Sany Group, the largest crane maker in China and the sixth-largest in the world, plans to focus more on market expansion in ASEAN by using Thailand as a production base for excavators in the next few years in addition to Indonesia. The move ...
Tags: market view, crane
China Knowledge reported that XCMG Construction Machinery Co Ltd one of the leading construction machinery makers in China net profit fell 28.67% YoY to CNY 1.59 billion in the first half of this year, due to a sharp decline in sales volume ...
Construction equipment manufacturers around the globe will see significant growth over the next few years, as massive infrastructure projects will be required to satisfy population growth and expansion of the middle class in emerging ...
Tags: marketview, Construction Equipment
(Reuters) - Chinese companies are eyeing German machine tool group MAG, two sources close to the transaction said on Monday, in a sign appetite remains high among Chinese groups for the acquisition of German industrial know-how. State-owned ...
Tags: Market View, machine tool
China's stocks fell the most in six months after the nation's non-manufacturing industries expanded at a slower pace for a second month and fewer U. S. Jobs were added than economists estimated. PetroChina Co., the second-largest oil ...
Tags: maket view, construction machinery
Japan’s Topix Index (TPX) plunged to the lowest level since 1983 and entered a bear market, after disappointing U. S. Jobs and China services data added to evidence the global economy is slowing. Toyota Motor Corp. (7203) dropped 3.5 ...
On 26th April, Poland – China – World Economic Forum on Central and Eastern Europe was held in Hilton Hotel, Warsaw, Poland. More than 1000 guests participated in this forum, including Wen Jiabao, the Premier of the state ...
Sany Heavy Industry Co. (600031), China’s biggest maker of excavators, may cut its unit-sales forecast for this year as government efforts to curb property speculation slow construction. “Given the weak market, I think ...
Tags: market view, excavators
Caterpillar Inc. CAT +0.06% plans to sell a majority stake in its third-party logistics division to private equity firm Platinum Equity for roughly $750 million. Under the agreement, Caterpillar will retain a 35% stake in the business. ...
Tags: market view, bulldozers/excavators
Nissan Motor Co. (7201), Japan’s second- biggest carmaker, and Hitachi Construction Machinery Co. (6305), the world’s largest maker of giant excavators, agreed to merge their forklift operations through a new venture. Nissan ...
Caterpillar Inc. (CAT), the world’s largest maker of construction equipment, reported a gain in first-quarter revenue that was less than analysts estimated after sales fell in China and Brazil. Revenue climbed 23 percent to $16 ...
The relative weakness of the current market demand in Europe and America, such as the new sunlight stone coated steel roof like manufacturing companies started to target the rapid development of emerging markets such as Brazil, Russia, ...
Tags: News Update, Market View, roof
Komatsu Ltd. (6301), the world’s second- largest maker of excavators, posted a 25 percent decline in fourth-quarter profit after Chinese sales declined. Net income fell to 37.7 billion yen ($464 million) for the three months ended ...
Tags: market view, excavators
Kobelco's sales of construction equipment totalled JPY 355 billion (US$ 4.40 billion) in the fiscal year ending March 31, 2012 - level with the previous year.A +17% increase in crawler crane sales compensated for a fall in the company's ...
Tags: market view, Crane
Zoomlion Heavy Industry Science & Technology Co. (1157) headed for the first gain in seven trading days after reassuring investors about the planned sale of a sanitation-equipment unit that's its fastest-growing business. The company rose ...