National Geographic - Tools of the Trade: Demolition
Full Episode | 44:48
Demo crews unleash every weapon as they tear down Busch Stadium so a new ballpark can be built, with less than 90 days to do it.
This video showcases a Komatsu 400, 600, and other cool equipment. The cranes are crazy. Check it out.
Its in HD, so I hope you have high speed.
http://www.hulu.com/hd/29283
RUSSIA
Deere Announces Major Investment In Russia (English)
MOSCOW, Russia (April 2, 2008) – Deere & Company today announced plans to significantly expand its presence in Russia, one of the most important growth markets of the company in both agriculture and forestry.
Deere said it has signed an agreement with the Russian government and local authorities to invest approximately $80 million in a central operations center which includes a distribution, replacement parts and training facility in the Kaluga region, 38 miles southwest of Moscow.
“We believe this is one of the largest single investment projects of a non-Russian farm and forestry equipment manufacturer in Russia,” said Robert W. Lane, Deere & Company chairman and chief executive officer. “Our strategic investment reflects Deere’s confidence in the Russian and other Commonwealth of Independent States (CIS) markets. It also recognizes the commitment of our dedicated Russian employees and the support of the Russian government and local authorities.”
In its initial stage, the new 98-acre facility in the Kaluga region will accommodate a 322,000-square-foot replacement parts distribution center, a training facility for dealer personnel, including a product demonstration site, and a whole goods distribution facility.
“The site will leave room for further expansion potential as our business in Russia continues to grow,” said Mark von Pentz, president of Deere’s Agriculture Division for Europe, Africa and South America. “This new center, which will be operational in 2010, marks a growing commitment to this important region. As an interim step for further investments, it also contains a provision for local assembly and manufacturing at a later stage.”
TRINIDAD & TOBAGO
Smelter equipment coming
EQUIPMENT IS on the way to Trinidad from China for the construction of the country’s first aluminum smelter plant, the Alutrint Smelter.
Prime Minister, Patrick Manning made the announcement Friday night at the gala commissioning of the 428-room Hyatt Regency Trinidad, Port-of-Spain. Manning also announced that construction on the country’s second iron and steel complex is slated to commence by August.
Manning said, “We will initiate construction of our first aluminum smelter...in fact equipment is now on the water from China.”
In quick succession, the Prime Minister listed a string of development plans, including the new port in the capital city which he said has attracted bidders from around the globe and is to be completed in three years, a $25 billion transportation highway upgrade over the next eight years, the ongoing construction of the Performing Arts Academies, Govern-ment Campus and the establishment of the country’s first national philharmonic orchestra, in tandem with plans for performance arts.
USA
Design Contracts Awarded for Heavy Construction Equipment Manufacturing Plant in Georgia, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- China's Sany Heavy Industrial Company has selected architectural and engineering firms to design the $30 million first phase of a new heavy construction equipment manufacturing plant to be built in Peachtree City, Georgia.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=130789, or browse other breaking industrial news stories at www.industrialinfo.com.
Squash The Caterpillar
Komatsu is a smaller rival in a global battle, but it is leaving big tracks in China.
Kunio Noji, chief executive of construction and mining equipment maker Komatsu, smiles at the suggestion that he, from his shabby corporate headquarters in Tokyo, has more insight into the health of China's economy than its rulers in Beijing. "I don't know, perhaps we do," he shrugs. Noji's peek into China comes from 23,000 heavy-duty vehicles spread across the nation's vastness, each fitted with an antenna that via satellite link tells Komatsu where it is and what it's doing. Globally, 90,000 machines feed the same data to the Japanese company. Introduced to tackle machine theft, it has helped turn Komatsu into the biggest foreign supplier of excavators and dump trucks to China's booming construction and mining companies.
Not even Caterpillar (nyse: CAT - news - people ), with nearly triple Komatsu's $16.1 billion revenues, can match its better-performing Japanese competitor in a market that Noji reckons is ballooning by 50% a year for his company. "Caterpillar is suffering because of being centered in the U.S.," he says. Cat's home market accounts for better than 40% of its sales, versus only a fifth in long-dormant Japan for Komatsu.
