Market Analysis: Page 15

Equipment Market Outlook

August 2024 Equipment Market Outlook

Q3 2024 data, U.S. steel scrap prices and elevated interest rates suggest near-term downward pressure for construction machinery new orders, despite gains in recent months.

Adobe Stock 806784579

Engineering & Manufacturing

SIKO’s CEO Lutz Kettenhofen Talks Mobile Automation at iVT Expo

SIKO Products Inc.

Live at iVT Expo, SIKO Products’ CEO Lutz Kettenhofen talked about the importance of mobile automation, the company’s new position-detection machine and what it takes to be an all-in-one supplier to the OEM industry.

Siko

Waytek CEO Announces Retirement

Charlie Kanan, CEO and board chair, has notified the Board of Directors of his intention to retire from Waytek on Dec. 31, 2026.

Charlie Kanan, CEO of Waytek

Cattron Introduces Tyro 2S Line of Remote Control Systems for Mobile Equipment

Tyro 2S systems are designed for demanding and highly specialized mobile equipment applications, and are suited for environments where robust, durable and reliable remote control is essential.

Pyxis 2S 2 Tyro

From the Mine to the Jobsite, Q&A with Stellar

Stellar Industries

Tim Worman, director of product management at Stellar shed some light on the ways the two industries overlap and the ways that mining and construction have taught Stellar to improve its equipment to be available for all kinds of environments.

We have learned specific things from each industry that have helped us to improve our equipment for any environment it may be working in.

Hitachi Construction Machinery to Feature Interactive Experiences at MINExpo

Hitachi Construction Machinery Co. Ltd.

At MINExpo, Hitachi Construction Machinery Americas will present its latest efforts to provide innovative and sustainable solutions that will put their customers in North and Latin America at the forefront of meeting global standards.

Min Expo 24 Release 630x250

Caterpillar’s Johnson Named Chair of MINExpo

Caterpillar Inc.

The National Mining Association (NMA) announced that Denise C. Johnson, group president of Caterpillar Inc., will chair MINExpo INTERNATIONAL 2024.

Denise C. Johnson.

BOMAG Americas Promotes Christoph Thiesbrummel to VP of Sales & Marketing

BOMAG Americas Inc.

Thiesbrummel will lead BOMAG Americas’ dealer channel sales, rental channel sales, sales administration, product management and marketing activities.

Christoph Thiesbrummel, vice president of sales and marketing for North American operations

SANY America Names David Nicoll as CEO

The former Caterpillar VP has held global leadership positions in several businesses, including construction machines, industrial engines, marketing and dealer development.

SANY America the appointed David Nicoll as its new CEO, effective Aug. 8, 2024.

Steel Warehouse Opens Facility in Jefferson County, Tennessee

Steel Warehouse

The strategic expansion is designed to bolster the company's commitment to the construction equipment, agriculture, lawn and garden, and truck and trailer industries.

The Steel Warehouse facility in Jefferson County, Tennessee

Caterpillar Announces MINExpo Lineup

Caterpillar Inc.

Caterpillar's exhibits at the tradeshow will include advancements in energy transition, spotlights on integrated mine operations that go beyond iron and a combination of equipment, technology and more.

Cat 798 AC Mining Truck.

DEUTZ Completes Deal to Now Sell Select Engines From Rolls-Royce Power Systems

DEUTZ Corporation

The takeover, including the sale and service of selected off-highway engines, follows close on the heels of DEUTZ’s alliance with Daimler Truck to develop and market medium- and heavy-duty engines in the off-highway segment.

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