Deere & Co. and Bombardier will develop new wheeled utility vehicles and technologies under a strategic alliance. The alliance will combine the efforts of Deere's Worldwide Commercial & Consumer Equipment Division and Bombardier Recreational Products to produce creative new concepts aimed at expanding the business opportunities for both companies.
The products will be manufactured by Bombardier at its Valcourt, Quebec, Canada, facility More information can be found in a story elsewhere in this issue.
Caterpillar Inc. has announced its intention to acquire all outstanding shares in the company's Indian diesel engine joint venture, Hindustan Power-plus Limited (HPL). The acquisition will include outstanding public shares, as well as those held by the company's joint venture partner, the C.K. Birla Group. HPL is a manufacturer of diesel generator sets for the Indian market and an engine component exporter to other Caterpillar facilities, both in Asia and around the world. Under its joint venture agreement, HPL operations have been managed by Caterpillar since 1993.
Bobcat Co. announced an agreement to sell Bobcat-branded compact excavators manufactured by Nagano Industry Co. Ltd., Nagano-ken, Japan. The agreement involves just one model--the ultra-compact NS08-2 -- which will be sold as the Bobcat model 316. Nagano markets excavators in North America under the Nagano brand and in Europe under the Hanix nameplate. Shipments of the machines are expected to begin in the first quarter of 2003.
Deere & Co. and Bombardier will develop new wheeled utility vehicles and technologies under a strategic alliance. The alliance will combine the efforts of Deere's Worldwide Commercial & Consumer Equipment Division and Bombardier Recreational Products to produce creative new concepts aimed at expanding the business opportunities for both companies.
The products will be manufactured by Bombardier at its Valcourt, Quebec, Canada, facility More information can be found in a story elsewhere in this issue.
Dana Corp. said it will sell a significant portion of its engine-management parts operations to Standard Motor Products for about $120 million. Dana said the sale will allow it to concentrate on its key businesses. In conjunction with the sale, it recorded a fourth- quarter charge of about $23 million.
The operations to be sold make electronic control modules, wire and cable, fuel injectors, oxygen sensors, and voltage regulators that are sold to customers such as NAPA, CSK Auto, O'Reilly Auto Parts and Pep Boys. Dana said the sale includes nine U.S. operations that employ about 1900 people and had 2002 sales of about $288 million.
Caterpillar Inc. said it will reorganize its transmission-building operations, shutting down a plant in Leland, N.C., and shifting some Illinois production to outside suppliers. About 150 jobs ultimately could be affected by the reorganization, most of which would be eliminated through attrition, Cat said. However, nearly 40 jobs will be eliminated by Oct. 31. Some production will be transferred to existing Caterpillar plants in Dyersburg, Tenn., France and Great Britain and Cat said it will immediately begin shifting production of transmission cases and covers from its East Peoria, Ill., plant to outside suppliers.
The U.S. Environmental Protection Agency and the Office of Management and Budget are jointly drafting rules for Tier 4 diesel emissions standards for off-highway equipment, as well limiting the sulfur content of nonroad diesel fuel, according to a variety of press reports.
The original EPA plan was to cap all off-highway diesel at 15 ppm sulfur by mid-2008 and to phase-in aftertreatment forcing emission standards over 2009-2012, according to DieselNet. This issue is now subject to EPA-industry negotiations. According to press reports, the EPA is now leaning toward the oil industry plan to introduce 500 ppm sulfur cap in diesel fuel in mid2007, followed by 15 ppm by 2010.
Halliburton Co. has agreed to sell its mono pumping business to NationalOilwell Inc., a maker and distributor of oil and gas drilling equipment, for cash and stock, in a deal valued at roughly $87 million.
Transportation Technologies Inc. (TTI) has formed the TTI Foundry Group that includes its Gunite and Brillion operations.
Cummins Inc. announced the formation of a combined Cummins distributor business in western Canada that will include the existing territories of Winnipeg-based Cummins MidCanada, Edmonton-based Cummins Alberta and Vancouver-based Cummins British Columbia. The combined entity will be responsible for western Canada with over 400 employees and 14 branch locations. The new business will be called Cummins Western Canada (pending name registration) and the consolidation will come into effect at the end of March 2003.
Yanmar Diesel America has appointed McDonald Equipment, Willoughby, Ohio, as its industrial engine distributor for eastern Ohio and Michigan. Yanmar also assigned additional territory to its distributor Echo Power, Charlotte, N.C. In addition to Virginia, North Carolina and South Carolina, Yanmar has assigned West Virginia, western Pennsylvania, and western New York, to Echo Power. *
No comments:
Post a Comment