Heavy equipment companies take refuge in overseas markets
CHAMPAIGN, Ill. (AP) - Caterpillar, Deere and other companies that make heavy equipment are enjoying some of their best financial results in years -- and doing it as the American economy grinds toward recession.
The companies are enjoying the building booms going on in China, India, Russia and the Middle East. In those places, the demand for backhoes, cranes and tractors is on the rise.
Peoria-based Caterpillar, for instance, recently reported a 13 percent increase in profits despite an eleven percent drop in North American sales.
Sun, surf and heavy equipment
Cities concerned as renourishment is slated for Strand's peak tourist season
Myrtle Beach and North Myrtle Beach officials are concerned about the timing of beach renourishment work, now scheduled to begin July 5 in North Myrtle Beach - peak tourist season.
City managers would rather see work begin in September along the Grand Strand because, they say, the beaches are a key part of the area's identity and a vital component of the tourism economy.
They have requested a meeting or phone call with the U.S. Army Corps of Engineers to see about changing the schedule, officials said.
Enhancing Construction Equipment Security - Travelers Inland and Celevoke Announce Risk
HARTFORD, Conn. - (Business Wire) Travelers (NYSE: TRV) Inland and its Risk Control unit announced today that it has developed an innovative initiative with Celevoke, Inc. that will allow Travelers customers the ability to purchase Celevoke’s LunarEYE Wireless Asset Tracking and Control systems at a discount. Recognizing that stolen equipment causes costly delays and increased losses, Travelers Inland is pleased to be working with Celevoke to help reduce the likelihood and severity of losses for Travelers’ insureds. Increased security measures, such as asset tracking, protect the insureds’ significant investment in construction and other heavy equipment key to their operations.
Auburn to invest in heavy equipment
The city is looking to go shopping for some heavy equipment.The Auburn City Council will hear a report Thursday during a work session meeting about the public works department's need for some large pieces of machinery. According to a proposed ordinance, city officials want to purchase a front-end loader, a hydraulic back hoe, a compactor, two truck chassis and packers at a maximum cost of $1.2 million.
The meeting, which will not include a time for the public to be heard, will take place at 6 p.m. in Auburn City Hall's council chambers, 24 South St.
The cost of the machinery would be financed by serial bonds. Councilors will hear Thursday the first reading of the ordinance that would authorize the city to issue the bonds.
New range of skid steer loaders from CASE Construction Equipment
CASE Construction Equipment’s new 400 series 3 line of skid steer loaders, feature more powerful engines, a redesigned cab and improved serviceability.
The eight-model series is powered by clean burning, Tier III certified turbocharged engines that provide increased horsepower, improved torque and enhanced performance across the line.
Kootenai County's Mfg/Construction Career Day April 15
Hundreds of middle school and high school students are signed up for Kootenai County's first-ever Manufacturing and Construction Career Day on April 15 at the county fairgrounds.
Dubbed "Hard Hats, Hammers and Hot Dogs," the event will give young people first-hand information on the many skills and crafts in the manufacturing and construction sectors.
After orientation and under supervision, they will be able to operate heavy equipment if they choose and try their hand at any one of many trades from brick laying and welding to surveying and trim carpentry.
USA
Local and state authorities investigating stolen heavy equipment in Warren County
WARRENTON, Ga. - An ongoing criminal investigation by agents with the Georgia Bureau of Investigation and deputies with the Warren County Sheriff's Department has led this week to the recovery of more than $500,000 worth of stolen heavy construction equipment.
Although no one has been charged in connection with the theft case, which involves Warren and Glascock counties in Georgia and at least three counties in South Carolina, a local man and his business have become targets of the probe, The McDuffie Mirror has learned.
Enough! To Dirt And Heavy Equipment On Union Street
BAY ST. LOUIS (WLOX) -- Marsha Favre and her neighbors say they've put up with dust and the rumble of heavy construction equipment long enough.
