Hitachi Construction Machinery is under new controlling ownership following Hitachi’s sale of 26% of its holding – valued at $1.6 billion – to Japanese trading company Itochu and private equity firm Japan International Partners. Continue reading “Hitachi sells controlling share of construction equipment business”
Manitou Group, a global supplier of material handling equipment, access platforms and earth-moving machinery, announced that it will cease operations at its Waco, Texas, manufacturing facility at the end of March 2021. The move is intended to further optimize Manitou’s production capacities within the Continue reading “Manitou to close plant in Texas, US”
Crane manufacturer Tadano Group has started a programme to restructure its Tadano Demag and Tadano Faun operations in Germany.
Consultations between Tadano Ltd, Tadano Demag, Tadano Faun and professional advisors led to the filing for Protective Shield Proceedings (Schutzschirmverfahren) in Germany. Continue reading “Tadano initiates restructuring”
Wirtgen group company Joseph Vögele is restructuring its range of road pavers and screeds, dividing its range into two categories – the Premium Line and the Classic Line.
The company will also be subdividing its products into up to five classes within those lines.
The new Classic Line is for pavers equipped with the ErgoBasic operating concept, which Vögele said was “extremely easy-to-use”. Continue reading “Vögele re-categorises range”
15 December 2017 @KHL.com
Kobelco Construction Machinery (KCM) and Kobelco Cranes are set to merge in Europe as part of a global reorganisation that followed the consolidation of KCM with Kobelco Cranes Co in 2016.
As part of this, KCM will implement a reorganisation of the business structure in Europe with the aim of improving efficiency, strengthening product development capabilities and using management resources effectively. Continue reading “Kobelco merges cranes and machinery”