Monday, May 23, 2022

Table of Contents for Ticker Tape





Ticker Tape - Equipment

L&T and Gulf Oil jointly launch Genuine Oils for Construction Equipment

Construction & Mining Machinery Business of Larsen & Toubro Limited  (L&T-CMB) and Gulf Oil Lubricants India Ltd have collaborated to launch a range of Genuine Oils to cater to the distinct and technologically progressive needs of the Construction Equipment sector.

This strategic agreement was signed between Ravi Chawla, MD & CEO, Gulf Oil and  Arvind K Garg, EVP & Head, L&T-CMB, in Bengaluru recently in the presence of senior executives –  Deepak Tiwari, Head-Infra, Mining & Fleet Management Business & Vivek Tomar, Head-Construction OEM of Gulf Oil and  Vivek Hajela, Vice-President-CEB & K.A.Sravan Kumar, Head- Product Support of L&T-CMB.

The range of products include Hydraulic Oil, specially formulated for Wheel Loader and Genuine Grease, which meets the needs of the Road Construction equipment, manufactured by L&T Construction Equipment Limited (LTCEL), a wholly-owned subsidiary of L&T. These Genuine Oils will be distributed by L&T-CMB exclusively through its authorized dealers pan-India. Other products which are under development and will be released progressively are Hydraulic Oil &Roller Oil for Compactors and Transmission Oil for Wheel Loaders.

Speaking on the launch, Ravi Chawla, MD & CEO, Gulf Oil Lubricants India Ltd said, “We are extremely delighted to have partnered with L&T-CMB. Our association aims at collectively working towards offering constructive and effective solutions to the ever-advancing demands of the industry. I am sure this partnership will grow to benefit the industryand aid in raising the service standards”.

In his address, Arvind K. Garg, Executive Vice-President & Head, Construction & Mining Machinery Business, Larsen & Toubro, said, “Coinciding with the 75 years of valued association with the Construction & Mining Machinery Industry, we have been working on enhancing industry-specific initiatives. This partnership with Gulf Oil is yet another effort to provide a larger platform for our Made-in-India products and a superior offering to customers to ensure higher machine uptime and a distinctive machine-owning experience.” 

 

 

 

JCB debuts rotating telehandler for N.A. market

JCB North America has launched a new rotating telehandler, the 512-83R. Offering a maximum lift capacity of 12,000 pounds and a maximum working height of 83 feet, the 512-83R is powered by a 145hp JCB EcoMax engine and has a two-speed hydrostatic transmission with a top travel speed of 25 mph.

The new rotating telehandler has a 7-inch display screen that can be programmed with envelop limits and it also can be utlized with a range of attachments, including winches and work platforms, with RFID tags for active load charts. The 512-83R’s stabilizers feature auto one-touch deployment, stowage and levelling, and the machine also has JCB LiveLink telematics system as standard with a 5-year subscription. The 512-83R has a lower chassis-mounted engine layout, with a low boom design that JCB says provides all-round visibility. The unit also has numerous options including work light and camera kits, which include a boom head camera for precise placement at height.

Additional attachments include: pallet forks, carriage winch, jib winch, a reduced height jib, a lifting hook, light duty bucket, 360° rotating forks and a range of useful fork-mounted accessories. The machine also offers remote-control lift-end operation and the availability of mobile elevating work platforms.

 

                                                

 

Kobelco produces its 300,000th excavator

Japanese manufacturer Kobelco Construction Machinery has produced its 300,000th hydraulic excavator to date. The Tokyo-based firm said it would not have achieved the milestone if were not for the support of its customers, and held a celebratory ceremony at its Itsukaichi factory in Hiroshima Prefecture to mark the occasion. Kobelco was officially founded in 1999 - as a result of the demerger of Kobe Steel’s construction machinery business - the hydraulic excavators it produces today have a history that stretches back to 1983 when Kobe Steel acquired Yutani Heavy Industries. It was then that the company began producing excavators at its production site in Hiroshima and later  a merger led to the creation of the first SK Series excavator - the machine from which the 300,000 unit total has been calculated. While the very first SK Series excavator was manufactured at the company’s former Gion factory and later machines were made at its Numata factory, the 300,000th Kobelco excavator rolled off the production line at its Itsukaichi site.

