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Equipment

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  • Equipment Lease Finance Industry Confidence Up in March

    The Equipment Leasing & Finance Foundation released the March 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) on Friday. Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $628 billion equipment finance sector.  Overall, confidence in the equipment finance market is 61.7, up from the February index of 59.6, indicating industry participants are optimistic despite concerns that external factors, including gas prices and the upcoming elections, may have on the market. When asked about the outlook for the future, MCI survey respondent Valerie Jester, president, Brandywine Capital Associates, Inc., commented, “I still remain optimistic, but it seems that increasing gas prices, looming elections,…
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  • Caterpillar Announces Excavator Capacity Expansion in China

    XUZHOU, Jiangsu Province, People’s Republic of China (March 21, 2012) –  Caterpillar Inc. (NYSE: CAT) announced a new expansion project for the company’s manufacturing facility in Xuzhou, China. Once completed in 2016, it will increase hydraulic excavator production at Caterpillar Xuzhou Limited (CXL) by an additional 80 percent. Caterpillar also announced plans today to begin production of wheeled excavators at CXL beginning in early 2014, further expanding the range of products and services Caterpillar is offering to customers in China and other growth markets. Caterpillar Chairman and CEO Doug Oberhelman announced the expansion plans in Xuzhou at an event attended by senior Caterpillar leaders and representatives from the Xuzhou government.  “As we have done around the world for more than 85 years, these investments in…
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  • STIHL Inc. Names Bjoern Fischer as Vice President of Finance

    VIRGINIA BEACH, VA. (March 19, 2012) – STIHL Inc. announced that Bjoern Fischer will assume the duties of vice president of finance on May 1, 2012. In addition to overseeing the financial operations of the company, Fischer’s role will also include oversight of the human resources and information services departments.  Fischer, who started with the company March 1, will be replacing Karl Angler who will move to STIHL headquarters in Germany as the executive board member for finance, comptrolling, information systems and services for the STIHL Group worldwide, effective May 1, 2012. “While we will miss Karl greatly as he moves to his new role with the STIHL Group worldwide, we are quite pleased to welcome Bjoern Fischer to the STIHL family,” said Fred Whyte,…
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  • New Holland Sponsors PLANET’s 2012 Student Career Days and Loader Backhoe Competition

    RACINE, Wis. (March 14, 2012) – New Holland Construction announced it is a major sponsor of the Professional Landcare Network’s (PLANET’s) 36th Annual Student Career Days. The annual conference and career fair draws more than 900 students enrolled in horticulture, landscape and lawn care programs at colleges and universities across the country. Students compete in events that are directly related to the skills necessary for a career in the green industry. This year’s event takes place March 22 – 25, 2012, at Kansas State University in Manhattan, Kan. “Our involvement in Student Career Days continues to be a great source of pride for New Holland Construction,” said Curtis Goettel, brand marketing manager at New Holland Construction. “The landscape and horticulture students participating in this event…
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  • Palfinger AG signs two joint ventures with Sany Heavy Industry

    (Feb. 28, 2012) – PALFINGER AG, headquartered in Salzburg (Austria), and Sany Heavy IndustryCo.,Ltd headquartered in Changsha (People’s Republic of China), entered into an agreement on the establishment of two joint venture companies in which both parties will each hold 50 per cent of the shares. SanyPalfinger will primarily produce and sell PALFINGER products in Changsha for the Chinese market; PalfingerSany, with its registered office in Salzburg, will distribute the mobile cranes produced by Sany in the global market outside China. The establishment of the two joint ventures is subject to the approval of the authorities. Herbert Ortner, CEO of PALFINGER AG, states: “With the establishment of these two joint venture companies, we have taken a big step forward in our internationalization strategy. We now have…
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  • U.S. Construction Machinery Exports Gain 43 Percent in 2011

      (Feb. 24, 2012) – U.S. construction equipment exports increased 43 percent in 2011 compared to the previous year for a total $23.5 billion of machinery shipped to other nations, according to the Association of Equipment Manufacturers (AEM). This follows growth of 28 percent in 2010 after a 2009 decline of 38 percent in the depths of the recession. “Export sales continue to help U.S. construction equipment manufacturers stay open for business and sustain American jobs, especially with the domestic construction sector still recovering,” stated Al Cervero, AEM vice president construction sector. AEM and its I Make America campaign have pushed for export-friendly policies that create and sustain American jobs. These include free trade agreements such as the U.S.-Korea FTA being implemented, which will eliminate…
    Read More →: U.S. Construction Machinery Exports Gain 43 Percent in 2011
  • Hino Trucks Honored at Biodiesel Conference

    NOVI, MI (Feb. 7, 2012) – During a ceremony at the National Biodiesel Conference in Orlando, Hino Trucks was recognized by the National Biodiesel Board with the 2012 “Eye on Biodiesel Impact Award”.The “I-Awards” represent the biodiesel industry’s top honors, and are bestowed upon companies,groups or individuals who have helped carry the biodiesel torch, fostering understanding, mentoringothers and encouraging broader use of this cleaner burning, sustainable fuel. Hino Trucks wasnominated for an award this year for serving as a trailblazer among manufacturers as well as amonghybrid truck manufacturers in supporting the use of B20 biodiesel blends. Hino Trucks was honored in the Impact category by becoming the first manufacturer to support theuse of B20 biodiesel blends in a hybrid-electric truck, as well as in its…
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  • The Working Iron: Asphalt – Road Institute Sweepstakes

    Contractors have the chance to win the Working Iron: Asphalt — Road Institute® Sweepstakes, presented by Volvo Construction Equipment. Volvo will randomly select one grand prize winner to attend a course offered by Road Institute®. The winner will receive two round-trip tickets with a choice to attend the Chambersburg, Pa., or Phoenix, Ariz., training facility, four days and three nights’ stay, a rental car, a $400 USD Visa® gift card, two Volvo jackets, and tuition for two at Road Institute®. Plus, the grand prize winner will also receive two free VIP stock car tickets to the May 27 race in Charlotte, N.C. Additional random drawings will also be held in February, March, and April for opportunities to win Volvo merchandise. How to enterAn entry in…
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  • Wacker Neuson ends contract with Gehl Corporation

    Menomonee Falls, Wisconsin Wacker Neuson ended its long standing agreement with Gehl Corporation, West Bend, WI.  Wacker Neuson has been the exclusive manufacturer of Gehl and Mustang branded compact excavators and all wheel steer loaders since 1999. Christopher Barnard, President and CEO of Wacker Neuson Corporation states: “The termination of the Gehl contract is consistent with our strategy in North America to focus resources and products on the further development of the Wacker Neuson brand for its unique and extensive combined product offering of Compact Equipment as well as Light Equipment.”  Barnard further comments, “This increased focus on this broad product range will enhance our ability to better support Wacker Neuson’s extensive North American distribution system”.  Since 2008, Wacker Neuson’s compact excavators, articulated wheel loaders,…
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