARTNERSHIP, MISSISSAUGA, ONTARIO.
Volvo Construction Equipment (Volvo CE) has announced the sale of Champion Road Machinery Sales, Brampton, Ontario, to Strongco Limited Partnership, Mississauga, Ontario. Champion was a division of Volvo Group Canada, Inc., and a company-owned member of the Volvo CE North America dealer network. Strongco, a Volvo CE dealer, presently operates twenty (20) construction equipment sales and service branches in five (5) Canadian provinces. The acquisition was effective March 20, 2008. The acquisition gives Strongco the sales, rentals, parts and service operations of Volvo’s motor grader and compact equipment product lines in Ontario. Strongco will continue operations at the Champion sales read more
INTERNATIONAL RENTAL EXHIBITION
The first International Rental Exhibition (IRE) will be held in Amsterdam in June, 2008. The new show, organised in co-operation with the European Rental Association (ERA), will be held at the RAI exhibition centre in Amsterdam on June 3, 4 and 5, 2008. An integral part of the event will be the European Rental Association's annual conference (June 4-5). The prestigious event will be held alongside the main exhibition in a purpose-built conference hall. Many other international and domestic associations and federations are also expected to hold meetings and conferences during the event. The exhibition will be open to all read more
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