Cummins Poised for Period of Sustained Profitable Growth, CEO Tells Shareholders
Cummins Inc. expects significant sales and profit growth in 2011 and beyond as it takes advantage of a number of long-term global economic trends and the recovery of key U.S. markets, chairman and CEO Tim Solso told shareholders this week at the company’s annual meeting....
AEMP Elects New Executive Committee, President/CEO, and Chairman
Association of Equipment Management Professionals, an organization for asset management professionals of off-road fleets, has elected the new 2011/2012 executive committee members to its board of directors. Each year, AEMP members select top peers from various organizations to lead the board, as well as the new president/CEO who also serves as chairman of the board. Dave Gorski, CEM, equipment manager for K5 Construction, Chicago, was elected president/CEO and chairman of the board. He will serve through March 2012. Gorski’s main goals for the upcoming year are building on the organization’s strategic initiatives, including AEMP University and Green Fleet Certification....
Custom Equipment Wins International Product of the Year Award
Custom Equipment’s Hy-Brid HB-830 recently received the Product of the Year - Low Level Access Award at the International Awards for Powered Access in Amsterdam, The Netherlands. The show, organized by Access International and International Powered Access Federation, had an audience of more than 450 people at the ceremony last month....
EDCO Air Tool Featured on DIY Network’s “Cool Tools” Program
EDCO’s air-powered chisel scaler, The Big Stick, was recently featured on DIY Network’s “Cool Tools” program. EDCO was contacted by DIY Network who found The Big Stick to be productive and have a “cool name.” After filming, EDCO says the unit was donated to charity....
Perkins Opens State-of-the-Art Test Facility in England
Perkins Engines Co. has invested $31 million in the creation of a state-of-the-art test facility for its current and future products that is now open at its headquarters in Peterborough, England. Over the past three years Perkins has installed 12 new validation cells, a tilt cell and upgraded five existing cells at its Global Engine Development center....
Atlas Copco Adds to Sales, Product Support Teams
Atlas Copco this week made additions to its sales and service teams....
China’s Construction Machinery Industry Names Perkins to Top Five
China’s construction machinery industry community named engine manufacturer Perkins one of the Top Five Most Influential Power System Manufacturers for 2010 in the first survey ever conducted to gauge the performance of components suppliers supporting China’s construction machinery industry....
CNH Hiring 150 Workers at Racine Assembly Plant
The Case New Holland tractor assembly plant in Racine, Wis., will hire 150 new employees and add a second shift to its production schedule, the Wisconsin Ag Connection is reporting. The demand for tractors and combines are the result of higher commodity prices and new advances in technology....
Cummins Finalizes Sale of Exhaust Business to Global Tube
Columbus, Ind.-based Cummins Inc. announced that the sale of its exhaust business to Global Tube, a portfolio company of Wind Point Partners, a private equity firm headquartered in Chicago, has closed....
New Lincoln Electric Helmet Features Superhero Thor
Lincoln Electric this week announced a helmet in its VIKING 2450 Series auto-darkening welding helmet line will feature superhero Thor. The movie, by the same name, opens tomorrow. The new, limited-edition Thor welding helmet features vivid authorized original graphics from Marvel Thor comics, including the logo and action shots of the legendary comic book hero....
Honda Power Equipment Launches NASCAR Skinit Kit Program
Honda Power Equipment last week launched the official NASCAR Skinit Kit, an accessory available exclusively for the Honda EU2000i Super Quiet Series portable generator. The new NASCAR Skinit Kit consists of a line of thin, flexible generator covers, each imprinted with official race graphics from one of three racing teams. These new kits follow last year’s launch of the company’s Collegiate Skinit Kit program....
GGC Software Holdings to Acquire Lawson Software
GGC Software Holdings, an affiliate of Golden Gate Capital and Infor, has agreed to acquire Lawson Software. Following completion of the transaction, the combined suite of Infor and Lawson will create a unique set of industry-specific applications serving more than 75,000 customers and produce a global leader in verticals such as manufacturing, health care, distribution, public sector and hospitality....
Orion Software Completes Management Buyout
Orion Software completed a management buyout effective April 1. The new management team will be lead by Patrice Boivin, president and CEO, who acted as chief operating officer of Orion Software for the past 5 years. He is joined by Claudio Sorella, director of implementation and Shaun Loubser, director of customer support. Orion’s newly appointed management team brings more than 20 years of experience in successfully implementing software....
