Author
Kaman, WIC form strategic alliance
Kaman Industrial Technologies Corp. and Wajax Industrial Components (WIC) have formed an alliance to strengthen the services offered to customers in the United States, Canada, Mexico and Puerto Rico. While Kaman and WIC will each remain separate and independent entities, they are joining together to compete for business-to-business and supply agreements with customers in multiple jurisdictions, providing an alternative to country-based supply agreements. The alliance will operate under the name Sourcepoint Industrial. “Historically, customers looking for a [North American] supplier of power transmission and motion control products have had a limited choice” says Steve Smidler, Kaman’s President. “This alliance gives customers an alternative, and an opportunity to benefit from both companies’ value propositions.” Under the alliance, North American customers can expect access to a large portfolio of products, services and technical expertise. “We’re expecting more and more customers to make purchasing decisions on a global or international basis,” says Mark Foote, Wajax Corp.'s president and CEO. “Whereas Wajax is very good at satisfying a customer’s Canadian needs, and Kaman is… Keep Reading
Belt Tech Industrial named Major Wire dealer
Major Wire Industries named Belt Tech Industrial as its new screen media dealer for aggregate operations in northern Alabama, northern Mississippi and western Tennessee. The dealership will offer all of Major Wire’s screen media products and services. Keep Reading
Screen manufacturer names vice president
Smico and Symons Screens recently named Alan Odgers vice president. Odgers has experience with global distribution of construction-related equipment and managing sales, marketing, manufacturing and retail distribution through dealers or direct sales. Odgers began his career with Charles Machine Works in 1987 and rose through a variety of management roles at Timberjack, Vermeer, Astec Underground and JW Jones Co. before joining Smico and Symons Screens. Keep Reading
Hall of Fame inaugural class announced
Pit & Quarry's inaugural class of Hall of Fame inductees will be honored at a black-tie induction ceremony and dinner Sunday, March 17, at 7 p.m. CDT. The event follows the NSSGA Chairman's Reception at the Grand Hyatt San Antonio, during AGG1. The seven inductees, detailed below in alphabetical order, were selected by a group of peers from a pool of nominees submitted by industry experts and you, our readers. For more information on tickets to the black-tie induction ceremony and dinner in the Lone Star AB ballroom, click here. Emil Deister, Deister Machine Co. Emil Deister, the founder of Deister Machine Co., served as the company's president and general manager from 1912 until his death in 1961. Under Deister's leadership, the company began manufacturing vibrating screens in 1926 for the separation of materials according to particle size. Seven years later, Deister introduced a special screen for sizing the aggregate used in hot-mix asphalt plants, and the company subsequently added vibrating feeders and foundry equipment. LeRoy Hagenbuch, Philippi-Hagenbuch LeRoy Hagenbuch,… Keep Reading
Tar Heel Machinery named dealer for Sany America
Sany America has named Tar Heel Machinery its excavator dealer in North Carolina. Penn McMichael and Scott Woody founded Tar Heel Machinery in 2005. The dealer has locations in Charlotte, Raleigh and Reidsville, N.C., renting and servicing heavy equipment such as excavators, articulated haulers, crawler carriers, wheel loaders and crawler dozers. Sany America’s excavator offerings include the 7.5-ton Sy75c, the 13.5-ton Sy135c, the 21.5-ton Sy215c and the 23.5-ton Sy235c. The company says additional models will be introduced in North America in the coming year. Keep Reading
State of the Union takeaways
A comprehensive, well-funded, multi-year federal surface transportation program that gives aggregate producers the confidence to make long-term investments continues to elude the industry. But President Obama introduced an alternative surface transportation solution Tuesday night during his State of the Union address, proposing a "Fix-It-First" program that he says would put people back to work on the country's tens of thousands of structurally deficient bridges. In this proposal, Obama says taxpayers would not shoulder the entire burden. Instead, Obama seeks federal partnerships with private capital to fund improvements in U.S. infrastructure. Obama did not provide any additional details on "Fix-It-First" during his State of the Union, but he did reference comments from Siemens USA CEO Eric Spiegel, who said that if the U.S. upgrades its infrastructure, more jobs will be created. "Ask any CEO where they'd rather locate and hire, a country with deteriorating roads and bridges or one with high-speed rail and Internet, high-tech schools, self-healing power grids," Obama said Tuesday night. Göran Lindgren, the head of Volvo Construction Equipment’s… Keep Reading
Terex MPS facility unaffected by Roadbuilding sale
The recent announcement of certain Terex Roadbuilding product lines being sold to Fayat, and changes in the Roadbuilding line manufactured in Oklahoma City will not affect the Terex Minerals Processing Systems (MPS) products built there. The Oklahoma City plant remains a Terex facility and is not included in the Fayat transaction. Terex MPS includes a range of crushing equipment and wheeled plants that originally joined the Terex portfolio as part of the Cedarapids acquisition in 1999. These products have been fully integrated into the comprehensive MPS product line, and have been manufactured at the Terex facility in Oklahoma City for more than 2 1/2 years. The former Cedarapids businesses have been managed separately for several years, with crushing and screening equipment as part of the Terex Materials Processing segment, while Roadbuilding products have been part of the Terex Construction segment. Terex MPS will continue to build jaw crushers, cone crushers, impactors and wheeled plants in Oklahoma City, along with screens, feeders and vertical shaft impact crushers in Durand, Mich. Other… Keep Reading
Vulcan’s profitability increases despite fewer shipments
Vulcan Materials Co. released its fourth-quarter statement Thursday, highlighting fourth-quarter earnings of $90 million before interest, taxes, depreciation and amortization (EBITDA), as well as a gross profit increase of $5 million. Including gains on the sale of real estate and businesses, restructuring charges and exchange offer costs, Vulcan's fourth-quarter EBITDA was $137 million. The company's aggregates segment gross profit increase $2 million from the prior year's fourth quarter, and gross profit margin expanded partly due to a 4 percent increase in pricing and despite a 3 percent decline in aggregates shipments. According to Vulcan, aggregates shipments in Arizona, Florida, North Carolina and Texas showed strength, as each increased more than 10 percent versus the prior year. Shipments in California, Georgia and the Midwest were lower, the company says, due in part to fewer large projects than the previous year. "Demand for aggregates in our markets is expected to grow by mid-single digits in 2013," says Don James, Vulcan chairman and CEO. "Aggregates demand from residential construction is expected to increase… Keep Reading
Brennan Industries expands capabilities in Canada
Hydraulic fittings and adapters supplier Brennan Industries Inc. has moved into a new distribution facility in Mississauga, Ontario. "By moving to a more efficient facility, Brennan will be able to streamline the distribution process and serve its customers in Canada even better," says David Carr, Brennan Industries president. Keep Reading
