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Heavy Machinery & Vehicles

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Caterpillar says Doug Hoerr, vice president of MH&U, to retire

Wednesday, 28 Jun 2017 08:30am EDT

June 28 (Reuters) - Caterpillar Inc ::Caterpillar announces vice president retirement, appointment of a new vice president and new responsibilities for other vice presidents.Caterpillar - ‍board has appointed a new vice president, and company is also announcing new responsibilities for 3 current vice presidents​.Says ‍announcing changes in responsibilities for current caterpillar vice presidents Tom Bluth, Jean Savage and Karl Weiss​.Caterpillar Inc - Doug Hoerr, Caterpillar vice president of MH&U, has elected to retire from caterpillar.Says ‍Bluth will become Caterpillar's CTO and vice president of innovation & technology development division​.Says Savage will become vice president of SM&T​.Caterpillar Inc - Weiss will become vice president of MH&U, replacing Hoerr.Caterpillar Inc - board of directors has appointed Frederic Istas to position of vice president of earthmoving division.

J.C. Bamford Excavators Limited files a patent infringement claim against Manitou

Tuesday, 23 May 2017 01:27am EDT

May 23 - MANITOU BF SA ::‍ANNOUNCED ON MONDAY THAT ON MAY 5, J.C. BAMFORD EXCAVATORS LIMITED FILED A CLAIM WITH COURT OF FIRST INSTANCE (TRIBUNAL DE GRANDE INSTANCE) OF PARIS ALLEGING INFRINGEMENT BY MANITOU BF OF TWO EUROPEAN PATENTS​.PATENTS REGARDING CERTAIN FEATURES RELATED TO THE CONTROL SYSTEM OF THE OVERLOAD CUT-OFF OF CERTAIN TELEHANDLERS COMMERCIALIZED IN THE EUROPEAN UNION.‍ON MAY 8, SAME PLAINTIFF FILED A CLAIM BASED ON SIMILAR ALLEGATIONS WITH HIGH COURT OF JUSTICE - CHANCERY DIVISION IN LONDON AGAINST MANITOU BF AND ITS SUBSIDIARY MANITOU UK LIMITED.‍FINANCIALLY, PLAINTIFF IS SEEKING PRELIMINARY DAMAGES (SUBJECT TO FURTHER EVALUATION) IN AMOUNT OF EUR 20 MLN BEFORE FRENCH COURT​.‍PLAINTIFF DOES NOT SPECIFY AMOUNT CLAIMED BEFORE ENGLISH COURT.‍FOR PROCEDURAL PURPOSES, COMMERCIAL VALUE OF CLAIM BEFORE ENGLISH COURT IS ESTIMATED TO BE IN EXCESS OF GBP 10 MLN.‍A PRELIMINARY PROCEDURAL HEARING IN SCHEDULED IN FRANCE FOR 29 JUNE 2017.A PRELIMINARY DEFENSE STATEMENT WILL BE FILED BY MANITOU BF AND MANITOU UK LIMITED WITH ENGLISH COURT IN JUNE, 2017.FIRST PROCEDURAL HEARING IN ENGLAND IS EXPECTED IN AUTUMN 2017​​​.

Mitsubishi Nichiyu Forklift to take over business from subsidiary

Friday, 12 May 2017 02:51am EDT

May 12(Reuters) - Mitsubishi Nichiyu Forklift Co Ltd <7105.T>:Says it will take over business except sales in Japan of a Kanagawa-ken based wholly owned subsidiary UniCarriers Corp.Says change effective Oct. 1.

Hyster-Yale Materials Handling, Inc. announces first quarter 2017 results

Tuesday, 2 May 2017 06:30am EDT

May 2 (Reuters) - Hyster-yale Materials Handling Inc : :Hyster-Yale Materials Handling, Inc. announces first quarter 2017 results.Q1 earnings per share $1.10.Q1 revenue $713.1 million versus I/B/E/S view $668.3 million.Q1 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Strong U.S. Dollar is expected to continue to have an unfavorable, but moderating, impact on EMEA results in 2017..Says Q1 bookings for Lift Truck Business were about 23,700 units, or about $550 million, compared to 23,500 units, or about $490 million last year.Consolidated cash flow before financing activities expected to be positive,increase significantly in 2017 compared with 2016.In 2017, global lift truck market is expected to grow modestly compared with 2016.

