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MANUFACTURERS SHOW STEADY FINANCIAL IMPROVEMENT THROUGH END OF 2021
Heavy equipment manufacturers are seeing improvements in their financial results as recovery from pandemic challenges continued in 2021.
After the market challenges of 2020, Caterpillar has shown strong financial results with a significant increase in sales and revenues both in its fourth quarter and the full year of 2021.
The company posted $13.8 billion USD in sales and revenues through the fourth quarter, a 23 percent increase from the same period in 2020. Over the full year, sales and revenues were $51 billion, a jump of 22 percent from the $41.7 billion reported in full year 2020.
Increases are driven by a higher end-user demand for equipment and services, as well as changes in dealer inventories, the company stated.
Meanwhile, Volvo Construction Equipment has continued solid growth with high infrastructure investment particularly across Europe, North America and South America, and increased revenue from services, the company has reported. A decline in China is due to a saturated market for excavators following last year’s high sales levels and the overall slowdown in construction and infrastructure investments across the region.
In Q4, 2021, net sales increased by 5 percent to SEK 21,812
M (20,810 M). Adjusted for currency movements net sales increased by 2 percent, of which net sales of machines were flat and service sales increased by 14 percent. Primarily impacted by the decline in the Chinese market, global order intake decreased by 24 percent and deliveries decreased by 18 percent for the final quarter.
For the full year 2021, net sales amounted to SEK 92,031 M – rising from SEK 81,453 M from last year and demonstrating that the global market is continuing to spring back from the initial hit caused by the disruptions of 2020.
LEICA GEOSYSTEMS AND SANY PARTNER TO EXPAND MACHINE CONTROL ADOPTION AND INCREASE EFFICIENCY
Leica Geosystems will collaborate with SANY America to simplify the adoption and support of Leica Geosystems machine control technology on SANY excavators and motor graders.
Enhancing SANY equipment with Leica Geosystems machine control technology enables greater precision for excavating and grading work and allows machine operators at various skill levels to increase their productivity while lessening the intensity of tasks. This helps keep workers safe and results in less wear and tear on machines.
The companies have launched a joint Technology Access
Program whereby SANY dealers nationwide can offer customers a variety of machine control solutions through their leasing and purchasing agreements, with installation and support by certified Leica Geosystems dealers.
SANY dealers nationwide can now offer customers a variety of Leica Geosystems machine control solutions through a joint
Technology Access Program.
“This Technology Access Program will make deploying technology seamless and painless for operators,” says Troy Dahlin, vice president, Heavy Construction, at Leica Geosystems U.S./
Canada. “Local SANY dealers are now able to retrofit their machines easily with Leica Geosystems technology. This collaboration extends beyond both our companies, stretching deep into local dealer partnerships for both organizations.”
The Technology Access Program also offers SANY customers and dealers the ability to experience Leica Geosystems’ machine control technologies at the SANY Digs demo area, located in the SANY America headquarters near Atlanta, Georgia.
“Our customers and dealers want straightforward, streamlined solutions that make working with a mixed fleet easy and simple,” says Gabe Weiss, director of marketing for SANY. “This program is built on feedback from our Dealer Partner network and will provide operators with a technology option for grade control and dedicated access to the Leica Geosystems dealer support network.”
GEAR EQUIPMENT AMONG MECALAC’S SEVEN NEW NORTH AMERICAN DEALERS
Mecalac has added seven new North American dealers to its growing network. One of the new dealers is Gear Equipment; the Ontario-based dealer has opened a new location in Surrey, B.C. Other new Mecalac dealers are located in Virginia, New York, Tennessee, Idaho, Kentucky, and Colorado in the U.S. The expanded dealer network offers customers increased access to equipment and support.
Mecalac says that it continues to support dealers with the tools they need to provide ideal customer service. Many of these new dealers supply Mecalac’s complete line of advanced machines – the MCR Series of crawler skid excavators, the
MWR Series of wheeled excavators, AS Series swing loaders, and dedicated railroad excavators.
BREAKING INTO NORTH AMERICA
Kevin Thieneman, the chairman of LiuGong North America, does not want to take the path of least resistance. Read the Q&A on page 36.
KINPERIUM INDUSTRIES ACQUIRES SCRAPER MANUFACTURERS K-TEC EARTHMOVERS AND ASHLAND INDUSTRIES
Kinperium Industries has acquired K.A. Group, consisting of K-Tec Earthmovers and Ashland Industries. Kinperium partnered with the owners and management of
K-Tec and Ashland to acquire a majority stake of the company.
K-Tec and Ashland are the manufacturers of pull-pan earthmoving scrapers and implements for the construction, mining, and agriculture end markets.
The two scraper brands previously merged in 2020, with manufacturing facilities in Rosenort, Manitoba, Canada, and
Ashland, Wisconsin, USA.
With the growth goals set out, both factories and all current employees will remain under new ownership. The factories are looking to add additional staff to their teams and open future facility expansion projects to fulfill the existing orders of earthmoving equipment.
Benefitting from a dedicated and knowledgeable global network of equipment dealer relationships, K.A. Group has grown consistently by developing and manufacturing a variety of earthmoving scrapers and implements.
“Kinperium is a family office which focuses on the generational, stable success of businesses,” said Mike Palitsky, president and CEO of K.A. Group. “I firmly believe that this structure is exactly in line with the culture that we are enjoying at K.A. Group today. From the start, we identified Kinperium as our number one partner candidate. We are thankful that we can now begin our working relationship together for a promising future of long-term growth.”
Kinperium closed the transaction on January 31, 2022. Financial terms of the deal were not disclosed.
WORLD OF ASPHALT LAUNCHES NEW APP FOR 2022 SHOW
World of Asphalt has released the official app for the 2022 show in Nashville, Tennessee. Asphalt paving professionals can download the app from the Apple App Store or Google Play before leaving for the trade show and plan their visit based on the live map and exhibitor directory.
“The World of Asphalt app is the easiest way for asphalt paving pros to make the best use of their time at the show,” said World of Asphalt show manager Brittany Weltcheff. “Not only does it help attendees plan before they get there, but it also helps them find their way around once on the show floor. Attendees who download it before they leave for Nashville can land ready with a plan.”
World of Asphalt runs from March 29 to 31, 2022, and will showcase 500 exhibitors and 120 education sessions. Visitors can use the app to explore the show before they register.
Deere & Company has acquired majority ownership in Kreisel Electric. The Austrian company manufactures high-density, high-durability electric battery modules and packs for high-performance and off-highway applications and has created a battery-buffered, high-powered charging infrastructure platform called CHIMERO.
This transaction was announced in December 2021 and is now complete, following regulatory approval.
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