"It's vibrating our houses. These houses are on the historic register. The dirt and dust from it, the vibration is what I'm really concerned about," Favre said. "These old houses here are up on pier foundations. We've just finished restoring them after hurricane Katrina."
Eutaw Construction , the company doing infrastructure work for the city has leased land from a property owner to stock-pile dirt for the gas, sewer and water replacement project.
Hollis approves heavy equipment leases
HOLLIS, NH — Yankee thrift gave way to modern financial analysis as town meeting voters decided to buy seven pieces of heavy equipment using a lease-purchase plan.
But it took nearly two hours of discussion Wednesday night for voters to agree with selectmen that the equipment — two fire trucks, a forestry truck, a dump truck, a backhoe, an excavator and a skid steer — should be paid for through a lease-purchase agreement instead of traditional capital reserve funds.
Townspeople also approved money for another police officer and mobile data terminals for police cruisers, as well as for downtown sidewalks and modifications to elderly tax exemptions that will give qualifying residents more tax relief.
But it was the heavy equipment purchases amounting to about $1.3 million, and especially how to pay for them, that took up the bulk of the five-hour meeting.
Ramey Pleads Guilty In Theft Of Heavy Equipment
CHATTANOOGA, TN - A man who authorities say was at the center of an organized vehicle theft ring entered guilty pleas in Federal Court on Thursday.
Prosecutor Gary Humble said Dale Ramey, 49, faces up to 10 years in prison and a fine up to $250,000.
He said in 2004 Ramey, who is from Catoosa County, Ga., was found with several stolen pieces of heavy equipment.
Ramey has been free on bond since his arrest, but he was taken back into custody after a hearing before Magistrate Bill Carter.
Joseph Brent Starnes of the probation office said Ramey has been uncooperative with his North Georgia probation officer, including failing to find a job and lying to her by saying he has been working with the FBI.
Deere looks overseas for future sales
LAS VEGAS, March 13 (UPI) -- U.S. farm and heavy equipment maker Deere & Co. Thursday said it will lean on overseas markets, where construction equipment sales are expected to boom.
Samuel Allen, president of Deere's construction and forestry division, said in Las Vegas at a trade show, "China is clearly a very large market," pointing out that no large equipment manufacturers in the country dominate the market.
None "have more than a 6 percent or 7 percent market share," he said.
Similar to Caterpillar Inc. Chairman Jim Owens' talk at the show Wednesday, Deere sees emerging markets as hungry for heavy equipment.
Construction Equipment Theft Continues to Plague Equipment Owners in 2007, Lojack's Annual Theft Study Reveal
WESTWOOD, Mass. - According to the study, which analyzed LoJack stolen vehicle recovery reports for the calendar year 2007, construction theft continued at a steady clip with professional theft rings fueling the issue and skid steers being the number one theft target.
SOUTH AFRICA
Heavy equipment manufacturer introduces next series of ADT upgrades
South African heavy equipment manufacturer Bell Equipment is introducing significant upgrades to its articulated dump trucks (ADTs), which include new ribless bins across the range, as well as upgraded software to facili-tate new electronic features on the trucks. Coupled with the general upgrades across the range, Bell is also introducing the higher-power articulated truck, the B30D.
QATAR
NBK holds seminar on heavy equipment
THE heavy equipment department of Nasser Bin Khaled and Sons Services (NBK), the sole agent of the German BOMAG heavy machinery in Qatar, recently organised a conference on BOMAG equipment in Doha.Participants in the conference included representatives from BOMAG and consultation companies, as well as general manager of NBK, Ahmed Habib and manager of the heavy equipment department, Fouad Hijazi.
INDIA
BHEL, NTPC in talks to set up JV for heavy equipment
NEW DELHI: The row between the two power PSUs, BHEL and NTPC, over manufacturing of heavy main plant equipment, may finally be settled. The two companies are discussing the possibility of a joint venture (JV) for manufacturing heavy equipment like boilers and turbines for all types of projects including the super-critical thermal power plants. Both the companies have constituted two separate committees to discuss the issue.
