Month: October 2020

  • Claas User John Macgillivray Says ‘High Quality Bales Make High Quality Forage’

    Even though it had only just been introduced, John MacGillivray had no qualms about buying a Rollant 540RC for last season, reasoning that Claas has more than 40 years of baler manufacturing experience behind it.   The decision to change his old Rollant 375 for the new 540RC was not…

  • Emilio Braghi Re-elected as Chair of European Aluminium

    Yesterday, European Aluminium’s members have re-elected Emilio Braghi, President Novelis Europe, as Chair of their association at a virtual General Assembly. European Aluminium also welcomed two new members this year, taking the association’s total membership to over 85 membersrepresenting 600 plants in 30 European countries.   “I am grateful to…

  • Dana Recognized with Drivetrain Component of the Year Award for Spicer® TE50 Powershift Transmission at 2020 Diesel Progress Summit

    Dana Incorporated (NYSE: DAN) announced today that it has been awarded the Drivetrain Component of the Year Award for its Spicer® TE50 powershift transmission at the 2020 Diesel Progress Summit and Awards, held last week.   The 2020 Diesel Progress Summit recognizes commercially available drivetrain components used in a conventional…

  • AAM Reports Third Quarter 2020 Financial Results

    American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) today reported its financial results for the third quarter of 2020 and updated its full year 2020 financial outlook.   Third Quarter 2020 Results   Sales of $1.41 billion Net income attributable to AAM of $117.2 million, or 8.3% of sales…

  • Sika Appoints Raffaella Marzi As Member Of Group Management And Proposes Election Of Esther Berrozpe Galindo To The Board Of Directors

    Sika appoints Raffaella Marzi, Corporate Head Human Resources & Compliance, as a new member of the Group Management effective as of November 1, 2020 and recommends Esther Berrozpe Galindo to be elected to the Board of Directors at the next Annual General Meeting, to be held on April 20, 2021.…

  • Thermo King Marine Launches Online Parts Store

    After more than 100 years of being in business “offline,” Thermo King is introducing it’s first ever e-commerce functionality with the Online Parts Store.   The new solution will allow customers and dealers to online order parts for the full range of Thermo King Marine products: SG3000, 4000, 5000, Magnum+…

  • Builders Firstsource Reports Third Quarter 2020 Results

    Builders FirstSource, Inc. (Nasdaq: BLDR) today reported its results for the third quarter ending September 30, 2020.   Third Quarter 2020 Highlights:   Net sales for the quarter increased by 15.9% compared to the prior year period Core organic sales increased 6.7%, excluding acquisitions and commodity impacts Commodity inflation increased…

  • Caterpillar Inc. Partners With SDSM&T To Explore Advancing Technologies In Mining Field

    The partnership between SDSM&T and Caterpillar Inc. with benefit not only the students and industry leaders but also our local economy. South Dakota Mines will help lead Cat® Labs MineStar™ Consortium, which partners university faculty and students with Caterpillar engineers and researchers to help build the future of mining and…

  • Terex MPS Introduce The WJ3042 And WC1150S

    New high-capacity wheeled crushing units for stand-alone use or in combination as a multi-plant system   TEREX MPS have introduced the new WJ3042 and WC1150S high-capacity, all-electric wheeled crushing systems. Designed for quick set up and dismantling and ease of operation, their portability, productivity and efficiency are said to deliver…

  • AGCO Dealer Ron’s Equipment To Acquire Prospect Implement

    According to a report from The Fence Post, single-store AGCO dealer Ron’s Equipment, located in Fort Collins, Colo., has announced it will acquire AGCO dealer Prospect Implement’s single location in Keenesburg, Colo.   Tillie Peart of Ron’s Equipment said, “Combined, Ron’s Equipment and Prospect Implement bring over 120 years of…

  • Strong Q3 Cash Flow For Terex Despite 25.3-Percent Revenue Slide

    Terex Corp. posted $765.6 million in third quarter 2020 revenue compared to $1,024.6 million for the third quarter of 2019, a 25.3-percent decrease. For the first nine months of 2020, revenue was $2,289.7 million compared to $3,468.1 million in the first nine months of 2020, a 34-percent plunge.   Third…

  • FALKEN Tires Selected as an Original Equiptment Supplier for All-New 2021 Nissan Rogue

    Sumitomo Rubber North America, Inc., Sumitomo Rubber Group’s American sales company, has been selected as an official tire supplier for front-wheel-drive models of the redesigned 2021 Nissan Rogue crossover. “Once again, we’re very proud to have been selected as a trusted tire supplier for Nissan’s ever-popular crossover, the Rogue,” stated…