Palfinger Q1 sales up 13.5 percent at 361.9 mln euros

Friday, 28 Apr 2017 01:48am EDT

April 28 (Reuters) - Palfinger AG ::Q1 sales increased by 13.5 percent to 361.9 million euros ($393.10 million).Q1 consolidated net income rose by 4.1 percent to 19.4 million euros and earnings per share reached 0.52 euros.Q1 adjusted EBITDA up 18.7 percent to 50.9 million euros.Q1 adjusted EBIT increased from 32.0 million euros to 36.6 million euros.Restructuring costs amounted to 5.0 million euros in the first quarter of 2017.Continues to expect sales growth in the full year 2017 and is aiming for a double-digit adjusted EBIT margin.

Sunward Intelligent Equipment sees H1 FY 2017 net profit up 600 pct to 650 pct

Thursday, 27 Apr 2017 06:29am EDT

April 27 (Reuters) - Sunward Intelligent Equipment Co Ltd <002097.SZ>:* Sees H1 FY 2017 net profit to increase by 600 percent to 650 percent, or to be 123.5 million yuan to 132.3 million yuan.* Says H1 FY 2016 net profit was 17.6 million yuan.* Comments that intelligent equipment business growth and inclusion of Avmax Group Inc as main reasons for the forecast .

Konecranes Q1 order intake up at EUR 734.5 million

Thursday, 27 Apr 2017 02:00am EDT

April 27 (Reuters) - KONECRANES ABP ::SALES IN 2017 ARE EXPECTED TO BE CLOSE TO COMPARABLE COMBINED COMPANY SALES IN 2016.Q1 ORDER INTAKE EUR 734.5 MILLION (656.9), +11.8 PERCENT.WE EXPECT ADJUSTED EBITA TO TOTAL EUR 195-215 MILLION IN 2017.Q1 SALES EUR 683.0 MILLION (716.4), -4.7 PERCENT.SALES IN 2017 ARE EXPECTED TO BE CLOSE TO COMPARABLE COMBINED COMPANY SALES IN 2016 (EUR 3,278 MILLION).WE EXPECT ADJUSTED EBITA TO TOTAL EUR 195-215 MILLION IN 2017 (COMPARABLE COMBINED COMPANY ADJUSTED EBITA WAS EUR 184 MILLION IN 2016).SAYS GROUP SALES WERE 4.7 PERCENT BELOW PREVIOUS YEAR ON A COMPARABLE BASIS MAINLY DUE TO BUSINESS AREA PORT SOLUTIONS.KONECRANES ABP - DEMAND SITUATION IN EUROPE IS GRADUALLY IMPROVING.KONECRANES ABP - BUSINESS ACTIVITY IN NORTH AMERICAN MANUFACTURING INDUSTRY REMAINS MIXED.KONECRANES ABP - DEMAND IN EMERGING MARKETS IS SHOWING SIGNS OF BOTTOMING OUT.

Caterpillar selects Deerfield, Illinois for new global headquarters

Wednesday, 19 Apr 2017 05:00pm EDT

April 19 (Reuters) - Caterpillar Inc ::Caterpillar names Deerfield, Illinois, as new global headquarters.Company expects about 100 employees to relocate this year, with about 300 people in new headquarters when fully operational in mid-2018.

Jain Irrigation Systems to invest in two U.S. companies via unit

Wednesday, 19 Apr 2017 01:59am EDT

April 19 (Reuters) - Jain Irrigation Systems Ltd :Investment in united states' micro irrigation dealers- AVI & IDC- transformation irrigation merger.Says consideration for transaction will be paid in cash not exceeding $48.50 million.Says AVI and IDC agree to merge ownership of business to form new distribution co.Via co's unit in U.S. agreed to buy 80 pct stake in two U.S. entities.

China Harzone Industry sees Q1 FY 2017 net profit up 94.0 pct to 118.2 pct

Monday, 10 Apr 2017 10:59am EDT

China Harzone Industry Corp Ltd <300527.SZ> : Sees Q1 FY 2017 net profit to increase by 94.0 percent to 118.2 percent, or to be 4 million yuan to 4.5 million yuan . Says Q1 FY 2016 net profit was 2.1 million yuan .The reason for the forecast is continues development of emergency traffic engineering equipment business.

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