JCB delegation visits Mannai Heavy Equipment
'The Qatari market is one of the fastest growing in the world at the moment,' said a Mr. Mike Yates- JCB District Sales Manager Middle East, 'and we wanted to get to know Mannai HED, our partners in Qatar, better. This was also a great opportunity to gather first hand market intelligence,' he said, explaining the visit.
JCB is one of the world's top four manufacturers of heavy construction equipment.
With humble beginnings, starting out of a garage in 1945, today JCB produces more than 160 different models of machinery in some of the world's finest engineering factories across 5 continents.
Heavy Equipment Burglaries
Kansas, USA
Local heavy equipment and machinery companies are putting their guard up after a string of burglaries. Police say thieves stole hundreds of thousands of dollars worth of equipment beginning several weeks ago.
Companies like Victor L Phillips, White Star and Foley Rental all report losing everything from backhoes to skid loaders. The thieves broke in through secured fences, literally drove the machinery through the fence and loaded up the equipment onto a stolen semi-truck.
The damage to the yards is totaling in the thousands of dollars.
Deere expands with joint venture in China
Deere & Company says it is expanding its global presence with a joint venture in China.
The Moline-based farm equipment maker says it has signed an agreement to own 50% of Xuzhou Xuwa Excavator Machinery Company.
The Chinese company is a leading manufacturer of construction equipment and is a subsidiary of Xuzhou Bohui Science and Technology Development.
Financial terms of the deal were not disclosed.
Skid steer loaders and forklift trucks from Hyundai Construction Equipment
Hyundai Construction Equipment specialises in providing premium heavy earth moving equipment like excavators, loaders, skid steer loaders and forklift trucks for usage in a wide range of industries. The skid steer loaders available from Hyundai Construction Equipment come in two configurations. The HSL650-7 model comes with standard hand throttle lever, console, auxiliary piping, dual element air cleaner, vandalism protection and spark arresting muffler. Optional equipment provided for this model by Hyundai Construction Equipment include enclosure cabin, fenders, heaters, master switch, self levelling system, pre cleaners and back up alarm.
With a Kubota V2203M engine, this model enables the operator to concentrate on manoeuvring and lifting tasks for fast cycle times. Maintenance of the wheel loaders from Hyundai Construction Equipment is easier with removable oil coolers and swingable tailgates that facilitate easy and regular engine, battery and oil level checks.
Rush Enterprises, Inc. Appoints James C. Underwood to Board
SAN ANTONIO, March 3, 2008 (PRIME NEWSWIRE) -- Rush Enterprises, Inc. (Nasdaq:RUSHA) (Nasdaq:RUSHB), which operates the largest network of heavy- and medium-duty truck dealerships in North America and a John Deere construction equipment dealership in Houston, Texas, announced that James C. Underwood was appointed to the Board of Directors of Rush Enterprises, Inc. on February 21, 2008.
1000L of fuel in the komatsu. look at the scale, the fuel barrels are a bit over half as tall as the person on the rake end of the dozer. as the guys backaway on a fairly big bulldozer you can see the scale of the komatsu.
CALIFORNIA, USA
Leasing Heavy Construction Equipment
Despite an ever-changing economy, equipment leasing might provide a simple solution to grow your business. Think: Fair Market Value Lease, Dollar Buy Out Lease and Commercial Leasing.
Capital is key in order to operate a successful business, especially when the economy is as fickle as it is today. The heavier your cash flow, the greater amount of growth your company will experience. This is especially relevant in the construction industry. For all types of construction, the goal is to complete projects in accordance with plans and specifications, on time, within budget, and at the lowest possible cost. A construction company's success and failure could very well depend on adding a fourth crane to your garage.
FLORIDA, USA
Spacewalkers move heavy equipment - Damage also could be inspected
On the mission's third spacewalk today, astronaut Stanley Love will function like a human forklift, holding three massive -- but weightless -- pieces of equipment while attached to the space station robot arm.
Love will begin the spacewalk at 8:35 a.m. by stepping into the footrests on the robot arm.
