Industry News

All Categories

Atlas Copco appoints Nitin Lall as new GM
Atlas Copco (India) has announced the appointment of Nitin Lall as general manager of the company's newly setup construction technique customer centre in India. He will take up the post with immediate effect.
Construction Week Online – 5/14/2012

Profit doubles at Wacker Neuson
German manufacturer Wacker Neuson has reported double digit growth in the first quarter, and confirmed its forecast for 2012.
Construction Europe – 5/13/2012

Near-sourcing brings manufacturing home
For years, the Illinois company Caterpillar made its small bulldozers in Japan.
Waste Management World – 5/13/2012

FAMCO rolls out aggressive Gulf region expansion
Heavy equipment and truck sellers FAMCO (Al-Futtaim Auto and Machinery Company) has an aggressive GCC expansion plan, and is looking to gain market share in Saudi Arabia, Oman, and Qatar says managing director Paul Floyd.
ConstructionWeekOnline – 5/10/2012

Caterpillar Sells 65% Stake in Logistics Business for $750M
Caterpillar (CAT: 96.47, +0.48, +0.50%) inked a deal on Thursday to sell 65% of its wholly-owned third-party logistics business to Platinum Energy for $750 million.
Fox Business – 5/10/2012

Demag Cranes Q2 results
Results from Demag Cranes, now majority owned by Terex, showed it had continued to increase new orders and revenues in the second quarter of financial year 2011/2012, thanks in part to a productive port technology segment.
Cranes Today – 5/10/2012

Gas Prices Drop For Fifth Consecutive Week
The U.S. average retail price of regular gasoline decreased 4 cents this week to $3.79 per gallon, 18 cents per gallon lower than last year at this time. This marks the fifth straight week of decline, with the average price down 15 cents since April 2.
USAgNet – 5/10/2012

US trade deficit grows in March
Official figures from the Commerce Department show the deficit at $51.8bn (£32.0bn) in March, up from $45.4bn in February.
BBC News – 5/10/2012

Holcim's Q1 2012 report: Growing demand for construction materials
In Holcim's first-quarter 2012 earnings report, the company says that due to good economic conditions in Asia and Latin America and growing demand for construction materials in North America and Africa Middle East consolidated cement deliveries increased.
Better Roads – 5/9/2012

Allmand Announces Major Expansion of Holdrege Manufacturing Facility
Allmand Bros. Inc. has unveiled plans for a significant expansion to its manufacturing facility in Holdrege. The approximate $3,000,000.00 expansion will feature a 40,000-sq ft addition to the present building, as well as the acquisition of an additional 17 acres for parking and finished goods storage. Construction is planned to begin within the next two months and is expected to be fully operational before the end of the year.
Compact Equipment Online – 5/9/2012