Rock & Dirt’s Weekly Recap-

News in the Construction Equipment Industry

Need a quick update on what happened last week in the construction industry? Every Monday we will provide a brief overview of some of the top stories for your consumption.

 

Deere & Company had a record high net income of $687.6 million as the fourth quarter came to an end on October 31; compared to $669.6 million for Q4 2011. For the fiscal year 2012, the company announced capacity expansions for tractors, cylinders and sprayers domestically. The net income for the entire year totaled $3.065 billion, compared to $2.80 billion in 2011.

Source: http://www.constructionequipment.com/deere-q4-earnings-set-record

Terex introduced the 3800 Superlift, successor to the CC 2800-1 Superlift, now equipped with a 650 tonlift capacity. This lattice boom crawler crane has improved performance capacity by around 20% overall and President Kevin Bradley is calling the crane ‘the new class leader.’

Source: http://www.constructionweekonline.com/article-19584-terex-launches-new-superlift-650t-crawler-crane/#.ULZw6odfBTI

Ritchie Bros. Auctioneers will hold their first auction in China in spring of 2013. They are the first foreign auction company to achieve the status of a Wholly Owned Foreign Enterprise from the Chinese government. Although they are new to the Chinese heavy equipment market, Ritchie Bros. stated, “Unreserved industrial auctions have been a quick and easy method for equipment buyers and sellers to conduct business on a global scale.”

Source: http://blog.rockanddirt.com/auctions-events/ritchie-bros-to-hold-first-auction-in-china/

  • Facebook
  • Twitter
  • LinkedIn
  • Email
  • Print
  • Delicious
  • Digg
  • StumbleUpon
  • Add to favorites
  • RSS
Pinterest
Email