Sure, Central Florida has roller coasters and water slides, but from Tuesday through Saturday, for thousands of people from all over world, the biggest attraction will be Ritchie Bros. Auctioneers.
During those five days, bidders will vie for more than 6,100 pieces of equipment, including everything from dump trucks to cranes.
Ritchie Bros. has no idea of how many people to expect, said Doug Tverstol, office manager for the company, located at 700 Ritchie Road in Davenport, but the company has advertised in countries around the globe. An auction in February of last year attracted more than 5,800 bidders from 63 countries.
ILLINOIS, USA
Deere profit up 55% on global demand
Farm-equipment maker Deere & Co., citing what it called 'strongly favorable conditions throughout the global farm sector, topped analyst forecasts by reporting a 55 percent jump in fiscal first-quarter earnings Wednesday.
For the quarter ended Jan. 31, the Moline manufacturing giant said net income climbed to $369.1 million, from the year-ago $238.7 million, or 52 cents a share.
NEW YORK, USA
International sales boost Deere & Co. profits by 54%
Deere & Co., one of the world's largest producers of farm equipment, said on Feb. 13 that fiscal first-quarter profits increased 54 percent as the heavy equipment maker posted strong international sales.
TENNESSEE, USA
Father, son brought heavy equipment to help save trapped Union students
Randy Campbell felt scared stiff as he worked in a trackhoe to pull students from collapsed buildings on Union University's campus the night of Feb. 5 tornado.
"I was scared I'd make a mistake and break a slab or hit the (trapped) boys," said Campbell, 49.
Firefighters and rescue personnel also dug at the debris with their gloved hands to reach students.While on the scene, officials requested Campbell, a former longtime Madison County firefighter, to bring his trackhoe to help with rescue efforts.
"The machine was able to move the heavy stuff that they would have had to break up into pieces to move," Campbell said Saturday. "It just made things go so much faster."
INDONESIA
Indonesia`s United Tractors January heavy equipment sales up 60 pct
Indonesia's PT United Tractors said Friday its "Komatsu" heavy equipment sales rose 60 percent to 491 units in January from 306 a year earlier, led by sales to the mining and agriculture sectors.
The "Komatsu" heavy equipment grabbed a 55 percent market share in Indonesia during the month, the company told Thomson Financial.
UNITED STATES
Sector Glance: Heavy equipment
NEW YORK (AP) - Shares of a variety of heavy-equipment companies tumbled Tuesday, along with the broader market, as a decision by the Federal Reserve to cut a key interest rate failed to ward off worries of a U.S. recession. Here's how heavy-equipment stocks traded Tuesday morning:
Caterpillar Inc. (NYSE:CAT) fell 80 cents to $62.01.
Deere & Co. (NYSE:DE) fell $1.21 to $75.19.
Terex Corp. (NYSE:TEX) fell $2.28, or 4.5 percent, to $48.64.
Manitowoc Co. (NYSE:MTW) fell $2.42, or 6.8 percent, to $33.18.
Illinois Tools Works Inc. fell 10 cents to $47.05.
Astec Industries Inc. (NASDAQ:ASTE) rose 18 cents to $27.13.
Agco Corp. (NYSE:AG) fell $2.28, or 3.9 percent, to $55.53.
Finning celebrates a heavy-duty anniversary
Earl B. Finning started Finning Tractor & Equipment Co. Ltd. in 1933 with six employees and a $50,000 bank loan. Now, the Vancouver company is the world's largest Caterpillar dealer with more than $5 billion annual revenue.
Last Friday, Edmonton-based Finning Canada celebrated 75 years by firing up some vintage equipment at the west-end location -- including a 1933 Caterpillar crawler tractor, 1935 pickup truck and 1952 D8 tractor.
GE profit meets expectations, infrastructure key
General Electric Co posted a 4 percent rise in net profit on Friday, matching Wall Street expectations, with strong demand for heavy equipment from outside the United States offsetting the effects of a slowing domestic economy.
Cleaning up after the flood
Crews from two state prisons were among the workers this week as heavy equipment has begun being used to remove piles of ruined possessions stacked in front of flood-damaged Pontiac homes.
