Tag Archive for 'agriculture'

AEM Reminds Industry That Hall of Fame Nominations Due By June 12, 2019

Don’t Delay: Submit AEM Hall of Fame Nominations by June 12

TheAssociation of Equipment Manufacturers (AEM) Hall of Fame is seeking outstanding equipment industry leaders who have made meaningful advancements to the industry’s growth and success.

Nominate a deserving individual by June 12 to be considered for 2019 AEM Hall of Fame induction.

Details and the easy-to-fill-out nomination form are online at www.aem.org/HallofFame.

The AEM Hall of Fame celebrates those who have changed the trajectory of the off-road equipment industry with their vision and creativity.

Anyone (living or deceased) who have made noteworthy and specific industry contributions is eligible for induction.

Candidates are evaluated by an independent panel of judges, and inductees are announced and celebrated at AEM’s Annual Conference of Member Companies.

The AEM Hall of Fame highlights the off-road equipment manufacturing industry’s legacy of progress to promote greater understanding and appreciation for its contributions to global economic and social prosperity – and to inspire the next generation of industry leaders, innovators, and visionaries.

Individually and collectively, AEM Hall of Fame inductees represents some of the best, brightest and most influential minds in the history of the off-road equipment industry.

For more information, please contact AEM’s Pat Monroe (pmonroe@aem.org, tel: 414-298-4123).

About AEM – AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies. AEM is celebrating its 125th anniversary in 2019. Learn more about AEM at https://www.aem.org/.

AEM Elects Directors to AG and CE Sector Boards

                        Wacker Neuson and DISTek Integration Executives Take Leadership Roles

 

 The Association of Equipment Manufacturers (AEM) has elected Johannes Schulze Vohren, Regional President North America for Wacker Neuson, to the AEM CE Sector Board and Jeremy Yoder, Executive VP and COO of DISTek Integration Inc., to the AEM AG Sector Board to fill unexpired terms.

Johannes Schulze Vohren, Regional President North America for Wacker Neuson

“We welcome Johannes and Jeremy and want to publicly thank them and their companies for their support of the Association and its goals,” said AEM President Dennis Slater. “AEM could

Jeremy Yoder, Executive VP and COO of DISTek Integration Inc.

not succeed and grow without the dedication of its volunteer leadership and active member participation. They help ensure AEM delivers quality results that continue to strengthen member companies and the industries they serve.”

AEM officers and directors come from an industry cross-section and work cooperatively on behalf of the entire membership. They provide strategic direction and guidance for Association initiatives that help members and the industry succeed in an ever-changing business environment. Key action areas include advocacy and public affairs, market information, exhibitions and events, and safety, regulatory and technical issues.

Johannes joined Wacker Neuson in 1994 and has held a variety of management positions including sales and product support for the U.S. international markets, business systems and information technology and ogistics. He has also worked in consulting and in international sales at Case IH and Tenneco Automotive.

Jeremy joined DISTek in 1998, serving many roles, including Vice President Engineering before becoming Executive Vice President and Chief Operating Officer. He has more than 20 years of experience developing software solutions for the ag and construction equipment industries.

AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry supports 1.3 million jobs in the U.S., and 149,000 more in Canada. Equipment manufacturers also contribute $188 billion combined to the U.S. and Canadian economies. AEM is celebrating its 125th anniversary in 2019.

 

Learn more about AEM at www.aem.org.

Michelin and Camso recently reached an agreement whereby Michelin will acquire Camso

Michelin and Camso recently reached an agreement whereby Michelin will acquire Camso, headquartered in Magog, Quebec, Canada, and whereby the two companies’ off-the-road (OTR) operations will be combined to form a new division to be managed from Quebec. Led by a set of common values and a strong tradition of innovation and R&D at both Michelin and Camso, and backed by high-quality teams, the strategic partnership makes the newly created entity the world leader in OTR mobility.

Reporting net sales of US$1 billion, Camso has been designing, manufacturing and marketing OTR mobility solutions since 1982. Camso is a market leader in rubber tracks for farm equipment and snowmobiles, and in solid and bias tires for material handling equipment. It also ranks among the top three players in the construction market, in track and tire solutions for small heavy equipment. Leveraging its technological leadership in tracks and related systems, its competitive manufacturing footprint, particularly in Sri Lanka, and strong customer awareness of its CAMSO and SOLIDEAL brands, Camso has demonstrated its ability to grow rapidly, expanding at an average pace of 7% per year since 2012.

