Hitachi Construction Machinery (Europe) NV (HCME) has appointed a new dealer for its customers in Estonia.
An announcement was made following the signing of an agreement with Rotator Oy, the official HCME dealer in Finland. Due to the proximity of the two countries, and similarities in their languages and cultures, Rotator was considered to be the logical choice to take over responsibility for the Estonian market from the previous dealer, Laadur.
Rotator Estonia will offer the entire range of Hitachi construction equipment including excavators, wheel loaders and dump trucks. Its headquarters, featuring a workshop and parts depot, will be based in Tallinn. The Estonian market is predominantly focused on construction, but also has potential in the mining and quarrying industries.
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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 sold a record 84,000 machines.
Announcing its fourth quarter and full year results, Volvo Construction Equipment (Volvo CE) reported unit sales up almost a third in 2011, amid positive sales trends in most markets, with the exception of China, which had a relatively weak fourth quarter. The company produced an all-time high of 84,000 machines during 2011 (up from 66,000 in 2010), and began 2012 with an order book 51% higher than at the same point in the preceding year.
For the full year 2011, Volvo CE’s sales increased by 21% to SEK 64,987 M, compared to 53,810 M in 2010. Operating income also increased, to SEK 6,653 M, up from SEK 6,180 M in the preceding year. Operating margin was down slightly in 2011, mainly due to the negative impact of currency issues, to 10.2% in 2011, down from 11.5% in 2010.
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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 other distinguished guests who attended the ceremony, among them Mitsuhiro Tabei, President of HCME. He then presented representatives from the Parts Depot with a special Japanese maple tree, which was planted in front of the building.
In his address, Mr Kikawa emphasised the importance of the new facility, saying: “It is a great honour to officially open this new Parts Depot, and to have the opportunity to join my colleagues from HCME at such an important event in our history.
“The aim of the company investing in this larger, improved facility is to provide the best possible service to our dealers and customers. Parts availability has further increased due to the new facility’s greater capacity and efficiency. This will help Hitachi to boost parts sales and meet the demands of our expanding customer base.”
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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 Peter Lawrie from Ireland.
Volvo Construction Equipment was sponsor of the China Open alongside the other members of the Volvo Group and Volvo Cars and its presence was shown via several construction equipment machines featured around the course, including the Volvo EC60C excavator.
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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 for the show, the first days were busier than the last days . . .this would indicate that the visitors were there for the show and not on an ‘all expenses paid’ weekend in Vegas, which many operators and other employees enjoyed in the ‘good old days’. This was confirmed by an analysis of visitor job titles.
The number of international visitors was a new record; probably because of the difficulties many people had in getting to Bauma in Munich in 2010 because of the volcanic ash cloud causing disruption to air travel.
The mood was overwhelmingly positive despite continued uncertainty in U.S. construction markets and the overall economy. Industry professionals expressed hopeful optimism for a sustained U.S. upturn in the coming months, while global sales continue to be strong.
Attendees said they were at the shows to examine the newest equipment and product technologies and innovations to help them prepare for future business; exhibitors cited the high quality of customers and reported strong purchases and sales leads to new as well as existing customers.
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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, always a supplier to the mining industry, the range of products that Bucyrus brings to Caterpillar extends the groups ablity to supply a vast range of high-production surface and underground mining.
Questions to be answered are product rationalisation as Bucyrus recently acquired Terex mining division with its mining excavators and dump trucks. Caterpillar has also announced its own range of mining excavators. Which range will be given priority has yet to be announced.
At the first opportunity, Contractors World will try to determine what rationalisation is involved and, of course, this extends to dealer networks and product supports services.
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