20.06.2006
Caterpillar to get rid of 50 jobs
Caterpillar Inc. plans to close its New Ulm, manufacturing plant.
Fifty workers are employed at the plant, which makes parts for paving equipment. The company attributed the plant closure to the restructuring of its global paving business.
Some New Ulm workers may also be relocated to Brooklyn Park, the company said. Other workers would receive severance benefits and be eligible for outplacement services.
16.06.2006
Carlyle wins the fight for Xuzhou
China"s Xuzhou Construction Machinery Group, which has agreed to sell a controlling stake in its biggest unit, Xugong, to U.S. private equity firm Carlyle Group, has dismissed the threat of a counter-bid by a domestic rival. Xiang Wenbo, executive president of heavy machinery maker Sany Corp., said that Sany aimed to take control of Xugong Group Construction Machinery Co. In October Carlyle agreed to pay $375 million for 85% of the unit.
Chinese regulators have so far not approved the
09.06.2006
Siemens and Bucyrus: another ten years together
Siemens and Bucyrus International, Inc. working at deigning new high-duty excavators for open mines during over 30 years, prolonged the contract for 10 years more.
The latest innovation presented by Siemens and Bucyrus International, Inc is the first dragline in the world with drive system of alternating current based on insolated gate bipolar transistors (IGBT). This dragline is also equipped with first non-reducer drive system of alternating current for lift-drag mechanism D3 (direct engaging
07.06.2006
It feels like home for Komatsu in Australia
Komatsu Australia has reported its New South Wales Hunter Valley branch at Mt Thorley is shaping up as a successful investment for the company, with a number of significant sales made in recent months, resulting in a busy outlook for deliveries throughout 2006.
The company said as a result of the facility there has been a significant expansion in the population of Komatsu mining equipment in the Upper Hunter, requiring the branch to substantially increase its service and support capabilities.
05.06.2006
Minority groups prefer Caterpillar
US "Minority Engineer" magazine readers ranked Caterpillar fourth out of 50 top places to work. They ranked the employers based on which place they would most like to work or which one they believed provided a positive working environment for minority groups.
Caterpillar ranked sixth last year on the magazine"s list. Employers were ranked by the frequency they were cited by respondents to a 2005 Annual Career Preference Survey.
"This improvement in the ranking is a reflection
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