 

 

 

New 100 tonne Tadano for PTK

PTK Crane currently rents cranes to a variety of customers and contractors, including many who are working on renovations and expansion for the Queen Sirikit National Convention Center in Bangkok, a major national project costing 12 billion Thai baht ($360 million), due to be completed in September 2022. The crane was chosen for its use in confined spaces.

Doubling up

Two GR-1000EX-4 cranes were purchased from Tadano, the first was delivered in February 2021 and the second unit in October.

PTK Crane also acquired two additional GT-750ER truck cranes to add to the two already in its fleet from Tadano Italthai Co.

Tadano Italthai was formed as a Thai-Japanese joint venture between Tadano and long-time Thai distribution partner Italthai Industrial in 2017.

 

 

 

Volvo CE launches three new electric machines

Volvo Construction Equipment (Volvo CE) has launched three new electric compact machines, the L20 electric wheeled loader and the EC18 Electric and ECR18 Electric excavators.

The OEM says that this means that it now has the broadest range of electric construction equipment in the industry – the company now has five electric machines. The new models will be available in the second quarter of 2022 but are available for pre-order now.

The 4.5 tonne L20 Electric wheeled loader is based on the larger L25 Electric model. It features a 1.8 tonne payload and a parallel-type linkage offering good visibility over the attachment being used, outstanding lifting height, as well as 100% parallel movements. Expected to deliver up to six hours of active work per charge, the electric machine comes with a choice of battery pack (33kWh or 40kWh) and reduces maintenance by 30%.

The EC18 Electric offers customers a cost-efficient compact excavator working in 1.8-ton applications. Its variable undercarriage retracts to less than 1m and expands up to 1.35m. The machine’s design ensures the right frame corner, swing post and cylinder stay within the tracks’ width, resulting in maximum visibility and a reduced risk of machine damage when working alongside obstacles. It also offers the option of an enclosed and heated cab.

The ECR18 Electric is the short radius equivalent, and provides the same best-in-class stability and operator experience as its diesel counterpart but with the benefit of low noise, low vibration and more responsive hydraulics due to the immediate torque. Delivering an anticipated four hours of active work per charge, depending on the environment and task in hand, the ECR18 Electric also benefits from an ultra-short tail radius, making it ideal for confined spaces.

All three machines come with an integrated on-board charger allowing them to charge from 0 to 100% in under six hours. With an optional fast off-board charger, the L20 Electric will fully charge in under just two hours, while the ECR18 Electric and EC18 Electric will charge up to 80% in up to 1.25 hours.

Volvo CE also announced the launch of EMMA - the company’s Electric Machine Management Application that will provide insights into battery level and remaining working hours, charging status, geographic location and more.

 

 

 

UP Group takes delivery of Palfinger ‘anniversary platform’

Aerial platform provider UP Group has taken delivery of the 2,000th Palfinger Light NX truckmount.

The Swiss company, which employs over 100 people and has 13 branches across the country, specialises in the sale and rental of access platforms, passenger hoists and goods elevators.

The 2000th machine to roll off the production line was handed over to the rental company at Palfinger’s headquarters in Lengau, Austria.

According to Palfinger, the “anniversary platform” is the 184th in the series to be purchased by UP Group. The model features a “robust telescopic system made of anodized aluminium”, automatic stabilisers and a slewing range of 185°. The Light NX model is also equipped with a 300kg capacity basket and designed for easy use, enables operators to carry out four machine movements at once from the control panel. Described as being “in a league of their own”, Palfinger has been manufacturing its Light NX access platforms for 12 years.

