Industry News: Page 116

Market Analysis
Deere Announces Net Income of $3.253 Billion for Year
Deere & Company
Deere & Co. reports net sales increased 4% for the fourth quarter and 5% for the full year.
Agriculture
Tractor of the Year Award Honors Innovations in Agricultural Equipment
Winners of the annual Tractor of the Year awards demonstrate growing trends in the agricultural equipment industry.
New Holland's T4.110 N was named Tractor of the Year in the Best Specialized category.
Automated Systems
Raven Industries Acquires Smart Ag
Raven Industries Inc.
The acquisition is part of Raven Autonomy, the company’s strategic growth platform to become the industry leader in autonomous agriculture solutions.
Tires & Wheels
Alliance 579 Multi-Purpose Radial Tire for Tractors
Yokohama Off-Highway Tires (YOHT)
The Alliance 579 tire, introduced at Agritechnica 2019, features a deeper tread to improve traction while reducing soil compaction.
Alliance 579 30view
Smart Systems
Improved Data Access for Mixed Fleets of Agricultural Equipment
OEMs such as John Deere and CNH Industrial have joined initiatives aimed at easing the transfer of data in mixed fleets.
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Mining
Epiroc Names Next President and CEO
Epiroc
Epiroc has named Helena Hedblom, currently Senior Executive Vice President Mining and Infrastructure, as the new President and CEO.
Market Analysis
Global Compact Track Loader Market Value to Reach $4461 Million by 2028
Fact.MR's most recent study shows a growing construction industry will be a key driver for increased sales of compact track loaders.
Asv Ctl
Batteries, Capacitors
Freudenberg Battery Technology to Power Long-Distance, All-Electric Passenger Coach
Freudenberg Sealing Technologies - NOK
XALT ultra-high energy lithium-ion battery packs will be used to power Motor Coach Industries' zero-emission, MCI D45 CRTe LE CHARGE long-distance motor coach.
Fst Battery Electric Flix Bus Nov2019
On-Highway
EU Commercial Vehicle Registrations Declined 7.3% in October
European Automobile Manufacturers Association (ACEA)
ACEA reports demand fell in all vehicle segments; however for 2019 thus far registrations are up 3.3%.
EU demand for new heavy trucks decreased by 15.2% in October 2019.
Trends
Will Machine Automation Ever Take Off in Construction?
Machine automation expert believes the urge to automate functions in construction equipment is fundamentally about “supercharging” people.
Komatsu is deploying 41 new model Komatsu 930E-5 ultra-class haul trucks, made autonomous ready.
Industry News
AEM Honors Milestone Members
Association of Equipment Manufacturers (AEM)
AEM recently honored 19 companies which achieved milestone member status in 2019.
Industry News
AEM Elects 2020 Officers, New Directors
Association of Equipment Manufacturers (AEM)
AEM officers and directors come from an industry cross section and work on behalf of all member companies to provide strategic direction and guidance for the association’s initiatives.
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