Maintaining its ascendancy in the all-important Chinese market, Volvo Construction Equipment ended a successful 2011 with a 14% increase in net sales in the fourth quarter, helping the company to a full year sales increase of 21%. Amid steady growth in most markets, the company ended 2011 with a strong order book and having...
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An official opening ceremony has taken place for the new Hitachi Construction Machinery (Europe) NV (HCME) European Parts Depot. The celebration was held at the Oosterhout facility in the south of The Netherlands and the guest of honour was Hitachi Construction Machinery Co., Ltd. (HCM) President Michijiro Kikawa.
Mr Kikawa gave a speech to the...
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In front of a cheering crowd Belgian Nicolas Colsaerts was pronounced the 2011 Volvo China Open champion and the winner of RMB3.3million (Approx. US$500,000). The 28-year-old from Brussels won with a four-shot victory ahead of an international, chasing quartet of Pablo Martin from Spain, Danny Lee from New Zealand, Søren Kjeldsen from Denmark and...
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Although attendance was just below 120,000 - less than previous events - the organisers of ConExpo/ConAgg can take credit for putting on a very successful event at a time when the industry is just recovering from the economic downturn. The visitor number was down but the type was better than normal. Unusually...
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Caterpillar Inc. and Bucyrus International, Inc. have announced that they have entered into an agreement under which Caterpillar will acquire Bucyrus International in a transaction valued at approximately $8.6 billion (including net debt).
This acquisition significantly increases Caterpillar's domination as a supplier to the building, construction, demolition, quarrying and mining sectors. Historically,...
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