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Industry News - Page 546 of 767

  • Yanmar Completes Acquisition Of North American Loader Manufacturer ASV Holdings

    Yanmar Group has completed its acquisition of compact equipment manufacturer ASV Holdings Inc. (“ASV”), a designer and manufacturer of renowned compact tracked loaders (“CTLs”) and skid-steer loaders (“SSLs”). The announcement is the final step in the acquisition, following on from the June disclosure of a definitive agreement to acquire the company through the mechanism of a statutory merger.

    Yanmar has acquired 100% of ASV’s outstanding shares of common stock for total consideration of $70.70 Million, or $7.05 per share.

    ASV’s independent dealer network throughout North America, Australia, and New Zealand will join Yanmar’s existing global construction equipment operations. The company also sells OEM equipment and aftermarket parts, and owns and operates a 238,000 square-foot production facility in Grand Rapids, MN.

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    Sep 11, 2019 - 6 years ago

  • New 90-Ton Mining Dump Truck Model From OJSC "BELAZ"

    The family of BELAZ branded mining dump trucks of the 7558 series has replenished with the new BELAZ-7558F model. The dumpers of these series were marked in the history of mining equipment as the first 90-ton trucks with electromechanical transmission.

    90-ton BELAZ dump trucks with electromechanical transmission rapidly broke into the mining market and quickly gained popularity thanks to a combination of innovative technical solutions, good consumer characteristics and reasonable prices.

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    Sep 10, 2019 - 6 years ago

  • Suncor Energy To Invest $1.4 Billion In Low-Carbon Power Cogeneration At Its Oil Sands Base Plant All Financial Figures Are In Canadian Dollars

    • Delivers superior returns and a significant contributor to the company’s goal of growing incremental free funds flow by $2 billion by 2023
    • Suncor’s greenhouse gas (GHG) emissions associated with steam production at Base Plant will be reduced by approximately 25%
    • GHG emissions in the province of Alberta will be reduced by approximately 2.5 megatonnes per year

    Suncor announced it is replacing its coke-fired boilers with two cogeneration units at its Oil Sands Base Plant. The cogeneration units will provide reliable steam generation required for Suncor’s extraction and upgrading operations and generate 800 megawatts (MW) of power. The power will be transmitted to Alberta’s grid, providing reliable, baseload, low-carbon power, equivalent to approximately 8% of Alberta’s current electricity demand. This project will increase demand for clean natural gas from Western Canada.

    “This is a great example of how Suncor deploys capital in projects that are economically robust, sustainability minded and technologically progressive,” said Mark Little, president and chief executive officer. “This project generates economic value for Suncor shareholders and provides baseload, low-carbon power equivalent to displacing 550,000 cars from the road, approximately 15% of vehicles currently in the province of Alberta.”

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    Sep 9, 2019 - 6 years ago

  • 10th annual Ritchie Bros.' Corporate Kids Challenge surpasses $1.5 million raised for KidSport B.C.

    MLA Anne Kang also presented a $400,000 contribution to KidSport from the Province of B.C.

    Ritchie Bros.' Corporate Kids Challenge charity event celebrated its 10th year this past weekend, with more than 250 participants and $160,000 raised, bringing the event's 10-year total to $1.5 million!

    All funds raised in this fun and action-packed event—which pits corporate teams from across Greater Vancouver against each other in a series of sports-day challenges—go to Kidsport B.C., a long-running charity designed to help financially-disadvantaged children participate in amateur sport. 

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    Sep 9, 2019 - 6 years ago

  • BC Ferries Adds Beer And Wine To The Pacific Buffet Menu

    The one-year trial starts late October

    VICTORIA – BC Ferries is adding beer and wine to the Pacific Buffet menu on a trial basis, starting in late October.

    “Many of our customers have said they would like to have a glass of wine or beer with their meal while sailing with us,” says Melanie Lucia, Executive Director of Catering and Terminal Operations. “We look for ways to enhance the customer experience and are pleased to now offer these beverages in the Pacific Buffet.”

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    Sep 9, 2019 - 6 years ago

  • Navistar Announces Champions Of The 2019 Technician Rodeo

    Representing Navistar’s commitment to customer uptime, technicians from Arizona, Ontario, Canada, and Yumbo, Colombia, finished first place within their category at the 2019 Technician Rodeo. The annual competition, which is hosted at the company’s Woodridge, Illinois, product support center, tests the skills and speed of service of its top technicians throughout its dealer network.

    In the thirteenth iteration of the event, Brandon Wesselius of Lewis Motor Sales, Inc., in Owen Sound, Ontario, walked away with the Top Service Technician award for truck, and Nathan Reed of RWC International in Phoenix, Arizona, earned the top award for bus. In the global competition, which brings all the regional winners throughout the Americas together to compete for top bragging rights, Victor Velasco of Navitrans S.A.S. in Yumbo, Colombia finished in first place.

    “We are extremely proud of not only this year’s winners, but of all the technicians who qualified as finalist for our 2019 Technician Rodeo,” said Carlos Junquera, Director of Product Support at Navistar. “Each highly skilled technician perfectly reflects our company’s commitment to technical excellence and the importance of providing the best customer uptime in the industry.”

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    Sep 6, 2019 - 6 years ago

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