Police find 40 pieces of stolen equipment at rural home
Indiana State Police have arrested a man in the theft of more than $1 million in heavy equipment from eight central Indiana counties.
Police arrested 55-year-old Thomas P. Skene (SKEEN) on Tuesday at his rural home south of Greencastle. They found more than 40 pieces of stolen heavy equipment, including backhoes, bulldozers, tractors, pontoon boat and freight containers.
Investigators say the equipment was reported stolen from construction sites and private businesses over the past year. Police anticipate more arrests...
AUSTRALIA
IronPlanet announces first australian online auction to be held on February 14, 2008
IronPlanet , a leading online auction company for used heavy equipment, has announced the date of the company’s first auction in Australia — 14 February 2008. IronPlanet’s initial Australia online auction will feature in excess of 170 items with both low and no reserves.
“We are excited to bring IronPlanet’s very successful online auction of used heavy equipment to the Australian market,” said IronPlanet Australia Managing Director, Graeme McPherson. “I am confident that we will deliver on what is most important to our Australian customers – quick disposition of their equipment, market leading prices, low selling costs, and IronPlanet’s guaranteed inspection reports.”
INDIA
Army's footsoldiers get raw deal
The highlights of Army Day 2008 parade were the tanks, missiles and heavy equipment that the army fights its wars with. Interestingly, the last time this equipment was actually used was in 1971, thirty-six years ago...
INDONESIA
Indonesia's United Tractors heavy equipment sales rise 53.5 percent in 2007
Indonesia's leading heavy equipment distributor and mining contractor, PT United Tractors, said Tuesday its sales of Komatsu heavy equipment rose 53.5 percent in 2007 from a year before.
Sales to the mining sector remained the biggest contributor to the total, but sales to the agriculture sector posted the largest increase. The company sold 3,454 pieces of heavy equipment in the year, up from 2,250 a year before. Sales of heavy equipment for mining rose 30.7 percent to 1,315 and sales for agriculture nearly doubled to 1,144 units. Other machines sold in the year were for the construction and forestry sectors...
CALIFORNIA
Housing outlook takes a grim turn
LOS ANGELES --Shares of Countrywide Financial Corp., the nation's largest mortgage lender, sank to an all-time low Tuesday as a major homebuilder offered a grim outlook for the industry and the Bush administration signaled it is growing more concerned about rising mortgage defaults.
County vehicle fleet to be streamlinedCentralization could also save $1.6 million this year
The Yolo County Board of Supervisors Tuesday voted 4-1 in favor of a major reorganization of how the county obtains and pays for its vehicles and heavy equipment - changes that could save the county about $1.6 million this year, supporters estimate.
The reorganization plan would establish a centralized fleet service that would control, maintain and purchase all county vehicles and equipment and would be accountable to the Board...
...In order to trim the fat among department vehicles, the plan recommends establishing a minimum monthly usage requirement of 400 miles for all vehicles that don't fall under the "heavy vehicle" category, which includes vehicles such as large trucks, tractors, buses, and forklifts. Those vehicles would have a minimum usage requirement of 10 hours per month, Groom said...
COLORADO
Public senses an economy going south
SEDALIA, COLO. -- The numbers stopped adding up some time ago, and every month, Shane Covelli gets angrier.
He sells heavy equipment on commission, and construction firms aren't buying. Covelli has sold his Corvette, stopped taking his wife out to dinner, pulled his son from the ski team. He has withdrawn nearly $50,000 from his retirement accounts and started taking extra work, laying carpet and pouring concrete evenings and weekends. Still, he owes more than he earns, and he can't seem to fix it...
SOUTH CAROLINA
Police probe heavy equipment thefts
Conway police are investigating reports of at least three construction vehicles being stolen since last month, according to a police statement released today.
Between Dec. 7 and Dec. 10, someone stole a backhoe from the Cratbtree Commons construction site off El Bethel Road and a front-end loader was reported stolen from the same site between Dec. 15 and Dec. 16, the statement reads.
