Kevin Yanik
Construction spending at highest level in 36 months
Construction spending in June rose to a 2 ½-year high as double-digit percentage increases in private residential and nonresidential construction offset an ongoing downturn in public construction, according to an analysis of new federal data released by the Associated General… Keep Reading
GE Mining acquires underground mine vehicles manufacturer
GE Mining has acquired Fairchild International, an underground mine vehicles manufacturer based in Glen Lyn, Va. The new business name for the entity acquired is GE-Fairchild LLC. GE-Fairchild will employ about 140 people and manufacture equipment like diesel- and battery-powered… Keep Reading
Caterpillar selling part of Bucyrus distribution business
Caterpillar Global Mining LLC and Hewitt Equipment Ltd. have signed an agreement for Hewitt and its subsidiary, Atlantic Tractors & Equipment Ltd., to acquire Caterpillar’s Bucyrus equipment distribution and support business in Quebec, Western Labrador and the Maritimes. Hewitt Equipment… Keep Reading
Vulcan Materials releases second-quarter earnings summary
Vulcan Materials Co. shared its second-quarter earnings summary last week, announcing that its aggregates segment gross profit improved 9 percent due to increased productivity and cost-reduction initiatives. Vulcan’s aggregates shipments increased slightly on a same-store basis from the prior year… Keep Reading
Martin Marietta shares second-quarter results
Martin Marietta Materials Inc. released its second-quarter results today, noting that its heritage aggregates business-operating margin expanded 150 basis points and that the company’s specialty products group posted record second-quarter net sales. “Our second-quarter results once again reflect the powerful… Keep Reading
McLanahan introduces filter press line
McLanahan Corp. has launched its first line of filter presses, eliminating the need for slurry ponds and a full-time operator. McLanahan says the presses produce dry cakes and use fewer chemicals. The filter press technology treats the underflow of a… Keep Reading
Our too-quick-to-react society
The Penn State scandal was once again a topic of discussion this week, with the Joe Paterno statue removed from outside the football stadium and the NCAA imposing a $60 million fine on the university, among other measures, for its… Keep Reading
International Equipment Solutions acquires CWS Industries
International Equipment Solutions LLC made its fourth acquisition since its formation last September in CWS Industries Corp., an attachment product manufacturer focused on tire manipulators, cable reelers, grapples buckets and a variety of excavator attachment products. IES was formed as… Keep Reading
Deister names exclusive equipment rep for three states
Deister Machine Co. Inc. has appointed Process Machinery Inc. as its exclusive equipment dealer and turnkey systems provider for Indiana, Kentucky and the Ohio region south of I-70. Among Process Machinery’s services are new and used equipment, parts and service… Keep Reading
