Industry News - February, 2022

Hyundai Investing To Expand Production Capacity By 50 Percent

Hyundai Construction Equipment Americas, Inc., has announced that its parent company, Hyundai Construction Equipment, plans to invest US$170 million in its Ulsan factory to increase production capacity by 50 percent and simplify its manufacturing processes for increased efficiency.

Hyundai Construction Equipment to invest US$170 million to expand production capacity at its facility in Ulsan, Korea.

With this investment, the company will increase its capacity at Ulsan, its major production base, to 15,000 units of construction equipment. This investment, to be spread across four years, is the largest since the company’s launch as a newly established corporation in 2017.

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Feb 28, 2022 - 3 years ago
Guardian Horizontal Screens Receive Updates

Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and handling systems, reports about several key features that improve performance of its popular Guardian Horizontal Screen in stationary or static settings.

“Historically, horizontal screens are most popular in portable or mobile applications,” says Ed Sauser, Superior’s product manager for the manufacturer’s vibratory solutions. “However, some static producers prefer horizontal over inclined screens, so we’ve designed a few features to improve performance for these customers.

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Feb 24, 2022 - 3 years ago
Caldwell Creates Custom Posi-Turners For Heavy Trucks

Rockford-based The Caldwell Group Inc. continues to customize lifters for the automotive sector, as two recent orders prove.

Caldwell continues to customize lifters for the automotive sector.

Caldwell partnered with distributors on the east and west coasts of the U.S. to deliver Posi-Turners to heavy truck manufacturers at either end of the country. The patented Posi-Turner, designed to rotate bulky and hard to handle objects during manufacture or assembly processes, is widely utilized throughout the automotive industry.

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Feb 24, 2022 - 3 years ago
Cummins To Acquire Meritor

Transaction will strengthen Cummins’ industry-leading range of powertrain components and accelerate development of electrified power solutions

Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) has announced that they have entered into a definitive agreement under which Cummins will acquire Meritor, a global leader of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. Under the terms of the agreement, Cummins will pay $36.50 in cash per Meritor share, for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.

“The acquisition of Meritor is an important milestone for Cummins. Meritor is an industry leader, and the addition of their complementary strengths will help us address one of the most critical technology challenges of our age: developing economically viable zero carbon solutions for commercial and industrial applications,” said Tom Linebarger, Chairman and CEO, Cummins. “Climate change is the existential crisis of our time and this acquisition accelerates our ability to address it. Our customers need economically viable decarbonized solutions."

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Feb 23, 2022 - 3 years ago
Sandvik Wins 18.5 MCAD Equipment Order For Open Pit Mine In Canada

Sandvik Mining and Rock Solutions has won an 18.5 MCAD order for surface mining equipment from Newcrest in Canada that will optimize reliability and productivity. Automation ready, the surface and rotary drills will be used at the open pit copper and gold mine currently in production.

Newcrest has ordered two Sandvik Leopard DI650i, and two Sandvik DR412i for use at Red Chris in British Columbia, Canada, an open pit copper and gold mine that recently published the outcomes of a Pre-Feasibility Study demonstrating the potential to become a world class block cave mine. Sandvik will also provide Field Service Support and Vendor Managed Inventory to support the site’s training and maintenance processes.

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Feb 23, 2022 - 3 years ago
Win A Lincoln 1884 PowerLuber Grease Gun From FLO Components At NHES 2022

FLO Components Ltd. will be exhibiting FLOlink at the National Heavy Equipment Show 2022 – “the world’s first fully independent Remote Monitoring Telematics Program, specifically for Automatic Lubrication Systems (ALS)”, says FLO’s Marketing Specialist, Gabriel Lopez.

FLO Components is holding a new contest for a chance at walking away with a Lincoln 1884 PowerLuber Grease Gun (approximate value CDN $615) on the last day of NHES 2022.

According to FLO, most ALS fail due to the pump reservoir running empty with nobody noticing, creating the potential for bearing damage. FLOlink sends you email alerts when the grease reservoir is low or if the Autogreaser fails.

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Feb 23, 2022 - 3 years ago