By joining forces with Camso, Michelin will create the world’s number one OTR market player, headquartered in Quebec. The business will benefit from the expertise of Camso’s management team and Michelin’s long-standing presence in Canada, both in Laval, Quebec and in Nova Scotia. As world leader, the new entity will represent more than double the net sales of Camso, supported by 26 plants and approximately 12,000 employees and will benefit from sustainably dynamic markets.

Thanks to the complementary positioning of the two companies’ product and service offerings, the transaction is expected to deliver the following benefits:

  • In marketing and sales:
  • In the agricultural market, the creation of a unique player providing its customers with a comprehensive range of premium radial tires and tracks.
  • In the construction market, Camso will reinforce Michelin’s offering with its bias tires and tracks offerings.
  • In the material handling equipment market, Michelin will leverage Camso’s renowned SOLIDEAL and CAMSO brands to become the market leader in solid tires.

The deployment of the new entity’s offer will be accelerated by the complementarity of both Michelin and Camso’s distribution networks.

  • In technology:

Cooperation between Camso and Michelin researchers will bolster the Group’s innovation capacity in tracks and airless tires. Cross-fertilization of R&D expertise will enable the teams to consolidate the Group’s position as a global technological leader in support of sustainable mobility, as Michelin’s headway in terms of long-lasting performance of tires is a differentiating factor and a key strength for reducing its environmental footprint. In addition, Michelin’s technological breakthroughs in reducing soil compaction while maintaining superior traction, for example, will contribute to the products that Camso develops.

  • In manufacturing:

A strong manufacturing presence of Camso in emerging markets, particularly in Sri Lanka and Vietnam.

Jean-Dominique Senard, Chief Executive Officer of the Michelin group, said: “Michelin and Camso have many values in common. This acquisition is a wonderful mutual opportunity. Michelin will benefit from all of Camso’s skills in the off-the-road mobility markets and Camso from the full range of Michelin’s expertise in the specialty markets.”

“Joining up with Michelin’s off-the-road teams is a fantastic opportunity for Camso because of the similarity of our cultures as well as our growth potential,” said Pierre Marcouiller, Executive Chairman of Camso. “Camso will achieve its ambition to become the global off-the-road market leader and will contribute its dynamic teams, its technical and manufacturing assets and its customer-focused mindset. The transaction has received the backing of all Camso’s shareholders.”

Through studies and discussions with Camso, Michelin has identified significant opportunities to increase sales and reduce costs, thereby unlocking up to US$55 million in synergies by 2021. After obtaining the customary approvals, Michelin will acquire Camso for US$1.45 billion, corresponding to an enterprise value of US$1.7 billion, i.e., a multiple of 8.3 times EBITDA* after synergies. The transaction will not impact the Group’s robust financial position.

As part of the transaction, Michelin has made the following commitments:

  • The OTR division’s decision-making center will be based at Camso’s headquarters in Magog. The management teams, including the top executive, will work out of the Magog office.
  • Headcount at Camso headquarters (300 employees, of which 100 in R&D) will remain stable, and existing R&D operations and production jobs in Quebec will be maintained.
  • The new skill sets required to oversee this global business, and the anticipated growth in the division’s net sales, will lead to the creation of new high-quality jobs in the Magog region in the coming years.

With this transaction, the Michelin Group is confirming its strategic commitment to expanding in the tires and services domains while rolling out its strategy in materials and distribution. Michelin also indicates that, following a thorough analysis, the synergies expected to result from the Fenner acquisition have been revised upward, to £60 $79.40 USD) million from the initially announced £30($39.70 USD) million

President Trump Is Cutting Red Tape On Infrastructure Projects

President Trump Is Cutting Red Tape On Infrastructure Projects

IMPROVING ENVIRONMENTAL REVIEWS:  President Trump’s Administration is working together to improve and streamline environmental reviews for major infrastructure projects.

  • Federal agencies are signing the One Federal Decision Memorandum of Understanding (MOU), establishing a coordinated and timely process for environmental reviews of major infrastructure projects.
  • The signatories of the MOU have agreed to an unprecedented level of collaboration in the environmental review process and include the:
    • Departments of the Interior, Agriculture, Commerce, Housing and Urban Development, Transportation, Energy, and Homeland Security
    • Environmental Protection Agency
    • U.S. Army Corps of Engineers
    • Federal Energy Regulatory Commission
    • Advisory Council on Historic Preservation
    • Federal Permitting Improvement Steering Council
  • One lead Federal agency will be responsible for navigating each major infrastructure project through the entire Federal environmental review and permitting process.
    • Until now, project sponsors have had to navigate decision-making processes across multiple Federal agencies. Federal agencies will work with the lead agency for a project to develop a single Environmental Impact Statement and sign a single Record of Decision.
    • The lead agency will seek written concurrence from other agencies at important points in the process.
  • Federal agencies will follow permitting timetables established by the lead Federal agency, with a goal of completing the process within two years.
    • In the past, Federal agencies were generally not required to follow a comprehensive permitting timetable.
    • Under the MOU, Federal agencies will conduct their review processes at the same time, rather than sequentially, which has led to unnecessary delays.
  • The MOU will ensure interagency issues and disputes are elevated and resolved in a timely manner.
    • Previously, interagency disputes could remain unresolved for years.