 

 

 

Snorkel upgrades mid-size boom line

All Snorkel mid-size telescopic boom lift models will now feature a new dual envelope design as standard, delivering higher lifting capacities on all six models. The Snorkel 400S, 460SJ, 600S, 660SJ and 600S and 660SJ all-terrain have been fitted with a newly designed, globally compliant jib boom. Measuring 5 feet, 6 inches (1.67m), the new jib boom reduces the stowed length of the unit for ease of transportation, while enabling higher lifting capacities.

All six models will now deliver a maximum platform capacity of 1,000 pounds (454kg) with a restricted working envelope and 600 pounds (272kg) unrestricted. Developed in response to customer demand, the higher lifting capacities enable workers to carry additional tools and materials to the work area, increasing jobsite productivity. The latest models also feature upgraded controls with a visual indicator showing the operator which capacity zone they are in and clearer graphical display for ease of operation. The upgraded models are now in production and available to order globally.

 

 

 

Terex MP launches specialist recycling OEM

Terex Materials Processing (MP) has established a specialist recycling equipment business called Terex Recycling Systems (TRS). The new business will design and manufacture modular recycling products for contractors dealing with construction & demolition, commercial and industrial waste. The first modular products from TRS will include feeders, conveying systems, trommel screens, vibrating screens, metal separation, air separation and manual sorting units. While the brand’s sister company, Terex Washing Systems, recently launched a new M1700X mobile washing screen, the modular design of TRS’ products means that construction industry users can combined a number of different units to create stationary systems. The first products from TRS will complement the Terex MP’s existing portfolio and will be made available to customers early next year.

 

 

 Volvo CE’s autonomous asphalt compactor concept

Volvo Construction Equipment (Volvo CE) has unveiled its CX01 single-drum asphalt compactor concept at The Utility Expo in Louisville, Kentucky, US. The CX01 concept utilises one vibratory asphalt compactor drum that’s actually two independent halves (called a split-drum) kept upright by a self-balancing control system. Capable of being operated either by remote-control or entirely autonomously, the machine is also fitted with both a diesel engine and an energy storage system, making it a flexible electric hybrid solution. It can be operated in diesel-only, hybrid or fully electric modes. Volvo CE says that by redesigning the compactors themselves, the operator is removed from the unit – reducing exposure to vibration, noise, dust and other associated environmental conditions – and freed up to autonomously control a fleet of CX units working together to compact asphalt surfaces. A fleet of these units deployed on larger jobs could work together and communicate not only between each CX unit but also to other pieces of equipment on the site. The machines could survey the jobsite, report on the conditions of the materials, things like density, temperature and passes, and determine when and where to compact. Rolling pattern, weight and number of rollers can all be adjusted to match the width, thickness and speed of paving operation, providing a complete paving solution for whatever the job might be, from light infrastructure to highway construction. The CX01 can be matched with Volvo’s existing Co-Pilot system so that all work can be handled remotely via a touchscreen interface. In addition, it uses GPS position tracking to monitor job performance and help customers better hit their productivity targets. While the CX01 concept has been purely an exploration, some learnings could be applied to future products.

 

 

 

Construction equipment sales on course for ‘record’ year

Sales of construction equipment are expected to achieve record sales, in volume terms, in 2021 of 1.13 million, according to information from Off-Highway Research.

Stimulus spending in China in 2020 as a result of the Covid-19 pandemic kept global construction equipment sales at an unexpectedly high-level last year and that buoyancy will continue in 2021 as other markets bounce back.

Sales are expected to remain very strong in 2022, with many OEMs reporting full order books.

During a live webinar, Chris Sleight, Managing Director of Off-Highway Research, confirmed that, although demand in China is expected to decline by more than originally thought, good recoveries in other key markets, such as Europe and North America, should take sales to record levels.

It was also noted that, although China is expected to see a decline in sales this year, it is from an extremely high level – sales increased by around 30% in 2020.