ILLINOIS
HEAVY EQUIPMENT - Cat adds computerized tracking, management to all machines
PEORIA, Illinois - CATERPILLAR now includes as standard equipment its computerized EquipmentManager and Product Link, the company's remote asset management solution. The system will be installed in all mining and industrial machines sold in Canada and the United States.
Caterpillar will phase in EquipmentManager/Product Link beginning with wheeled hydraulic excavators and articulated trucks. The system comes with a three-year subscription to Asset Watch, the remote asset management portion of EquipmentManager. The system types of machines will be phased in throughout 2008 on other types of equipment.
EquipmentManager is a secure, web-based application that uses key indicators from equipment such as hours, location and diagnostic codes. Combined with powerful tools such as mapping, maintenance scheduling and troubleshooting instructions, EquipmentManager quickly sorts through machine data to identify events that require attention, and delivers information in a meaningful and actionable manner.
NEW YORK
Sector Snap: Heavy EquipmentShares of a Variety of Heavy Equipment Companies Tumble on Concerns About Financial Outlooks
(Associated Press) - Shares of a variety of heavy equipment companies fell Wednesday on worries that current earnings expectations for them may be overly optimistic.
Baird's Robert F. McCarthy said that in light of expectations of slower economic growth and lower gross domestic product growth, average analyst estimates for most machinery and diversified manufacturing stocks are too high.
"Historically, these stocks generally underperform stock market averages when economic growth is moderating or in recession," McCarthy wrote in a note to investors.
"Given our cautious outlook for growth in the developed economies, we believe new entry points require deeply discounted valuations."
McCarthy lowered his financial outlooks for companies across the sector...
Tractors on the road - are they accidents waiting to happen?
UK
More than 900 tractors, telehandlers and other self-propelled farm machines are likely to be involved in road accidents this year, not to mention a further 1000 cars, vans, motorbikes and trucks.
These startling figures come from a Department for Transport (DfT) study which also estimates that on average eight farmers and 11 other road users will die each year as a result of such accidents.
On top of that, 1200 casualties will be caused, resulting in more than 5000 working days being lost. In fact the total cost to the agricultural industry, says NFU Mutual, is £60m.
Komatsu D-85 Bulldozer
Komatsu D-65 Bulldozer
Komatsu D-575 Super Bulldozer
HAWAII, USA
National Guard Soldiers Ready To Clean Maui
KALAELOA (KHNL) -- Soldiers make the final inspections on two dozen pieces of heavy equipment before it's all loaded onto the Superferry, and sails to Maui on Monday.
Lt. Colonel Moses Kaoiwi anticipates, "There's a lot of major work that needs to be done."
The story made national headlines in early December after high winds and heavy rains pummeled the state. Maui took the brunt, with over 100 properties damaged. But soldiers say they're not intimidated.
Superferry helps Hawaii National Guard
HONOLULU (AP) _ The Hawaii National Guard shipped 24 pieces of heavy equipment -- including bulldozers and five-ton dump trucks -- from Oahu to Maui today aboard the Hawaii Superferry.
Twenty members of the 29th Brigade Special Troops Battalion, Company A, also made the trip. They're joining 29 Guard members on the Valley Island in an operation to clear away debris left by recent stormy weather...
CALIFORNIA, USA
California Construction Forecast 2008
It may not become the "perfect storm" but three "bad weather fronts" are headed toward California's construction industry in 2008 and beyond. Bad enough to go into storm protection mode...
In 2007, California construction employment averaged an estimated 924,200, down 15,200 (1.6 percent) from 2006 and down 23,900 (2.5 percent ) from the 948,100-employment peak posted in the month of February 2006 (seasonally adjusted). In 2008, construction employment is forecast at 901,300, down 22,900 (2.5 percent) from 2007...
