Tag Archive for 'articulated haulers'

How to Get the Most Out of Your Fleet’s OTR Tires and Wheels

Bell ADT’s re-enter the U. S. Market

Bell

Bell Trucks America will be headed up by Wayne Michels, General Manager and Kevin O’Donnell, Vice President- Sales.  Wayne is focused mainly Printon Customer Support, including Parts, Service and Warranty. Wayne comes to Bell Trucks with 40+ year’s industry experience, 28 with articulated trucks; 20 with Moxy Trucks of America and the last 8 years with Terex trucks at Four Seasons Equipment.

 Kevin joins BTA from 4 years at Hydrema US and 20 years at Moxy Trucks of America, where he served as National Sales Manager for both companies.  Bell Trucks America is excited to have Kevin as part of the team. Having worked together at Moxy, Kevin and Wayne give Bell Trucks America a strong nucleus of a team determined to capture the US market for Bell Trucks.

Bell Trucks America is pleased to announce the addition for four new dealers in their first month in the United States:  Four Seasons Equipment, Inc. located in Houston, TX with offices in Dallas, TX, Lake Charles, LA and Williston, ND; Hills Machinery in South Carolina and North Carolina; Heavy Equipment Rentals & Sales, LLC, located in Corona, California and Highway Equipment Company in Western Pennsylvania.  Thomas H. Reynolds, President of Highway Equipment Company states, “We are excited about Bell Trucks.  Bell’s reputation around the world for quality, support and performance is impressive.  Here in America, Bell has started off with a team of talented people.  Parts are already on the shelves.  Support is in place.  We find Bell Trucks America to be the perfect fit in our equipment portfolio that fits Highway Equipment’s long term strategy in the mid-Atlantic region.”  In South Carolina, Jim Hills, President of Hills Machinery added, “After researching articulated trucks in the industry, we feel the Bell is the best for our markets. They have a tremendous horsepower to weight ratio that is critical for the soft conditions in the Carolinas.  We are excited to be representing Bell and looking forward to a long lasting relationship.”

For Dealership opportunities, please email Kevin O’Donnell at kevin@belltrucksamerica.com. Bell Trucks America website can be viewed at www.belltrucksamerica.com.

Caterpillar Completes Acquisition Of Bucyrus, Creating Mining Equipment Group

Driven by a key strategic imperative to expand its leadership and support for customers in the mining industry, Caterpillar Inc.  today announced it has completed its acquisition of Bucyrus International, Inc. Caterpillar funded the acquisition, valued at approximately $8.8 billion (including net debt), using cash from its balance sheet and debt. The company did not issue equity to help fund the transaction.

Caterpillar Group President Steve Wunning will have executive office accountability for Caterpillar’s Global Mining business, including Bucyrus.

“We are pleased to complete this acquisition and are proud to welcome Bucyrus employees to Caterpillar,” Wunning said.  “We are bringing together the best people, the best products and the best facilities from both companies.  This acquisition is all about growth and unprecedented opportunities. Combined with our aggressive product development and capacity expansion plans, it will position Caterpillar to offer a broad range of surface and underground mining products and solutions to our customers,” Wunning added.  “The rapid development of the world’s emerging markets is expected to continue to drive an increasing need for commodities as billions of people around the world seek to improve their standard of living.  Wherever there is mining, Caterpillar and our dealers will be there to serve our mining customers,” Wunning added.

Since we announced the acquisition last November we’ve been busy planning to bring Bucyrus into the Caterpillar family.  A dedicated team has been working on the integration plans and we are excited to begin implementation.  As part of the integration process, we are pleased to report on the following key areas – organization structure, branding and distribution, synergy benefits, and funding.

Organization Structure— As previously announced, the Caterpillar Global Mining headquarters will be in Oak Creek, Wisconsin and will include three mining divisions reporting to Steve Wunning.

  • Caterpillar Vice President Dave Bozeman will lead the Integrated Manufacturing Operations Division, which will include the global manufacturing operations for Caterpillar mining products.  The division has manufacturing operations in Asia, Australia, Europe and North America.
  • Caterpillar Vice President Chris Curfman will lead the Mining Sales and Marketing Division, with global responsibility for maintaining and enhancing customer relationships, developing the global marketing strategy and ensuring future growth opportunities.
  • Luis de Leon, previously chief operating officer for Bucyrus, has been elected by the Caterpillar Board of Directors as a corporate Vice President, and will lead the new Mining Products Division.  The division will be responsible for overall mining product strategy development, product design and product sourcing.

In addition, several other Caterpillar divisions will provide critical support to the mining business.  These divisions include the Large Power Systems Division, Advanced Components & Systems Division, Remanufacturing & Components Division, Parts Distribution & Logistics Division and Global Purchasing Division.