Sales in Europe are expected to grow by around 15% this year and by 12% in North America, which would take the region to record levels of sales.

It was noted that construction equipment sales would have been higher without the current supply chain issues that are impacting the industry. Sleight added that it was “unusual” for the market to have such a sustained period of high sales, saying, “The peak in global equipment sales which began in 2017 has already been extended beyond what would otherwise be expected, and the forecast foresees these very high levels of sales continuing. This prolonged peak in construction equipment sales is unusual, if not unprecedented. “This could lead to the build-up of a large population of relatively young equipment which could be a barrier to new sales in the future, particularly if construction activity falls away.”

Australian technology company Verton has launched a series of remote-controlled load orientation solutions, designed to negate the need for tag lines and increase safety and efficiency during on-site lifts. The Everest series uses gyroscopic technology to rotate loads by as little as one degree at a time, at the touch of a button. Using the modular Spinpod 7.5 for example, Verton says units can be used for multiple applications, including within both traditional and modern and prefabricated projects. A single unit is capable of orientating loads of between 20 and 40 tonnes, although a number of units can be nested together to increase the load capacity.

 

 

 

JCB reports profits for 2020 despite Covid upheaval

JCB has reported that it has remained profitable in 2020 despite the severe impact of the Covid pandemic on its global manufacturing operations.

Last year, sales turnover at the UK-based OEM fell to £3.1 billion ($4.24 billion, 2019: £4.2 billion, $5.74 billion), while machine sales decreased to 74,590 units (2019: 92,216). Earnings on an EBITDA basis stood at £228 million ($311 million, 2019: £414 million, $566 million).

Commenting on the figures, JCB CEO Graeme Macdonald said: “In March 2020, £1 billion worth of orders disappeared overnight with the onset of Covid-19 and JCB was forced to close its 21 manufacturing plants around the world for around two months.”

He continued: “The turnaround in 2021 has been dramatic: we are sitting here now in September with four times the usual order bank we had in normal times two to three years ago. As a result, we are ramping up production to levels we have not had before. I have never seen anything like it in my career.”

JCB chairman Lord Bamford said: “The past is the past and, while 2020 was undoubtedly one of the most difficult years in our history, our focus is now very firmly on the future. We continue to lead the way in zero emissions technology, particularly with the development of the construction equipment industry’s first internal combustion engine powered by hydrogen, which is already being tested in JCB machines. This is a great British breakthrough and we will be producing these engines by the end of next year.”

 

 

Strong sales increase for XCMG

China-based OEM XCMG has announced that, for the first half of 2021, the company had revenues of CNY53.234 billion ($8.24 billion), a year-on-year increase. XCMG also revealed that revenues outside of its domestic market of China accounted for CNY4.854 billion ($751.29 million), year-on-year growth of 68%.

This growth in both domestic and overseas markets is despite a general decline in sales in China and sharp increases in raw material costs worldwide. The OEM is one of the largest in the construction industry by sales, ranking highly in the most recent Yellow Table, International Construction’s ranking of the world’s top 50 OEMs.

According to the company, in the first half of the year sales of eight main equipment products increased by 32% year-on-year.

In its news release, XCMG reiterated that the company was looking to boost its global footprint, saying that, in the first half of the year, it had accelerated building overseas market channels, service outlets and spare parts guarantee system, as well as signing 25 new overseas distributors. The OEM added that it is promoting digital transformation based on the new ‘Intelligent Manufacturing 4.0’ model, strengthening the layout and construction of the new generation of information technologies including, AI, 5G, industrial internet and digital twins, as well as accelerating intelligent manufacturing.

 

 

 

JCB “ramping up” production levels

UK-based JCB remained profitable in 2020 despite the severe impact of the Covid-19 pandemic on its global manufacturing operations, and the company is increasing production to levels not seen before to try and meet up with demand.

