Growth in most major markets helped Volvo Construction Equipment deliver a solid first financial quarter 2019, with sales up 15% and profitability up 26%.
Caterpillar Inc. has announced several officer moves including changes in responsibilities for three Executive Office members, new roles for two current vice presidents and the appointment of two new vice presidents. All changes are effective March 1.
"These organizational changes will facilitate the acceleration of our strategy for continued profitable growth," said Caterpillar Chairman and CEO Jim Umpleby.
Tom Pellette to become Senior Vice President of Caterpillar
After four years as group president separately leading the Construction Industries and Energy & Transportation segments, Tom Pellette has elected to return to San Diego, California for family reasons. Pellette will serve as president of Solar Turbines, a wholly owned subsidiary of Caterpillar and a global leader in the design, manufacture and service of gas turbine systems and compressors for the oil and gas and power generation industries. He previously spent more than 20 years in the division. Pellette will also serve as strategic advisor to the Caterpillar Executive Office. For more on Pellette's background, read his bio here.
Ramin Younessi to move to Group President of Construction Industries
Ramin Younessi, currently group president of Energy & Transportation, will transition to lead Construction Industries. Younessi, with more than 30 years of leadership inside and outside of Caterpillar, will now have responsibility of the company's Earthmoving, Excavation, Building Construction Products, China Operations and Global Construction & Infrastructure divisions, as well as Global Rental and Used Equipment Services. Younessi's full bio can be found here.
Billy Ainsworth named Group President of Energy & Transportation
Billy Ainsworth, current senior vice president of the Caterpillar Rail Division and CEO of Progress Rail, will now become the group president of the Energy & Transportation segment. Since 2017, Ainsworth has served as strategic advisor to the Caterpillar Executive Office in addition to his responsibilities for the Rail Division.
"Billy's customer focus, entrepreneurial background and deep aftermarket experience will continue to benefit the Energy & Transportation business," said Umpleby.
To read more on Ainsworth's background, click here.
To better serve our customers, Caterpillar is separating the current Global Power Solutions Divisions into two new industry focused divisions: Oil, Gas and Marine Division and Electric Power Division. These two new divisions will be led by the following Caterpillar vice presidents:
Joe Creed will lead new Oil, Gas and Marine Division
Joe Creed, current vice president of Caterpillar's Finance Services Division, will become the new vice president of the Oil, Gas and Marine Division. He also most recently served as interim Chief Financial Officer for the company. Prior to his leadership in Caterpillar's finance functions, Creed worked in the company's engine and machine businesses. Click here to learn more about Creed.
Pablo Koziner will lead new Electric Power Division
Pablo Koziner, current vice president of Caterpillar and president of Solar Turbines, will become the new vice president of the Electric Power Division. He has nearly 20 years of experience in various roles around the world, the last six as a vice president. Koziner's full bio is here.
Marty Haycraft named Vice President of Caterpillar Rail Division
Caterpillar's board of directors has appointed Marty Haycraft to succeed Ainsworth as vice president of Caterpillar's Rail Division and CEO of Progress Rail. Haycraft is currently the president of Progress Rail's global operations where his primary responsibilities include overseeing the company's rolling stock and infrastructure businesses.
Haycraft began his professional career in 1990 with Wheel Corporation of America, where he worked as a production employee and gained experience on freight car wheel set production and freight car wheel set materials. He joined Progress Rail in 1993 when Corbin Railway Services purchased Steel Processing Services, later to become Progress Rail. He rose through the company, holding several operations, materials management and sales and marketing management positions. Haycraft attended the University of Louisville in Kentucky and finished his accounting degree at Phoenix University.
Kyle Epley named Vice President of Finance Services Division
The company's board of directors has also appointed Kyle Epley as vice president of the Finance Services Division. He currently serves as corporate controller where he has responsibility for business analysis, competitive analysis, economics, strategic planning and operating & execution model governance.
Epley joined Caterpillar in 1996 and has held a series of positions with growing responsibilities in accounting and finance, including global assignments. Epley has a bachelor's degree in accounting from Bradley University and is a certified public accountant.
