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Wolffkran enters into joint venture in Saudi Arabia

At the beginning of February, Wolffkran entered into a joint venture with the Zamil Group, one of the largest investment holding companies in the Kingdom, in the Saudi Arabian capital Riyadh.

Luigi Maggioni joins Raimondi Cranes as CEO

Raimondi Cranes, heritage manufacturer of intelligently-designed scalable heavy lifting solutions, announced the appointment of Luigi Maggioni to the role of Group Chief Executive Officer effective immediately.

Luigi Maggioni joins Raimondi Cranes as CEO

Jumpstarts corporate expansion with raft of new initiatives

Terex Powerscreen Pulse wins Innovation of the Year award

The 11th Equipment India Awards 2023 took place on October 12, 2023, at Shangri-La Eros, New Delhi.

Schwing Stetter India wins big at Equipment India Awards 2023

The 11th Equipment India Awards 2023 took place on October 12, 2023, at Shangri-La Eros, New Delhi.

Sany bags three awards in emerging bestseller category

The 11th Equipment India Awards 2023 took place on October 12, 2023, at Shangri-La Eros, New Delhi.

Case Construction bags CSR Company of the Year award

AJAX Engineering bags Green Factory of the Year award

The 11th Equipment India Awards 2023 took place on October 12, 2023, at Shangri-La Eros, New Delhi.

MRF's consolidated net profit for December quarter increased by 17%

Consolidated revenue from operations stood at Rs 56.44 billion.

Jennifer Rumsey named new CEO of Cummins

Jennifer Rumsey has been named President/CEO of Cummins, effective August 1. She replaces CEO Tom Linebarger. Rumsey currently serves as president and COO of the engine maker.

Kubota increases its stake in Escorts

Escorts and Kubota, a global leader in tractor and machinery, have decided to strengthen their partnership in pursuit of their vision of global leadership in Agri Machinery.

Kubota increases its stake in Escorts

This partnership with Kubota will enable Escorts to have access to global best practices and state of the art research & development facilities.

RBI supersedes board of Srei Infra and Srei Equipment Finance

The Reserve Bank of India on October 4 superseded the Board of Directors of Srei Infra and Srei Equipment Finance Limited, owing to governance concerns and defaults by SREI Group Companies.

RBI supersedes board of Srei Infra and Srei Equipment Finance

The central bank of India has appointed Rajneesh Sharma, the former Chief General Manager at Bank of Baroda, as administrator.

Cummins India profit at Rs 171 cr Q1 2021-22

• Total sales for the quarter at Rs 1,167 crore increased by 141% compared to the same quarter last year and declined by 5% compared to the preceding quarter.

Goodyear India income up 131% in Q1FY2022

The total income of the company is Rs 540 crore, up 131% versus the previous year. Goodyear’s profit after tax is Rs 27 crore compared to a loss of Rs 4 crore last year.

SKF declares financial results for Q1 FY22

The Board of Directors of SKF India, India’s leading technology and solutions provider of bearings and units, seals, lubrication, condition monitoring and services, approved the unaudited financial results for the first quarter ended June 30, 2021.

SKF India declares its financial results for Q1 FY22

The revenue from operations of the Company for the period was at Rs 6935.3 million as compared to Rs 3012.4 million in the previous year.

Escorts' standalone profit up by 80.0% to Rs 874.1 cr

Escorts reported standalone profit of Rs 874.1 crore for the year ended March 31, 2021, up by 80.0%, as against a profit of Rs 485.5 crore in the previous year.

Jindal Stainless revenue up 36% YoY

JSHL’s sales volume stood at 182,474 tonnes, up by 23% over the corresponding period last year (CPLY).

Srei receives EoI for capital infusion from Cerberus

The board of directors of Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance held meetings announced that it has further received an expression of interest for capital infusion from Cerberus Global Investments.

Mahindra Logistics appoints Dr Anish Shah as Chairman

Mahindra Logistics (MLL), a leading provider of logistics and people transport services, today announced the appointment of Dr Anish Shah as the Chairman of the Board, effective April 2, 2021.

Mahindra Logistics appoints Dr Anish Shah as Chairman

He is the Deputy Managing Director and Group CFO of Mahindra & Mahindra (M&M) Limited. He is designated to take over as the Managing Director and CEO of M&M from April 2, 2021.

Schaeffler India secures net profit of 7.7%

Hy-Brid Lifts announces new VP of Sales & Marketing

Hy-Brid Lifts, an industry leader in aerial lift equipment, announces Marshall Shaver as vice president of sales and marketing.

Ammann India becomes 100% subsidiary of Ammann Group Switzerland

Ammann Group Switzerland has announced that effective June 19, 2020, Ammann India has become a 100 per cent owned subsidiary of the Group.

