Heavy Machinery & Vehicles

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Volvo AB says idles Russian Kaluga plant- Reuters

Friday, 6 Feb 2015 09:55am EST

Volvo AB:Volvo halts production at Russian Plant, to reduce work force by 30 pct at Kaluga plant - news agency Direkt.Volvo official says confirms halting Russian Kaluga plant output.

Cargotec Oyj: Hiab reorganises its operating model

Tuesday, 3 Feb 2015 06:00am EST

Cargotec Oyj:Hiab reorganises its operating model to accelerate growth.Hiab has decided to develop its operating structure into model of five operative and more integrated business lines.

Daugavpils Lokomotivju Remonta Rupnica AS plans reorganization and job cuts due to production decline

Thursday, 22 Jan 2015 04:03am EST

Daugavpils Lokomotivju Remonta Rupnica AS:Says that it plans reorganization and reduction in the number of employees in connection with the situational decline in production in the 1st quarter.There is no mass layoff at the company.In order to increase the economic efficiency of the production, it will carry out plant reorganization, optimization of production processes, reducing running costs, what may affect the reduction in the number of staff.Sees the priority for 2015 to develop new markets and new products, including mechanical engineering.Says it has ability to do its main activity, but the costs of these services since the devaluation of the Russian rouble make these orders uneconomical.Revenues from deals with Russian enterprises decreased significantly since the devaluation of the rouble.Said it does not have any obstructions from Russian Federation to work with Russian Railways and the branch enterprises.

Konecranes Abp confirms FY 2014 financial guidance and plans restructuring

Monday, 8 Dec 2014 01:00am EST

Konecranes Abp:Says sales in FY 2014 are expected to be somewhat lower than in FY 2013.Says expects FY 2014 operating profit, excluding restructuring costs, to be about at same level or to improve slightly from FY 2013.Cost savings target of 30 million euros.Says total restructuring costs are estimated at maximum 20 million euros for years FY 2015 to FY 2016 of which 15 million euros are expected to have an impact on cash flow.

Vossloh announces details of reorganization, confirms FY 2014 forecast and gives FY 2015 outlook in line with analysts' estimates

Tuesday, 2 Dec 2014 07:10am EST

Vossloh AG:Decides on key points of new strategy of Vossloh Group.Previous Rail Infrastructure division is to be divided into three new business units - Core Components, Customized Modules and Lifecycle Solutions.Goal is to sell transportation division in whole or in parts by 2017 at latest or to transfer it into a partnership which will no longer be controlled by Vossloh.For 2014 fiscal year, Vossloh expects sales revenues in amount of about 1.34 billion euros and is confirming already-announced EBIT forecast of -150 million euros to -180 million euros.Is also planned to strengthen three new core divisions through acquisitions.Adjusted for one-off effects, 2014 EBIT is expected to be about 30 million euros.For 2015 executive board anticipates increase in sales between 3 pct to 4 pct and an increase in EBIT margin to about 3 pct to 4 pct.FY 2014 sales estimate 1.35 billion euros, EBIT estimate -175.3 million euros - Thomson Reuters I/B/E/S.FY 2015 sales estimate 1.44 billion euros, EBIT margin estimate 4.1 pct - Thomson Reuters I/B/E/S.

Cargotec says MacGregorreorganises into seven operative divisions

Thursday, 23 Oct 2014 04:45am EDT

Cargotec Oyj:Says MacGregor reorganises into seven operative divisions to improve customer focus.Says divisions will become effective on Jan. 1, 2015.Says six new operative divisions together with global lifecycle support as seventh one will enable Macgregor to improve customer service throughout lifecycle of products.

Emak SpA reorganizes commercial activities in USA

Wednesday, 1 Oct 2014 04:55am EDT

Emak SpA:Announces that within the year will complete the process of rationalizing its presence in the American market through the merger between Comet USA and Emak USA.The Group is present in the United States with four companies, namely, Emak USA, Comet USA Inc, Valley Industries LLP, and Speed North America Inc.The reorganization of the activities provides that, once completed the merger, the business of Emak USA will become a division within Comet USA.Administrative, commercial and directing functions will be concentrated in the new offices in Minneapolis while the logistics and all the activities of operations will remain entirely at the headquarters of Valley Industries in Paynesville.The aim is to optimize logistics and maximize operating synergies, thus freeing resources for business development.

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