DELIVERING STREAMLINED DECISION-MAKING: The One Federal Decision MOU follows through on the President’s policy of streamlining inefficient and lengthy environmental reviews.

  • The MOU will deliver on the President’s policy of One Federal Decision for major infrastructure projects.
  • President Trump’s Executive Order 13807 established a One Federal Decision policy for major infrastructure projects.
    • The Executive Order directed the Office of Management and Budget and the Council on Environmental Quality to develop a framework for implementing One Federal Decision.

CUTTING COSTLY DELAYS:  Inefficient environmental review processes have led to unnecessary delays, depriving our communities of needed infrastructure projects.

  • The MOU improves Federal agency cooperation and ensures Federal agencies establish coordinated permitting timetables for major infrastructure projects, cutting down on needless delays.
  • Too many important infrastructure projects have been held up for years by the environmental review process.
  • The median environmental review completion time for a complex highway project is more than seven years, according to a 2014 Government Accountability Office report.
  • The environmental review and permitting process for the Herbert C. Bonner Bridge Replacement Project in North Carolina took more than 20 years.
    • The environmental review process involved numerous studies and interagency disputes and was subject to extensive delays.
    • The original bridge was well past its design life and is now being replaced with a design that can better withstand the harsh coastal environment.
    • The One Federal Decision framework would have allowed for a much more timely environmental review process.
  • Loop 202, a critical freeway project which will provide an alternative route of travel around Phoenix, took well over a decade to complete the environmental review process.
    • Loop 202’s environmental review faced numerous setbacks and dragged on for years due to poor communication, no agreed upon timetable and other issues.
    • The project, which is the largest in Arizona’s history, is finally in the final stages of development.
    • Had One Federal Decision been in place, agencies could have identified and resolved conflicts throughout project development and reduced their impact on project schedules.

AEM Director Questions Kasich on Trade at CNN Town Hall

AEM_logo_wo_cmykDennis Slater, the president of the Association of Equipment Manufacturers (AEM), issued the following statement after Tuesday’s Republican presidential town hall on CNN in Milwaukee.

During the town hall, Jim Walker, Vice President of Case IH North America, asked Ohio Gov. John Kasich about pro-manufacturing trade policy.
Slater said:

I join our hundreds of AEM member companies in applauding Jim Walker for using Tuesday’s town hall as an opportunity to help focus Wisconsin voters and a nationwide audience on the manufacturing issues that will matter on Tuesday in the Wisconsin primary. Trade is one of the many manufacturing issues at stake this Tuesday, along with taxes and regulation, infrastructure and a strong agricultural sector.

Our goal this election season has been to consistently communicate equipment manufacturers’ perspectives toward these issues to candidates, communities and tens of thousands of grassroots manufacturing voters across the country. I’m hopeful that Jim’s exchange lent them some clarity in determining their vote this election season.

Jim Walker, an AEM Director who serves as chair of AEM’s Ag Sector Board, added:

I’d like to thank both CNN and AEM for the once-in-a-lifetime opportunity to participate in Tuesday’s town hall. I wanted to ask Gov. Kasich about trade because, as someone who works for an equipment manufacturer, I see how this issue and many of the other issues we’ve heard about on the campaign trail actual play out in the real world.

I would like to thank Gov. Kasich for taking the time to offer his thoughts, and I hope that Wisconsin’s manufacturing voters found it helpful in determining their vote on Tuesday.

Walker’s question to Kasich was:

I represent a manufacturer, farm equipment manufacturer, here in Wisconsin that directly employs many thousands of people. Indirectly, as you can imagine, with farm equipment that we sell, we indirectly support many more thousand farmers who buy our equipment. On top of that we export about a third of our product that we manufacture here in essence. So in essence, we’re a global manufacturing company.

To spark a trade war right now would not only be detrimental to business, but all of those people directly and indirectly that I said we support.

My question to you is, as president, how would you engage in diplomacy that won’t hurt global manufacturing businesses?