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Epiroc has appointed Jon Torpy as General Manager and President for Epiroc USA LLC, effective May 1, 2019. Mr. Torpy brings 15 years of broad leadership experience with Epiroc and predecessor Atlas Copco, and 20 years of overall industry experience.
Allison Transmission Holdings Inc. has purchased Vantage Power and AxleTech's electric vehicle (EV) systems division. Allison Transmission has a more than 103-year history of leading technological advancements: from James Allison owning the winning race car of the Indianapolis 500 Mile Race in 1915 to building every transmission that is in the United States Army's Abrams Battle Tank. Allison is building upon the legacy of those and other advancements with an electrification strategy that leverages and extends current electric hybrid technologies, develops new electrified propulsion solutions, and expands system and integration level capabilities in alternative propulsion.
BOMAG announces that it is partnering with Mont-St-Hilaire-based agent EDFA as its rental equipment line representative in the province of Quebec. As the new BOMAG manufacturer's representative, EDFA will work with independent and provincial rental outlets to make sure they have the right mix of BOMAG compaction equipment in their rental fleets to support their customers.
dynaCERT Inc. has received a new order for its C-Series of HydraGEN Technology products in the war against NOx and Greenhouse Gas Emissions with its made-in-Ontario Carbon Emission Reduction Technology.
Generator manufacturer Generac has introduced web-based training that offers customers the chance to learn more about the basics of generators and generating equipment.
A total of 120 exhibits, including 18 world premieres and 25 innovations as well as six interactive technology demos: the Wirtgen Group's booth at Bauma was packed with leading machine and application technologies from Wirtgen, Vögele, Hamm, Kleemann, Benninghoven, and John Deere.
Hendrickson is expanding their Trailer Commercial Vehicle Systems operations in northeastern Ohio. 35 acres were purchased from the more than 325-acre parcel of the Stark County Farm property. This new 35-acre plot will be home to Hendrickson's sixth trailer suspension plant.
CASE Construction Equipment has awarded the $25,000 Dire States Equipment Grant to Chapin, South Carolina for the East Chapin Sewer Force Main Project. The project will install a new parallel force main to relieve pressures in the service area on the existing sewer force main and pump stations. The additional force main will provide capacity to reroute sewer flow to significantly reduce the likelihood of future overflows that may affect the drinking water of approximately 130,000 drinking water customers in area.
Doosan Infracore North America, LLC, has announced its top-performing equipment dealerships of 2018. These Doosan dealer enterprises have demonstrated a high quality of customer service to provide exceptional sales, parts and services to their customers, scoring well on their annual dealer performance reviews.
Ritchie Bros. has announced organizational realignment in North America , which will include a focus on three key business areas. The changes will come with several personnel changes in certain positions.
Nortrax announces that Richard Perzan will be joining the Nortrax leadership team in a newly created position as General Manager Roadbuilding and Minerals. Reporting to Perzan will be the addition of two newly hired Wirtgen Group Territory Managers, Ryan Link and Dave Notari. Perzan will lead his team as well as help facilitate the sales department with complete responsibility for all activities related to Wirtgen, Hamm, Kleemann and Vogele product groups.
With more than 620,000 visitors from over 200 countries, bauma 2019, the world's leading trade fair for construction machinery, building material machines, mining machines, construction vehicles and construction equipment, generated the best results in the exhibition's 65-year history. The number of visitors rose by about 40,000 over the total produced during the previous event in 2016. More than 250,000 visitors came from countries outside Germany. The top 10 visitor countries after Germany were: Austria, Italy, Switzerland, France, the Netherlands, Russia, Sweden, the Czech Republic, Poland and Great Britain. The trade fair also experienced a strong increase in attendance from overseas visitors. Significant gains in this group were produced by China, Australia and Japan. More than 5,500 visitors came from China alone. The number of exhibitors totaled about 3,700 from 63 countries - likewise a record.
PacLease Edmonton Kenworth (Alberta) has been named the PacLease 2018 North American Franchise of the Year. The honour was presented at the annual PacLease awards dinner held in conjunction with TRALA's annual meeting in Orlando, Florida.
7,000 jobs under threat as Toronto moves to restrict critical concrete work for high-rise construction
The City of Toronto is poised to restrict concrete work for the construction of high-rise buildings through amendments to the noise bylaw in a move that will threaten more than 7,000 jobs and cripple the industry's ability to deliver much needed housing supply to Torontonians.