The OEM revealed that last year sales turnover fell to £3.1 billion ($4.2 billion) from 2019’s £4.2 billion ($5.6 billion) and machine sales decreased to 74,590 from 92,216 in 2019. Earnings on an EBITDA basis stood at £228 million ($308 million), down from last year’s £414 million ($559 million).

In March 2020, £1 billion worth of orders disappeared overnight with the onset of Covid-19 and JCB was forced to close its 21 manufacturing plants around the world for around two months. Despite the severe impact on its business, JCB remained profitable in 2020 as it has done for the past 76 years. The OEM – which recently launched its first Stage V reduced swing model in the growing X-Series crawler excavator line-up – has been investing in alternative fuel sources such as hydrogen.

 

 

 

JLG to offer rotating telehandlers for North America

In a nod to the fast-growing rotating telehandler market in North America, JLG and Dieci have announced a new partnership that will see JLG-branded rotating telehandlers made by Dieci enter the North American market.

Italy based Dieci has produced rotating telehandlers for more than 20 years, and the company entered the U.S. market through its Dieci Americas Telehandlers business in 2014. The new JLG rotating telehandler line will initially consist of three models: the JLG R1370, R1385 and R11100 featuring max lift heights from 67.3 to 97.1 feet and max lift capacities of 11,000 to 13,200 pounds. They will be available to order this Fall and will begin to ship to customers in early 2022.

JLG rotating telehandlers are being designed to meet the needs of the masonry, roofing, demolition, cladding, renovation and tunnelling industries, JLG said. JLG will also offer 13 attachments for the rotating line.

 

 

 

Perkins offers new support plan for engines

Perkins has launched new engine service packages to help customers maximise the long-term performance and cost effectiveness of their engines.

Its new Hypercare plans are support agreements that combine regular maintenance servicing with engine monitoring.

Perkins Hypercare services are carried out by fully trained technicians from the company’s distributor network and the plans can include oil, coolant, fluid sampling, engine inspections, preventive maintenance and the provision of genuine parts.

 Hypercare helps reduce downtime with diagnostic services and preventive maintenance interventions while increasing productivity and uptime with pre-emptive servicing based on engine-specific data collected by regular fluid sampling and engine monitoring. The plans also address the level of support customers need, using a category system comprising Convenience, Performance and Confidence Customer types, to give contractors the service best suited to their needs.

The company says the “consistent, structured approach to maintenance and service” provided by its plans, means customers can increase the lifespan and efficiency of their engines.

 

 

 

Balkrishna Industries Limited to raise Rs.1000 crores

At the meeting of the Board of Directors of Balkrishna Industries Limited held recently, the Board has approved proposal for raising of funds up to Rupees One Thousand Crores through broader means of long-term finance which can be in the form of foreign currency bonds, Non-Convertible Debentures (NCD), external commercial borrowings and term loans in various currencies. These long term borrowings may be secured or unsecured, rated or unrated, in one or more tranches / drawdowns, and in case of bonds or NCDs - it may be listed or unlisted in one or more stock exchanges in India. The Board has further delegated the Power to the Finance Committee of the Company to do all such acts, deeds and things as may be required in connection with the aforesaid and to take all others steps which may be incidental, consequential, relevant or ancillary in this connection.

 

 

 

Federal Bank partners with Ashok Leyland for vehicle finance

Ashok Leyland offers a comprehensive range of trucks and buses.

Federal Bank recently signed a Memorandum of Understanding (MoU) with Ashok Leyland, which will enable the two to offer customised financial solutions to their customers.

The bank will work towards catering to the customers’ needs through commercial vehicle loans with easy monthly repayment plans best suited for the customers. Moreover, the bank will leverage technology for enhancing customer experience. Ashok Leyland offers a comprehensive range of trucks and buses ranging from intercity light commercial vehicles to 49-tonne long haul trucks and a wide range of buses.




Leave a Comment

Name  
Email Address
(will not be published)    
Website
Comment