Construction Machinery

Deere, Caterpillar and CNH Industrial are expanding or upgrading their models to meet surging demand for building and infrastructure projects.  Deere, Caterpillar and CNH Industrial are expanding or upgrading their models to meet surging demand for building and infrastructure projects.  FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates. Construction of semiconductor and battery factories helps Caterpillar, Nucor and other manufacturers plow past economic uncertainty and rising interest rates. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

Caterpillar Inc. increased sales by 17% in the first quarter as higher prices and strong demand continued to offset inflated manufacturing costs.  The construction-equipment maker, based in Irving, Texas, said sales volumes rose in the first three months of the year thanks to an increase in equipment sales to end users, though services sales volumes fell. With growth across all three of its primary business segments, Caterpillar logged total revenue of $15.9 billion, topping analyst expectations for…

Caterpillar Inc. CAT 1.24% said it has agreed to not close additional union-represented plants under a new tentative contract deal with the members of the United Auto Workers union.The moratorium on plant closings, outlined this past week, follows years of Caterpillar CAT 1.24% consolidating operations and moving production away from unionized work sites in the Midwest. Caterpillar’s six remaining UAW-represented…

John Deere displayed equipment during the opening of the International Green Week agriculture fair in Berlin last month. Photo: MICHELE TANTUSSI/REUTERS…

The company said demand for its construction and mining machinery and engines remained strong, especially in North America, as sales for the quarter were higher than expected. Caterpillar, like other manufacturers, has raised prices in response to higher costs. The Irving, Texas-based company said higher prices boosted quarterly sales by $1.74 billion from the same period last year, while higher sales volumes of equipment added $1.56 billion. Unfavorable exchange rates when sales in foreign currencies were converted into…

Apple Inc., AAPL 1.37% Amazon. AMZN 3.04% com Inc., Meta Platforms Inc. META 3.01% and Alphabet Inc. GOOG 1.56% report earnings in the coming week, four of the many companies providing quarterly updates as layoffs and slowing growth hit the tech industry. Leaders across multiple industries—such…

China installed almost as many robots in its factories last year as the rest of the world, accelerating a rush to automate and consolidate its manufacturing dominance even as its working-age population shrinks.Shipments of industrial robots to China in 2021 rose 45% compared with the previous year to more than 243,000, according to new data viewed by The Wall Street Journal from the International Federation of Robotics, a robotics industry trade group. China accounted for just under half of all installations…

Caterpillar Inc. said the settlement included the resolution of the disputed tax treatment of profits earned by a subsidiary from sales of replacement parts. Photo: Andrea Morales for The Wall Street Journal…

Caterpillar Inc. CAT -5.82% said that higher prices on its equipment offset weakening demand from some foreign markets and rising expenses for materials and transportation. The company reported a 20% increase in quarterly equipment sales growth in North America—its largest market—that helped to counter lower sales in Europe and falling demand for construction machinery in Asia. The company said Tuesday it expects sales in…