Lincoln Electric Expands Money Matters Customer Promotion
Lincoln Electric last week further enhanced its Money Matters promotion to offer customers more choices when they purchase one of the company’s six most popular welding machines. The company is telling customers “It’s Your Choice” between a cash rebate of up to $200 or free additional product worth up to $424....
Atlas Copco Restructures Business Areas from Three to Four
The Atlas Copco Group, Stockholm, Sweden, has decided to modify its business area structure to strengthen the focus on specific product and customer segments. As of July 1, the group will have four business areas instead of three, including a dedicated business area for construction equipment and related services....
Subaru to Expand V-Twin Engine Assembly in Japan
Subaru Industrial Power Products this week announced it will expand the assembly of its V-Twin engine line, and move production from the current Robin Manufacturing facility in Hudson, Wis., to Subaru’s existing facility in Tokyo. The move will consolidate all engine production to Japan. Vice-president of sales and marketing, Brad Murphy, says the move will increase V-Twin engine production capacity, and will be accompanied by a larger engine inventory at its North American headquarters in Lake Zurich, Ill....
Atlas Copco Appoints Vice President, Investor Relations
Stockholm, Sweden-based Atlas Copco appointed Mattias Olsson as vice president investor relations, effective May 1. He succeeds Ingrid Andvaller, who is taking up a new position as internal auditor within the company....
AEMP Foundation Selects 2011 National Technician of the Year Recipients
The Association of Equipment Management Professionals, the organization for asset management professionals of off-road fleets, recently recognized two industry professionals with the annual National Technician of the Year award. The honor has been awarded by AEMP since 1989 and recognizes technicians in both the private and public sectors. This year’s private sector winner was Tom Hellmers from Murphy Tractors and Equipment, Omaha, Neb., and the public sector award went to Ron Bradly of Sarasota County Fleet Services Department, Sarasota, Fla....
AEMP Honors 2011 Fleet Masters Award Winners
The Association of Equipment Management Professionals, an organization for asset management professionals of off-road fleets, recently awarded two industry professionals with the 8th annual Fleet Masters Award. The winners were recognized at a luncheon ceremony March 21, at AEMP’s 29th annual Spring Management Conference in Las Vegas. Fleet professionals Mike Munson of Austin Bridge and Road, Irving, Texas, and Guy Gordon, CEM of Insituform Technologies, St. Louis, were the 2011 award recipients....
Briggs & Stratton Vanguard Power Chase Winner Gets Schooled in Racing
Briggs & Stratton Commercial Power last week announced that a landscaping equipment service technician from Minneapolis won a day of racing at the Bob Bondurant Racing School for finishing as the first runner-up in the Vanguard Power Chase competition....
MSA Offers Bulletin for Residential Construction Fall Protection Guidance
MSA last week announced availability of its bulletin Fall Protection for Residential Construction Activities (bulletin #2300-132). The new safety bulletin is available to assist fall protection users with OSHA compliance to new Directive Number STD 03-11-002. This new bulletin helps users comply by providing companies with OSHA-compliant products and conveniently packaged kits for end users. Complete kits as well as separate components are offered for simplified product selection to ensure the best choices for many applications, according to MSA....
Hilti Receives Good Design Award from Chicago Museum
Hilti last week announced that eight products received the Good Design Award presented by the Chicago Athenaeum Museum of Architecture and Design together with The European Centre for Architecture Art Design and Urban Studies....
Kubota Tractor Corp. Announces New President
Kubota Corp. last week named Yuichi “Ken” Kitao president of Kubota Tractor Corp., based in Torrance, Calif. Kitao, who earned his B.S. in Mechanical Engineering from Tokyo University, has been with Kubota Corp. for 32 years in the company’s engineering and tractor machinery division. Kitao is also an executive officer of Kubota Corp....
Caterpillar, Shaanxi Fast Gear Establish Joint Venture to Produce Components in China
Caterpillar Inc. and Shaanxi Fast Gear Co., last week announced it has signed an agreement to form a joint venture that will manufacture drivetrain systems and other complex components for Caterpillar machinery and produce a full line of on-highway automatic transmissions....
Terex AWP Names Vice President of Customer Services
Terex Aerial Work Platforms, a business segment of Terex Corp., appointed Adam Rimmer vice president of customer services, Terex AWP. In this role, Rimmer assumes responsibility for the Americas’ field service, customer care, sales operations, parts and used equipment teams. He will report directly to Matt Fearon, vice president and general manager, Terex AWP Americas....
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