Roadbuilding and site development contractors can now reap the benefits of John Deere SmartGrade in the highly successful G-Series motor grader line. SmartGrade technology delivers the first-of-its-kind mastless Topcon 3D integrated grade control as a factory option on new machines and field kit for equipment already on the job. The system is fully incorporated into the machine's structures and software, delivering precise grading performance while eliminating vulnerable masts and cables.
Deere & Company reported net income of $910.3 million for the third quarter ended July 29, 2018, or $2.78 per share, compared with net income of $641.8 million, or $1.97 per share, for the quarter ended July 30, 2017. For the first nine months of the year, net income attributable to Deere & Company was $1.584 billion, or $4.82 per share, compared with $1.649 billion, or $5.11 per share, for the same period last year.
Terex Corporation announced that John L. Garrison, Terex's President and Chief Executive, will also assume the position of Chairman of the Board. Mr. Garrison succeeds David Sachs who has been Non-Executive Chairman since January 2016 and was previously Lead Director since May 2013. With the appointment of Mr. Garrison as Chairman, Mr. Sachs will again assume the role of Lead Director.
Finning International Inc. announced that Juan Carlos Villegas, President of Finning Canada and Chief Operating Officer of Finning International, will retire on December 31, 2018 following a distinguished career with the company. Kevin Parkes, currently Managing Director of Finning UK and Ireland, will assume the role of President of Finning Canada. Assuming the role of Managing Director of Finning UK and Ireland will be David Primrose, currently Finning Canada's Executive Vice President of Core Industries. Kevin and David will assume their positions on January 1, 2019 and will report to Finning International's President and Chief Executive Officer, Scott Thomson.
Hyundai Construction Equipment Americas recently sold 20 wheel loaders as a result from its participation in the Snow Ice Management Association (SIMA) Symposium that took place in Cleveland, Ohio, from June 26–29. SIMA brings the top snow and ice equipment manufacturers and suppliers together to showcase the best products, technology, and services in the industry.
If construction machines are the moving hands and feet of a contractor's operation, then its elaborate distribution network of spare parts is its backbone. For any construction equipment owner, machine uptime is at the core of keeping their business running smoothly. So when a helping hand is needed, Volvo CE steps up to complete the seemingly impossible task of providing all the right parts at the right place at the right time.
Continental Commercial Specialty Tires has appointed Pavel Prouza the head of sales and marketing for the Americas. In this role, he will oversee all material handling, earthmoving and agriculture tire business in North America, Central America and South America. The appointment is effective immediately.
Gehl has released four new and improved telehandler models for the North American market. The new Gehl DL Gen:3 Series models feature a single joystick control for boom extension and retraction, attachment tilt, auxiliary hydraulics and forward/neutral/reverse. The all-in-one joystick allows the operator to control all machine functions with one hand while leaving the other hand on the steering wheel.
Caterpillar's new D8T bulldozer features an all-new fully automatic transmission, delivering up to 18 percent more productivity without consuming more fuel. Added blade capacity, increased power and steering performance, and a full range of technology options help customers realize more productivity and a faster payback. In this detailed walkaround, Sam Meeker, Caterpillar's dozer application product specialist, covers key features and options for the D8T.
The Canadian Coalition for Construction Steel (CCCS) is urging the federal government to make an evidence-based decision on any new action on imported steel products, warning changes could create steel shortages for the Canadian construction industry, impact major building projects, and put over 60,000 jobs at risk in the construction sector alone.
Poor weather increases risk and affects the safety of site workers. Whether maneuvering mining equipment, or using a construction machine on site, one thing's for certain – safety devices have to be effective. Working at night and battling poor visibility caused by rain, snow and ice are everyday hazards for tens of thousands of mining and construction drivers across Canada.
Hyundai Construction Equipment Americas has expanded its North American authorized dealer network with the addition of Farm Depot Ltd. Farm Depot is a full-line agricultural equipment dealer that provides products and services to the agricultural lifestyle communities with three locations across the southern-lower peninsula of Michigan. The owners of Farm Depot, Mark and Mike Laethem, are the third generation of a family that has been dedicated to the service of the agricultural industry.
Stanley Black & Decker has entered into a definitive agreement to acquire International Equipment Solutions Attachments Group (IES Attachments) for $690 million in cash. Separately, the Company completed a $300 million share repurchase in July, bringing total share repurchases in 2018 to $500 million.