Month: July 2023

  • Alcoa Corporation Reports Second Quarter 2023 Results

    Alcoa Corporation reported second quarter 2023 results that included higher sequential revenue as increased shipments outweighed lower average realized pricing. Second Quarter Generated revenue of $2.68 billion Posted Net loss attributable to Alcoa of $102 million, or $0.57 per share, an improvement of 56 percent sequentially Recorded Adjusted EBITDA excluding…

  • CNH Industrial Opens New Plant

    CNH Industrial opened its new plant in Cesena, Italy. The production site is dedicated to mini-excavators and mini track loaders, including electric models. In the second half of the year, production of the first mini track loaders under the Case Construction Equipment brand will commence. Further to its acquisition of…

  • Volvo CE Continue Renewable Energy Shift

    Company partners with LS Electric to install solar panels at its Changwon facility in South Korea VOLVO Construction Equipment have signed a purchase agreement with power provider LE Electric for the implementation of solar panels and a Factory Energy Management Solution (FEMS) at their Changwon facility in South Korea. Volvo…

  • John Deere Adds 85 P-Tier & 510 P-Tier Excavators To Lineup

    On the horizon are the excavators of the next generation from John Deere. The next new machines will be owned, created, and manufactured by John Deere following the termination of the partnership between Hitachi and John Deere. The 85 P-Tier and the 510 P-Tier are the most recent models that…

  • Bobcat Showcases Full Range Of Ground Maintenance Equipment At Demopark 2023

    Bobcat is showcasing the company’s new Ground Maintenance Equipment (GME) range including zero-turn mowers and small articulated and mini track loaders on the company’s Stand C-327 at Demopark 2023. The Demopark trade fair is Europe’s largest outdoor exhibition for the green sector, taking place in Hörselberg, Germany, from 18th to…

  • Hilti Plans Acquisition Of 4ps Group To Expand Its Software Portfolio

    The Hilti Group is taking the next strategic step to further expand its software business and plans to acquire 4PS Group, which specializes in providing business management (ERP) solutions for the construction industry. Together, Hilti and the 4PS Group can strengthen their position to drive the digital transformation of the…

  • InterGen Awards Contract To GE Vernova Aiming To Boost Power And Efficiency At Coryton Power Plant in the UK

    Continuing to keep customers’ gas turbine fleets competitive in the UK’s energy marketplace, GE Vernova’ Gas Power business announced an order from InterGen, one of the largest independent power producers in the United Kingdom, for two High Efficiency (HE) upgrades to modernize the Coryton Power Plant. The 800 megawatt (MW)…

  • Atlas Copco Expands Its Portfolio Of Energy Storage Systems To Transform The Portable Power Supply Sector

    Atlas Copco Power and Flow has launched five new models of its industry-leading lithium-ion Energy Storage Systems (ESS). The new units take modular energy storage to a new level, expanding the spectrum of suitable applications, and providing customers with increased options for power. The state-of-the-art systems, which have been designed…

  • Major OEM Opens New Business Entity To Expand Growth In Asia

    HD Hyundai Infracore has opened a new business entity (Hyundai Infracore Asia) and Parts Distribution Center (PDC) in Indonesia as it looks to expand growth in the Asian market with its new construction equipment brand, Develon. The company says that the move provides an opportunity for HDI to widen its…

  • AGC And Helexia Implement One Of The Largest Rooftop Photovoltaic Self-Consumption Plants In Spain

    AGC Flat Glass Ibérica, in collaboration with Helexia España, announces the commissioning of a 4,600 kilowatts photovoltaic plant for self-consumption on an industrial site at the Port of Sagunto (Valencia). The plant has 8,800 photovoltaic modules covering 48,400 square meters of the rooftop, the equivalent of 10 football fields. With…

  • Terex Brand Expands Into New Equipment Market

    Trommel and conveyor manufacturer MDS – a subsidiary brand of Terex – has expanded into the South African constructionand demolition waste, aggregates and quarrying sectors, with the appointment of its first distributor in the country. Ireland-based MDS has named ELB Equipment as its official equipment dealer for South Africa, describing…

  • GE Vernova’s Solar & Storage Solutions business and Fortune Electric sign MoU to supply Battery Energy Storage System solutions in Taiwan