The Manitowoc Company announces leadership transition

The Manitowoc Company has announced that Aaron H Ravenscroft, currently the company’s Executive Vice President of Cranes, has been appointed President and CEO

John Deere appoints new President of Construction & Forestry

Deere & Company (DE) elected John Stone as President, Worldwide Construction & Forestry and Power Systems, effective July 1.

Brad Boehler named to Board of Hy-Brid Lifts

Hy-Brid Lifts, the industry leader in high-quality, low-level access equipment, announced the appointment of Brad Boehler to its Board of Directors.

Cummins India announces Q3 results

The Board of Directors of Cummins India announced the unaudited financial results for the quarter and nine months ended December 31, 2019.

Duncan Salt appointed new CEO of WOLFFKRAN

Dr Peter Schiefer handed over his position as CEO in WOLFFKRAN to Duncan Salt, the former Head of Sales and Service.

Harsha Kadam appointed Schaeffler India Managing Director

Schaeffler India announced the appointment of Harsha Kadam as Managing Director of the company for a period of five years.

Srei to continue its focus on equipment finance

Srei Infrastructure Finance and its wholly-owned subsidiary Srei Equipment Finance has consolidated the lending business of Srei Infrastructure Finance and Srei Equipment Finance into one entity since the focus for last four years has been on growing equipment financing and reducing the infrastructure loan portfolio.

DSC Dredge appoints Christina Bolling as VP and CAO

Christina Bolling was named Vice President and Chief Administrative Officer (CAO) of DSC Dredge, LLC. She was promoted after serving five years as DSC Dredge Corporate Human Resources Director where she has fostered an integrated culture throughout DSC headquarters and two production facilities in Greenbush, Michigan and Poplarville, Mississippi

Marching Towards Century

LiuGong celebrated 60 years of successful presence in the global market and completed production of 400,000 units of loaders in November 2018.

Srei to augment infra and equipment finance businesses

Srei Infrastructure Finance announced its decision to augment the capital of both its infrastructure finance and equipment finance businesses, which will facilitate the businesses in maintaining and strengthening their current leadership positions further.

EXPANDING HORIZONS

Balkrishna Industries (BKT) is the market leader with the augmenting sales and volume growth in the mining tyres segment. The segment shows robust growth potential, given the company's new product launches and network expansions through tie-ups with mining service providers.

AUMUND F?rdertechnik appoints new MD

Dr.-Ing. Pietro de Michieli as its new Managing Director, to focus on equipment sales, spare parts, after sales service and PREMAS? 4.0, at the AUMUND headquarters in Rheinberg, Germany.

VECV to set up new production facility

Commemorating the completion of 10 successful years of partnership between the Volvo Group and Eicher Motors, VE Commercial Vehicles (VECV) announced plans to set up a new greenfield truck manufacturing plant at Bhopal.

Srinivasan Venkatakrishnan takes charge as CEO of Vedanta

Vedanta Resources Plc (Vedanta) announced the appointment of Srinivasan Venkatakrishnan as the Chief Executive Officer (CEO) of the company with effect from August 31, 2018. He has also joined the company?s Board of Directors.

Escorts appoints Nikhil Nanda as new CMD

The Board of Directors of Escorts Limited appointed Nikhil Nanda as the Chairman and Managing Director (CMD) of the company.

Nugent Sand Company orders new DSC Dredge Marlin Class electric dredge

The Louisville, KY-based Nugent Sand Company has placed order for a new Marlin Class electric dredge with DSC Dredge, LLC.

New solutions in road construction

The focus of this year's Road Technology Days held by the Wirtgen, V?gele and HAMM brands was on synergies, 3D applications and networked job site processes. The climax of the event was the live machine demonstrations.

BorgWarner appoints new CEO

The BorgWarner Board of Directors announced the appointment of Frederic Lissalde as President and Chief Executive Officer effective August 1, 2018, at which time he will also join the Board of Directors.

Vedanta Resources appoints new CEO

Vedanta Resources plc (Vedanta) has announced the appointment of Srinivasan Venkatakrishnan (Venkat) as Chief Executive Officer (CEO) and a member of the Board of Directors, effective August 31, 2018. He succeeds Kuldip Kaura, the current Interim CEO.

SCCL to expand Telangana power plant

Singareni Collieries Company Ltd (SCCL) awarded a Rs 5,817-crore contract to BHEL for the expansion of its 1,200-MW coal-fired thermal power plant at Jaipur in Mancherial district of Telangana, proposing an additional unit of 800 MW. The Board of Directors of SCCL met recently, approved the expansion plan.

Schaeffler merges Indian entities

The Board of Directors of Schaeffler India Ltd (formerly FAG Bearings India Ltd), INA Bearings India Pvt Ltd (INA India) and LuK India Pvt Ltd (LuK India), at their respective meetings held recently, approved the draft Scheme of Amalgamation for the merger of INA India and LuK India into Schaeffler India Ltd.