Branding— For the past several months, Caterpillar has evaluated the best approach for branding legacy Bucyrus products.  We sought input from dealers, customers, the leadership of Bucyrus and outside industry and branding experts.  The conclusion was a single brand— Caterpillar— for our mining products.

“As we examined this issue, it became clear it would be in the best long-term interests of our business to have a single brand for our mining customers, and that brand will be Caterpillar,” Wunning said.   “This decision is important to quickly bring together one team with a single face to our customers.  The decision was endorsed by the Bucyrus Board of Directors, and we will begin to transition Bucyrus products to the Caterpillar brand in a quick and orderly fashion.”

Distribution— In addition, it became clear that the capabilities of the Cat dealer network with mining customers meant that all products should be sold and serviced by Cat dealers. This is consistent with our long-held distribution strategy of strong, entrepreneurial, independent dealers.  Since Bucyrus predominantly employed a direct model to sell and support products, we’re beginning the process to transition distribution and support to Cat dealers.   We plan to sell the Bucyrus distribution business to Caterpillar dealers that support mining customers around the world.  While discussions with dealers are just beginning, we estimate the value of the Bucyrus distribution business to be substantial.

“Our dealers are very excited about the Bucyrus acquisition and are ready to move forward with the distribution business.  Cat dealers have a proven track record in helping customers realize the highest productivity and lowest owning and operating costs, and many mining customers have told us how important the dealers are to their success,” Wunning added.

Funding – At the time we announced the acquisition, we expected to fund it through a combination of debt, up to $2 billion of new equity, and cash.  As a result of excellent cash flow and an increasingly strong balance sheet, we’re pleased to report that we completed the acquisition without the need to issue equity.  We issued $4.5 billion of new debt on May 24, 2011, at historically low rates.

Synergy Benefits— The purchase of Bucyrus is a great strategic acquisition for Caterpillar.  In the time since the acquisition was announced, we have further validated the assumptions that led to this decision.  The combination of the speed and responsiveness of Bucyrus, along with the process discipline and execution of Caterpillar, will result in a business that will deliver more benefits and value than could be accomplished by either company alone.

The benefits include higher sales of new equipment and aftermarket parts and support, lower product cost and greater reliability driven by the use of Caterpillar engines and components in Bucyrus products and improved service and lower owning and operating costs driven by Caterpillar’s global manufacturing, supply chain and purchasing capabilities.

“Today’s announcement marks the beginning of a new era in Caterpillar’s mining business,” said Wunning. “The joining of these two iconic companies is an incredible combination. It positions us for long-term success in an industry with significant growth potential, and we intend to fully leverage our unique strengths to help the mining customer make money. In turn, that will benefit our employees, our stockholders, and the communities in which we live and work. We’re ready to get started.”

Teleconference and webcast access:

Caterpillar will conduct a 90-minute real-time, listen-only teleconference to discuss the acquisition of Bucyrus and second-quarter 2011 financial results with security analysts and institutional investors. The call will begin at 9:30 a.m. Central Time on July 22, 2011. The conference call can be accessed by telephone from both domestic and international locations, with a listen-only entry code provided below:

Conference Call Number:  877-216-8554 (domestic)

973-528-0009 (international)

Listen Only Entry Code:   5621

To access a telephone replay of this call, please dial 800-332-6854 (for domestic callers) and 973-528-0005 (for international callers) and enter 5621 as the conference ID.  This telephone replay will be available for 90 days.  The call can also be accessed in real-time through http://www.caterpillar.com/Irwebcast.  Listeners should go to the website at least 15 minutes before the live event to download and install any necessary audio software. The transcript from the conference call will be made available on http://www.caterpillar.com/Irwebcast following the webcast.

For those unable to participate in the live broadcast, the replay will be available through http://www.caterpillar.com/Irwebcast shortly after the live event. There is no charge to access the webcast. Those without access to the Internet may request a fax of Caterpillar’s transcript by calling 800-228-7717 (U.S. and Canada) or 858-244-2080 (for all other regions).

The following announcement was released by Caterpillar minutes before the announcement immediately above.

China Approves Caterpillar Acquisition of Bucyrus

The Ministry of Commerce of the People’ s Republic of China gives clearance for acquisition to proceed

Caterpillar Inc. and Bucyrus International, Inc. received notification from the Ministry of Commerce of the People’s Republic of China (MOFCOM) that it has formally approved Caterpillar’s planned acquisition of the Wisconsin-based mining equipment company.

This action follows the United States Department of Justice’s recent clearance of the transaction. The MOFCOM clearance is the last major regulatory requirement needed for the acquisition to be completed. The deal, valued at approximately $8.8 billion (including net debt), is expected to close shortly.

Volvo Construction Equipment Plans To Spend 100 Million USD In Its North American Operations And Bring Its Regional Sales And Rental Activities To Shippensburg, PA, USA.