    GE Vernova’s Solar & Storage Solutions business announced it has signed a Memorandum of Understanding (MoU) with Fortune Electric to manufacture its Battery Energy Storage Solutions (BESS) in Taiwan. This agreement supports GE Vernova’s introduction of its energy storage portfolio in Taiwan, which will enable reliable, affordable, and dispatchable integration…

  • Capital Power Secures 1 GW Supply of Responsibly Produced, Ultra-Low Carbon First Solar Modules

    First Solar, Inc. and Capital Power Corporation announced that Capital Power has secured its first order for approximately 1 gigawatt (GWDC) of responsibly produced, ultra-low carbon thin film solar modules. The Series 6 Plus modules, which will be delivered between 2026 and 2028, will support Capital Power’s growing development portfolio.…

  • Wheeled Excavator Landmark For Caterpillar

    Caterpillar has announced the production of its 50,000th wheeled excavator, specifically the Cat M318 Next Gen model. According to the OEM, 25,000 of these units have been produced in just 11 years. Caterpillar says that, initially, its wheeled excavators gained traction in Europe and South Korea. However, due to its…

  • EGO Announces New Partnership With John Deere

    EGO Announces New Partnership with John Deere to Drive Innovation in the Outdoor Power Equipment (OPE) Industry Chervon Holdings Limited recently announced a strategic agreement with John Deere. This enables EGO branded battery products to be sold through John Deere dealers, and both parties will also collaborate on developing new…

  • Kverneland Exacta CL Spreader Gains In Accuracy

    Kverneland has updated its Exacta twin-disc narrow-frame models. Known as the CL W PRO, the latest machine slots into the range below the CL Geospread version, replacing the single-weigh-cell CL EW model. The company claims that the Pro specification brings more accuracy and precision over the model it replaces thanks…

  • Veka Group Commits To Net Zero Target By 2045

    The VEKA Group with its two system providers VEKA and GEALAN has set itself the clear goal of climate neutrality. By 2045, the group of companies based in Sendenhorst, aims to operate in a climate-neutral manner across the entire value chain at all locations and across all scopes. The economic…

  • Atlas Copco Has Acquired German Developer Of Augmented Reality Solutions

    Atlas Copco has acquired Extend3D GmbH, a company that develops and produces augmented reality worker guidance for industry customers, using laser and video projection. The company has 16 employees. It was founded in 2010, and is based in Munich, Germany. In 2022, the company had revenues of approximately 3 MEUR…

  • MEWP Rental Markets Rocket, But Uncertainty Clouds Outlook

    In 2022, both the European and US mobile elevating work platform (MEWP) rental markets boomed to exceed pre-pandemic levels – though some key indicators such as rental and utilisation rates have yet to return to levels seen in 2019. Uncertainty around high inflation and the ongoing conflict in Ukraine cloud…

  • Manitou Opens New Loading Centre In France

    Manitou Group has anounced a new loading dock facility dedicated to the final inspection of its machines. The faclility is for equipment produced at its central Ancenis plant, which incorporates 1,300 square metres of solar panel roof covering and employs almost 30 people, where more than 50 machines are shipped…

  • Wärtsilä To Convert Some Stena Line Ferries To Methanol

    Technology group Wärtsilä has been contracted by Swedish ferry operator Stena Line to carry out and convert some of its vessels to operate with methanol fuel. The conversions will include the fuel supply system and engine modifications, as well as integrating the new installations with the ships’ existing systems. The…

  • Saint-Gobain Divests Its Glass Processing Business In Portugal

    https://www.saint-gobain.com/sites/saint-gobain.com/files/media/document/20230703_Glassolutions%20Portugal_VA.pdf

  • Komatsu’s 980E-5SE Ultra-Class Electric Drive Mining Truck Offers The Highest-In-Class Horsepower Available

    The economics of surface mining require the highest production at the lowest lifetime cost per tonne (CPT). By combining outstanding build quality with multiple features designed to improve fuel efficiency and reduce downtime, the 4400-HP Komatsu 980E-5SE electric drive mining truck offers increased speed on grade in deep pit applications.…

  • Battery Materials Meet Recycling: BASF Is The First Company To Establish A Co-Located Battery Materials And Recycling Center And Close The Loop In The European Battery Value Chain

    Inauguration of first state-of-the-art high-performance cathode active materials production plant in Germany   Kick off for world-class battery recycling plant to produce black mass in Europe in the most sustainable way Proprietary production technologies will allow significantly reduced carbon footprint for cathode active materials Together with customers, politicians and partners, BASF…