Industry News: Page 29

Market Analysis

October 2023 Equipment Market Outlook

Data shows a 12% growth rate in annual new orders of construction machinery in the U.S., however a softening macroeconomy and deflation in some commodities signal a slowdown in both private nonresidential and total public construction.

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Engineering & Manufacturing

Navistar Begins Production of Its Newest & Final Combustion Product at Alabama Plant

Navistar International Corp.

The International S13 Integrated Powertrain marks the final combustion product platform that the company will develop as it transitions toward zero-emissions vehicles.

Nav International Lt Series On Road With S13 Integrated Full Tractor Trailer 400x

Caterpillar Names New Chief Sustainability & Strategy Officer

Caterpillar Inc.

The company's current senior vice president of the Enterprise Strategy Division, George Moubayed, will assume additional responsibilities as chief sustainability and strategy officer, effective Jan. 1, 2024.

George Moubayed, current senior vice president of the Enterprise Strategy Division at Caterpillar, will shift to chief sustainability and strategy officer, effective Jan. 1, 2024

Zero Emission Machines to Shake Up Oil & Lubricants Industry

Interact Analysis

Change is underway in the vehicle oil and lubricants industry as a result of the inexorable move toward zero emission vehicles, in particular battery-electric machines.

There are environmental benefits for companies operating battery-electric and new fuel vehicles beyond reducing their contribution to greenhouse gas emissions.

Oshkosh's Nerenhausen Retires, Narang Narang Named EVP & President of Access Segment

Oshkosh Corporation

The former Cummins executive brings experience and strategic vision to his new role at Oshkosh, whose companies include JLG, Hinowa, Jerr-Dan and more.

Engineering & Manufacturing

JCB Announces New Plant in San Antonio, Texas

The new factory will be the second JCB factory in North America and will create 1,500 new jobs over the next five years.

Factory Tours

Caterpillar Names New COO

Caterpillar Inc.

Joseph E. Creed, group president of energy and transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023.

Joseph E. Creed, current group president of Energy and Transportation, has been named Caterpillar's new COO.

Engineering & Manufacturing

Yanmar Unveils State-of-the-Art Tractor Production Plant in İzmir

Yanmar Co. Ltd.

The facility aims to boost Yanmar Turkey’s tractor production capacity by 3.5 times, positioning Yanmar Turkey as a major force in the agricultural sector, not just in Turkey but also in neighboring regions.

The company's 23,000-square-meter production facility encompasses tractor production and assembly, spare parts storage and logistics

Moveero Appoints New COO

moveero (formerly GKN Wheels & Structures)

The company has named Martin Mikiewicz chief operating officer (COO). Based in Munich, Germany, Mikiewicz will work closely with moveero’s manufacturing, engineering and operations teams across all its global locations.

Martin Mikiewicz, Chief Operating Officer, moveero

DEUTZ AG Acquires Diesel Motor Nordic Group

DEUTZ Corporation

With this acquisition, the company aims to expand its service business, boost its regional presence in Scandinavia, and increase its annual revenue by around €10 million.

DEUTZ CEO Dr. Sebastian C. Schulte welcomes the staff of the Diesel Motor Nordic Group to DEUTZ.

Agriculture Goes Electric

Delta-Q Technologies

Exploring the benefits, challenges & drivers of electrification

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Perkins to Lead Demonstration of Hydrogen Hybrid Power Solutions

Perkins Engines Company Limited

The advanced integrated power units will help off-highway OEMs – both large scale and those with limited resources – address the energy transition.

Perkins is collaborating with Equipmake and Loughborough University to develop and produce an advanced multi-fuel ‘drop-in’ hybrid integrated power unit based on its 7-litre Perkins 1200 Series

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