The PRINOTH PANTHER T7R is set to redefine the standards for tracked dumper productivity & cost effectiveness, and so we are proud to add this remarkable new vehicle to an already impressive product offering. With its design & engineering guided from the ground up by those who know our vehicles best: our customers - the PANTHER T7R goes well beyond technological innovation,delivering both lower cost of ownership and the ability to get the job done.
As the global demand for fully automatic coupler systems is rapidly increasing, Genesis Attachments will from now on offer demolition work tools with SQ type adaptor plates directly from factory. The target is to increase productivity and reduce downtime for end users as the interface between work tools and adaptor plates can be made in a more efficient way with optimized hose routings directly from factory.
The Liebherr Group notched up a turnover of € 10,551 million in 2018, breaking through the € 10 billion barrier for the first time in the company's history. This represents an increase of € 739 million, or 7.5 percent, compared with the previous year.
The Mobile Fabrication technology of Max Bögl Wind AG won this year's bauma Innovation Award in the construction method category. The world's most unique production concept for Hybrid Towers won over the jury for its technical innovation and contribution to climate protection and resource efficiency.
Doosan Infracore North America, LLC opened its second North American parts distribution centre near Seattle, Washington.
SNC-Lavalin has reached an agreement to sell 10.01% of the shares of 407 International Inc., the world's first all-electronic, barrier-free toll highway located in the Greater Toronto Area, to OMERS.
CASE Construction Equipment celebrated 50 years of skid steer manufacturing with a ceremony on Wednesday, April 3rd at its Wichita, Kansas plant. CASE first built skid steers in 1969 at its Burlington, Iowa facility, before eventually moving production to Wichita.
The Volvo Group's Hagerstown powertrain manufacturing facility received $1,180,400 in rebate incentives from Potomac Edison for a number of energy efficiency upgrades made at the site since 2016, which has saved the equivalent of 9,158,862 kilowatt-hours of electricity, enough to power 759 average homes for a full year.
Case dealer ASCO donates equipment to help Team Rubicon and SBP rebuild home devastated by fire, Hurricane Harvey flooding
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BC Construction Month launches with latest industry statistics and results of province-wide industry survey
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In an effort to address bullying, hazing and harassment on B.C. construction worksites, the BC Construction Association (BCCA) and its Builders Code partners celebrated the start of BC Construction Month with the launch of a humourous province-wide campaign that tells worksite offenders, "Don't be a tool."
A new John Deere low monthly payment lease program is available for customers seeking financial flexibility when acquiring select models of John Deere compact track loaders and skid steer loaders. The 314G and 318G skid steers, and the 317G compact track loader models are offered within the new program.
Big crowds of heavy equipment professionals filled the halls of Mississauga's International Centre for the 2019 edition of the National Heavy Equipment Show, which took place Thursday, March 28 and Friday, March 29.
More than two years ahead of schedule, Volvo CE has achieved its end of 2020 WWF Climate Savers commitment, aimed at reducing the amount of energy the company produces in its plants.
Effective immediately, Doosan Bobcat North America will transition its rights to the U.S. sales, marketing and service of the Montabert brand of attachments to Montabert SAS, creating a direct link between the brand's U.S. distribution network and factory in Lyon, France. This change is the result of an agreement reached jointly by both parties to support Montabert SAS's desire to get closer to its U.S. customer base.
Terex Trucks, the Scottish articulated hauler manufacturer, has big plans for North America. The company wants to expand its already 35-strong North American dealer network, bringing its TA300 and TA400 machines to even more customers throughout the region.
Schneider Electric has announced that they have signed a Memorandum of Understanding with the Kami Mine Limited Partnership to lease or purchase equipment from Schneider Electric for use in the Kami Iron Ore Project, located in western Labrador, Canada.
Bomag has announced that Construction Equipment Solutions (CES) is a new rental equipment industry distributor for the provinces of Ontario and Newfoundland & Labrador. As a new Bomag rental distributor, CES will offer independent and national rental outlets sales and parts support for Bomag's extensive line of rental compaction equipment from its Pickering, Ontario, headquarters.
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