Over the next couple of years, Volvo CE plans to spend 100 million USD in its Shippensburg, PA, USA manufacturing facility and start production of Volvo wheel loaders, excavators and articulated haulers in North America.  Also, the Volvo CE North American sales headquarters and Volvo Rents will relocate from Asheville, NC to Shippensburg, PA by September 2012.

“It makes sense, when possible, to manufacture products close to where our customers are,” said Olof Persson, President and CEO of Volvo Construction Equipment.  “The global demand for Volvo construction equipment is rapidly increasing and we need to make investments to meet future demands in the region. Producing Volvo wheel loaders, articulated haulers and excavators in Shippensburg will result in shorter lead times for our customers. We will work closely with local suppliers to increase the North American content of our products. This will further reduce our exposure to exchange rate fluctuations, which will already be positively affected by our bringing more production to the USA.”

A world class Customer and Demonstration Center will be built in Shippensburg. In addition, Volvo CE will put up a new office building on the campus to house its Regional Sales Headquarters, its Volvo Rents offices, and its Training Center.

All Asheville, North Carolina based employees will be given the opportunity to relocate to Shippensburg. The move, which willaffect about 220 employees, will be concluded no later than September 2012. A comprehensive plan to assist with relocation is under development. For those employees who are unable or not prepared to relocate, an extensive human resources plan is currently being put in place.

Since the acquisition of the Shippensburg facility in 2007, Volvo Construction Equipment has continuously invested in the existing plant.  In June 2010, a 200,000 square foot, 30 million USD expansion of the facility was finalized, to improve manufacturing flow and increase production space to incorporate the production of Volvo motor graders.

Manufacturing Volvo wheel loaders, articulated haulers and excavators in Shippensburg, PA will have no significant impact on the current production in other Volvo locations.  It will also further improve the competitiveness and profitability of the total business.

Volvo To Equip All General Purpose Machines With Caretrack Telematics System As Standard

Volvo Construction Equipment has announced it will fit as standard its remote monitoring (telematics) system on all larger machines – along with a no charge 36 month CareTrack service subscription.

caretrack wrapUnder the plan, all newly produced larger machines (wheel loaders over 10 tons, articulated haulers, excavatorsover 12 tons, motor graders) ordered for markets with CareTrack availability, will be standard equipped with telematics and will be delivered with a no charge, 3-year CareTrack customer subscription that enables owners to enlist the full range of benefits available with remote monitoring.

“Volvo Construction Equipment feels that remote machine monitoring is a feature with high business value for the customer and we want to accelerate its adoption throughout our various market segments.” says Tomas Kuta, President of Customer Support for Volvo Construction Equipment. “Every segment we participate in is being driven toward increasingly sophisticated business approaches by the combined influences of environmental and safety concerns, globalized economies and ever more demanding end customers. Higher adoption levels of telematics and the services that can be delivered using the technology will enable our dealers to more effectively tailor and deliver solutions for our customers.”

CareTrack is Volvo Construction Equipment’s state-of-the-art telematics system used to manage a machine’s productivity and maximize its availability for work. Using GPRS (mobile network) or satellite technology to send information, data is available securely and instantaneously to any remote online connection. Through fault reporting and activity warnings and by facilitating remote diagnosis, the goal is that machine problems will be identified sooner and resolved faster. Machine operation and deployment can be optimized via functions that monitor fuel consumption, location, hours of operation, speed and approaching service intervals. Combined with Volvo’s remote self diagnostics (VCADS) and software productivity tools (MATRIS), CareTrack provides the most comprehensive uptime and productivity solution in the industry.

“Through constant machine monitoring, CareTrack can deliver the extra efficiencies that our customers need by ensuring machines are available for work and that they perform that work in the best way possible.” Says Mr. Kuta. “Telematics have come a good distance in a fairly short time. Previously customers have had to make a purchase decision about CareTrack installation and we feel at times the potential benefits available with its use in their particular application has not been clear to them. Further, it was not available on as many machine models as we will now equip. This move is a statement to our customers that telematics are becoming a ‘must have’ for ongoing competitiveness in their business – and we are committed to their success.” says Mr Kuta. “Soon, the value of CareTrack will be as self evident as other industry technologies like GPS grade control – and our customers will be among the first to wonder how they managed without it.”

CareTrack is available on the following machine models
– Wheel Loaders L60F – L350F, excluding L180HL
– Articulated Haulers A25E – A40E
– Wheeled Excavators EW160C – EW230C
– Crawler Excavators EC140CL – EC700CL
– Motor Graders G930 – G990
– Tracked Forestry Carrier FC2421C
– Standard Demolition EC210CLD – EC700CLD
– High Reach Demolition EC360C-HR & EC700B-HR
– Pipelayers PL4608, PL4611