Kennametal Board appoints new CEO, Executive Chairman

Kennametal Inc announced the appointment of Christopher (Chris) Rossi as President and Chief Executive Officer (CEO) and has named him a Director. Chris succeeds Ron De Feo whom the board has appointed Executive Chairman of the board. Both appointments are effective August 1, 2017.

Deere to acquire Wirtgen Group

In an all-cash transaction deal, Deere & Company has signed a definitive agreement to acquire the Wirtgen Group, a worldwide leading manufacturer of road construction equipment. The total transaction value is approximately ? 4.6 billion ($ 5.2 billion based on current exchange rates), including the assumption of net debt and other consideration.

TCIEXPRESS?s PAT grows at 56%

The Board of Directors of TCIEXPRESS, a specialist and leader in express distribution in India, in its meeting held recently, has taken on record the Financial Results FY2016-17 ended March 31, 2017. For the quarter, net revenues increased robustly by 15 per cent to Rs 203.12 crore.

Caterpillar to set up global headquarters in Chicago

Caterpillar announced it will locate a limited group of senior executives and support functions in the Chicago area later this year and reaffirmed the ongoing importance of its presence in Peoria and Central Illinois.

Caterpillar to set up global headquarters in Chicago

Caterpillar Inc announced it will locate a limited group of senior executives and support functions in the Chicago area later this year and reaffirmed the ongoing importance of its presence in Peoria and Central Illinois.

Atlas Copco plans to divest road construction equipment business

The Board of Directors of Atlas Copco AB has decided to divest the Road Construction Equipment division. With the divestment, Atlas Copco aims to find a better owner for the business. The Road Construction Equipment division, part of the Construction Technique business area, manufactures rollers for asphalt and soil applications, planers and pavers

New responsibilities

Messe M?nchen has appointed Bhupinder Singh as its new CEO for its subsidiary, Messe M?nchen India. The experienced exhibition professional took over as CEO from May 2016 onwards, along with the COO and joint Member of the Management Board of MMI India Pvt Ltd, Igor Palka, both reporting to the Board of Directors of the company.

Joy Global, Komatsu America Corp to merge

Joy Global Inc, a worldwide leader in high-productivity mining solutions, announced that its Board of Directors has unanimously approved a definitive merger agreement under which Komatsu America Corp, a subsidiary of Komatsu Ltd , will acquire Joy Global in a transaction valued at approximately $3.7 billion, including Joy Global?s outstanding indebtedness.

Bauma 2016 - the biggest trade show on earth

Bauma 2016 - the biggest trade show on earth - spread across over 608,503 sq m (1.5 lakh acres) exceeded expectations this year with a participation of 3,423 exhibitors from 58 countries and the presence of about 580,000 visitors from 200 countries.

Terex appoints new CEO

Terex Corporation named John L. Garrison, Jr. Chief Executive Officer and President effective November 2, 2015. He will also become a member of the Terex Board of Directors effective November 2, 2015.

New President at LeeBoy India

Amarnath Ramachandran has been appointed President of LeeBoy India Construction Equipment. ?As the LeeBoy Group looks at expanding its global reach and presence, the Indian sub-continent plays a critical role as a hub for the markets of Africa, Middle-east and Asia,? said Kelly Majeskie, President, LeeBoy Group.

UNACEA gets new President

Paolo Venturi (Ihimer) has been elected as the President of UNACEA, the Italian construction equipment association. Giampiero Biglia (CNH Industrial) and Davide Cipolla (Cifa) are the Vice Presidents.

New MD at Linde India

Linde India has appointed Moloy Banerjee as Managing Director of the company and a member of its board of directors effective July 2013. Banerjee will succeed Srikumar Menon who stepped down as managing director in July. Menon will continue as Linde Group's managing director

Bauma Breaks Records

A record 530,000 visitors from over 200 countries converged on the Messe Mnnchen exhibition centre between April 15 and 21. This, the 30th edition of bauma, broke all previous records for exhibitor numbers and exhibition space.

Aditya Birla stops operation at Aussie mine

Citing unsustainable operational cost, Aditya Birla Minerals stopped operation at its 20,000-tonne-a-year copper concentrate producing mine at Mt Gordon in Queensland, Australia. The profitability of the company?s operations has been adversely hit by the unacceptably high unit operating cost per pound of copper produced at the mine

Aditya Birla stops operation at Aussie mine

John Kay named IEEE Fellow

John Kay, senior product specialist for Rockwell Automation, Medium Voltage Business, Cambridge, Ontario, has been named an IEEE (Institute of Electrical and Electronics Engineers) Fellow.

Hypertherm names new President

Hypertherm announced that Vice-President and General Manager Evan Smith will immediately assume the role of President from Hypertherm Founder and CEO, Dick Couch. Couch will remain as CEO of Hypertherm and will continue to chair Hypertherm?s board of directors.

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