  • Hitachi Rail and Mitsubishi Corporation to Deliver Metro de Panama’s Line 3 worth JPY 92.0 Billion

    Hitachi, Ltd. (Hitachi), Hitachi Rail STS S.p.A. (Hitachi Rail) and Mitsubishi Corporation (MC) have signed approximately JPY 92.0 billion contract with HPH Consortium, the prime contractor for Panama Metro Line 3. Line 3 is a 25 km, elevated double-track monorail system, which will include 14 new stations. Hitachi and Hitachi…

  • Aptiv Reports Third Quarter 2020 Financial Results Strong Year-Over-Year Revenue Growth Solid Operating Performance Despite Challenging Environment

    Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported third quarter 2020 U.S. GAAP earnings of $1.05 per diluted share. Excluding special items, third quarter earnings totaled $1.13 per diluted share. Third Quarter Highlights Include: U.S. GAAP revenue of $3.7 billion,…

  • UK Car Output Down 5% in September as Exports Slump

    UK car manufacturing output fell by 55 in September to 114,732 units – the lowest level for 25 years, according to data released by the SMMT.   The SMMT noted that production for export was down by almost 10% at 87,533 units as companies continued to wrestle with the uncertain…

  • Visteon Announces Third-Quarter 2020 Results

    Net sales of $747 million; 3% increase Y/Y excluding currency Net income of $6 million or $0.21 per diluted share Adjusted net income of $38 million or $1.36 per diluted share, excluding restructuring charges Adjusted EBITDA of $87 million, 11.6% of sales $1.5 billion in new business wins and record…

  • Gestamp’s Q3 Results Improved Versus 2019

    Gestamp, the multinational company specialized in the design, development and manufacture of highly engineered metal components for the automotive industry, has recorded solid Q3 results with an increase in EBITDA and strong free cash flow generation despite continued challenging market conditions.   Performance during Q32020 has been solid across regions…

  • Samsung Electronics Announces Third Quarter 2020 Results

    Samsung Electronics reported today KRW 66.96 trillion in consolidated revenue and KRW 12.35 trillion in operating profit for the third quarter ended September 30, 2020.   Even as the COVID-19 pandemic continues around the world, reopening of key economies led to significant increase in consumer demand. Samsung Electronics was able…

  • Lawson Products Announces Third Quarter 2020 Results

    Click here to read: Lawson Products Announces Third Quarter 2020 Results   https://investor.lawsonproducts.com/news-releases/news-release-details/lawson-products-announces-third-quarter-2020-results

  • Signs of Recovery After COVID-19 Shutdown: Orders Received Increase in the Third Quarter- KUKA

    Following the downturn due to COVID-19, positive developments between July and September. Orders received in third quarter 20.4% higher year-on-year. Book-to-bill ratio at 1.09 (Q3/19: 0.75). CEO Peter Mohnen: “KUKA has performed convincingly despite extremely difficult market conditions, but challenging months lie ahead of us.” Following the economic downturn in the first half…

  • Powering Innovation: World’s First Hybrid Touring Car Championship to Use New Delta Motorsport Intelligent Power-Dense Battery Pack: Vicor

    High-power source density and functionality eliminates vehicle alternator, reducing weight and increasing reliability.   The high-profile British Touring Car Championship (BTCC) has been a tradition since 1958 and is a great spectacle of 30+ highly-engineered road cars battling to win. In 2022 the championship will add a new dimension and…

  • Akzonobel Boosts Powder Coatings Capacity, Shifts To Greener Production

    AkzoNobel reported Sept. 24 that it’s investing €20 million to increase its powder coatings capacity at its plant in Como, Italy, to strengthen its market position and sharpen its focus on greener manufacturing. The added capacity is being installed in a renovated building where powder coatings were originally made, which…

  • Notice Regarding The Completion Schedule On Integration Of Architectural Glass Business In Japan With Central Glass Co., Ltd.

    As announced by AGC Inc. (hereinafter, the “Company”) in the press release entitled “Notice regarding Conclusion of Memorandum of Understanding with Central Glass Co., Ltd. on Integration of Architectural Glass Business in Japan”, the Company has been in discussions with Central Glass Co., Ltd. on integration of their architectural glass…

  • CNH Industrial Acquires A Minority Stake In Zasso Group AG

    CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today that it has completed its acquisition of a minority stake in Zasso Group AG, a global specialist in non-chemical weed and invasive plant management solutions using electrical power.   With this transaction, CNH Industrial is further strengthening the product portfolio…