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.
Caterpillar reported their third-quarter earnings last week, with a rise in profits by 49 percent. Despite the positive lift in profits this quarter, revenue was lower than expected, which in turn will force the company to lower its sales and profit forecasts for the remaining quarter of 2012. Company executives pointed out that the expected decrease in sales is most likely temporary. Chief Financial Officer, Ed Rapp, states, “We think the opportunity for growth still exists in 2014 and 2015 and you have to make sure you’re ready.”
Now you can cut costs on your fuel bill with the new Komatsu WA470-7 wheel loader. Equipped with a 272-horsepower Komatsu SAA6D125E-6 engine that’s Tier 4-Interim certified, this piece of construction equipment consumes eight percent less fuel than the previous model, the WA470-6. They’ve also installed a high-resolution 7-inch LCD monitor which can display information in twenty-five different languages for global support.
In preparation for Thanksgiving and a month that highlights giving back to the community, ICI Construction donated $10,000 to the Spring Branch Education Foundation. They partnered with businesses such as JZ Construction and Littlefield Brothers Concrete Construction to make the donation possible. The foundation plans to use the money to purchase school supplies for Spring Brand Independent School Districts students who can’t afford them.