ALASKA, USA
Tundra-Cat is no child's toyHuge vehicle is gentle on Arctic environment
WASILLA, Alaska – With tires 5½ feet tall, the Tundra-Cat could be considered an Alaska-sized toy for big boys. That would be a mistake. The vehicle designed for use in the oil fields – looking a lot like a monster truck – has a tender touch when it comes to the delicate Arctic tundra. Its huge tires, at 5 pounds of pressure per square inch, do less damage than a golf cart, said Mark Tope, the man who came up with the Tundra-Cat after having a brainstorm a couple of years ago while watching a monster truck show at 1 a.m. Tope said he recalls the moderator saying, “Man, they have a big footprint.”...
FLORIDA, USA
Fugitive sought following theft of equipment
Authorities are asking the public to help them find a local man suspected of stealing several pieces of heavy equipment...
NEW YORK, USA
Sector Snap: Manufacturing Stocks Fall
Shares of many manufacturers tumbled Wednesday, following a report indicating that the U.S. manufacturing economy unexpectedly contracted in December.
...Manufacturers of construction and other heavy equipment also posted losses. Deere & Co., one of the world's largest makers of farm equipment, dropped $3.11, or 3.3 percent, to $90.01, but earlier hit a 52-week high of $94.01. Caterpillar Inc. shares fell $2.06, or 2.8 percent, to $70.50, while Manitowoc Co. dropped $1.60, or 3.3 percent, to $47.23. Terex Inc. shares fell $2.58, or 3.9 percent, to $62.99.
AUSTRALIA
Isolated residents just wait for peak
FLOODING is a way of life for residents of the small communities along the large rivers in northern NSW, and last night they were just watching and waiting. The State Emergency Service yesterday offered to help evacuate residents of the isolated towns of Coraki and Woodburn but the offers were politely rejected.
...Ms Moyle said the residents of Coraki had already shifted everything they could above the expected flood peak and SES volunteers spent yesterday afternoon assisting them to move motor vehicles and other heavy equipment to high ground...
Excavator Juggling. They should have tried this outside without a roof :)
UNITED STATES
Bulldozers blaze the way
There was no time to waste. Six coal miners were trapped deep underground. Getting them fresh air was imperative. That required boring holes into Crandall Canyon mine from the top of East Mountain, nearly 1,900 feet overhead. But before a heavy-duty drill rig could be brought in, a mile-long access road had to be cut across the mountaintop - at night, through two dense stretches of forest and along ridges with slopes that plummeted precipitously, the dim light of a waning moon often obscuring the line between level ground and open air...
DeLand increasing biofuel use in heavy equipment
DELAND -- The city of DeLand's motor pool is becoming a green fleet -- well, almost.
In late November, the city followed the suggestion of Public Works Director Marvin Williams and began using a 5-percent mixture of soybean oil to fuel heavy equipment vehicles, such as fire trucks. The mixture is touted as a way to run cleaner machines and help reduce dependence on foreign oil.
PHILIPPINES
Rebels burn down heavy equipment
NEW People's Army guerrillas burned two heavy equipment involved in the construction of market roads and a bunker house in San Francisco town in Quezon for the refusal of the town mayor who owns the equipment to pay "revolutionary taxes."...
"Said heavy equipment are being used to construct market roads of said place and owned by Mayor Nani C. Tan, mayor of San Francisco, Quezon. Said incident was a result of tan's refusal to give in to demands," said Cabangbang.
Heavy rains brings floods, landslides to Southern Leyte
MAASIN CITY, Philippines--A nine-year-old girl drowned in a flashflood and three Southern Leyte towns and a highway in this city were hit by landslides following two straight days of heavy rains on Wednesday and Thursday, local authorities said Friday...
...DPWH-Southern Leyte’s assistant district engineer, Lino Gonzalez, said heavy equipment was dispatched immediately to clear the roads of mud and debris.
INDIA
MCD wakes up to piling solid waste
As the year turns, there is some good news. On Monday, MCD mayor Arti Mehra announced the purchase of 17 new heavy earth moving machines for the better management of solid waste at sanitary landfill sites...
...For the first time, MCD has entered into a contract with the manufacturer for the maintenance of the equipment. "The manufacturer will provide the necessary parts and services required for maintenance while we will bear the cost of fuel and lubricants," said Mehra. According to officials, the contract for the heavy equipment is for six years...
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