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Heavy Machinery & Vehicles

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Shaanxi Construction Machinery sees H1 FY 2017 net profit to raise

Monday, 31 Jul 2017 05:23am EDT

July 31(Reuters) - Shaanxi Construction Machinery Co Ltd <600984.SS>:Sees H1 FY 2017 net profit to be 55 million yuan to 65 million yuan.Says H1 FY 2016 net profit was 31.3 million yuan.Says increased business income and gross margin is the main reason for the forecast .

Palfinger H1 EBIT at 66.8 million euros, up 2.9 pct‍​

Thursday, 27 Jul 2017 02:17am EDT

July 27 (Reuters) - PALFINGER AG :‍H1 REVENUE ROSE BY 13.2 PER CENT FROM EUR 665.6 MILLION IN FIRST HALF OF 2016 TO EUR 753.8 MILLION​.FULL ORDER BOOKS AND THE COMPLETION OF RESTRUCTURING GIVE REASON TO EXPECT AN INCREASE IN REVENUE AND EARNINGS FOR 2017‍​.CONSOLIDATED NET RESULT IN H1 2017 WAS EUR 38.6 MILLION, 2.8 PER CENT LOWER THAN PREVIOUS YEAR'S FIGURE OF EUR 39.7 MILLION.H1 EBIT 66.8 MILLION EUROS, UP 2.9 PCT‍​.

Konecranes ‍Q2 ADJUSTED EBITA up at EUR 51.2 mln

Wednesday, 26 Jul 2017 02:00am EDT

July 26 (Reuters) - KONECRANES ABP ::SALES IN 2017 ARE EXPECTED TO BE CLOSE TO OR LOWER THAN COMPARABLE COMBINED COMPANY SALES IN 2016 (EUR 3,278 MILLION).Q2 ORDERS RECEIVED EUR ‍790.2​ MILLION VERSUS EUR 761.6 MILLION YEAR AGO.EXPECT ADJUSTED EBITA TO TOTAL EUR 205-225 MILLION IN 2017 (COMPARABLE COMBINED COMPANY'S ADJUSTED EBITA WAS EUR 184 MILLION IN 2016).‍Q2 ADJUSTED EBITA EUR 51.2 MILLION (42.6), 6.4 PERCENT OF SALES (5.4)​.Q2 SALES EUR ‍797.2​ MILLION VERSUS EUR 787.3 MILLION YEAR AGO.DEMAND SITUATION IN EUROPE IS GRADUALLY IMPROVING WITHIN INDUSTRIAL CUSTOMER SEGMENTS​.‍BUSINESS ACTIVITY IN NORTH AMERICAN MANUFACTURING INDUSTRY REMAINS MIXED​.‍DEMAND IN ASIA-PACIFIC IS SHOWING SIGNS OF BOTTOMING OUT​.KONECRANES ABP - ‍SALES IN 2017 ARE EXPECTED TO BE CLOSE TO OR LOWER THAN COMPARABLE COMBINED COMPANY SALES IN 2016 (EUR 3,278 MILLION).

CAT financial reports second-quarter 2017 revenues of $676 million

Tuesday, 25 Jul 2017 07:31am EDT

July 25 (Reuters) - Caterpillar Inc ::CAT Financial says reported second-quarter 2017 revenues of $676 million, an increase of $17 million, or 3 percent, compared with q2 of 2016.CAT Financial says second-quarter 2017 profit was $114 million, a $12 million, or 12 percent, increase from Q2 of 2016.CAT Financial says during Q2, retail new business volume was $2.69 billion, a decrease of $367 million from Q2 of 2016.CAT Financial says as of June 30, 2017, allowance for credit losses totaled $338 million, compared with $346 million at June 30, 2016.

Caterpillar ‍now expects to incur about $1.2 billion of restructuring costs in 2017​

Tuesday, 25 Jul 2017 07:30am EDT

July 25 (Reuters) - Caterpillar Inc ::Caterpillar reports second-quarter 2017 results.Q2 earnings per share $1.35.Q2 sales $11.33 billion versus I/B/E/S view $10.93 billion.Q2 earnings per share view $1.26 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share about $5.00.Q2 adjusted earnings per share $1.49 excluding items.Sees FY 2017 earnings per share about $3.50.Caterpillar Inc - ‍now expects to incur about $1.2 billion of restructuring costs in 2017​.Caterpillar Inc - at end of Q2 of 2017, past dues at cat financial were 2.71 percent, compared with 2.93 percent at end of Q2 of 2016.FY2017 earnings per share view $4.32 -- Thomson Reuters I/B/E/S.Caterpillar Inc - ‍restructuring costs of $169 million in q2 of 2017 were primarily related to programs in resource industries and energy & transportation​.Caterpillar - ‍worldwide, full-time employment was about 94,800 at end of Q2 , a decrease of about 5,200 full-time employees from end of Q2 of 2016​.Caterpillar Inc- "‍as a result of increased demand across many end markets and disciplined cost control, Caterpillar is raising its 2017 Outlook"​.Caterpillar - ‍second-quarter restructuring costs included lifo inventory decrement benefit of $33 million related to closure of Gosselies, Belgium, facility​.Caterpillar Inc - as of June 30, 2017, cat financial's allowance for credit losses totaled $338 million compared with $346 million last year.

CGN Nuclear Technology Development sees H1 FY 2017 net profit to be 135-160 mln yuan

Thursday, 13 Jul 2017 05:39am EDT

July 13 (Reuters) - CGN Nuclear Technology Development Co Ltd <000881.SZ> ::* Sees H1 FY 2017 net profit to be 135 million yuan to 160 million yuan.* Says H1 FY 2016 net profit was 0.4 million yuan (before restructured) or 126.8 million yuan (after restructured).* Says steady growth in core business sectors as main reason for the forecast.

CRCC High-Tech Equipment receives notification from CRCC on proposed integration of co

Monday, 3 Jul 2017 09:38am EDT

July 3 (Reuters) - CRCC High-tech Equipment Corp Ltd <1786.HK>:Received notification from China Railway Construction Corporation Limited that CRCC is contemplating integration of company.Intergration of co and China Railway Construction Heavy Industry and formation of New China Railway Construction Heavy Industry.

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.

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