Archive of the category "Economy"


31st August 2010     Autor: admin

Plenty of science is involved in the design and construction of equipment used for Bulk material handling. The items that are used in this field have to be made exactly right in order for it to operate accurately while still meeting all necessary safety standards. All equipment made for this industry needs to be constantly tested and perfected before it can be used, or the result can be incredibly hazardous. Since this is the case, when innovative and premium bulk material handling products are created, such as TIVAR, it’s no wonder why it is trusted, relied on, and recognized worldwide for... 

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17th September 2009     Autor: admin

Doosan Heavy Industries & Construction has agreed with Skoda Power to buy all shares in the Czech turbines maker. The $655-million deal is the latest in a series of takeovers by the group, which has already purchased Bobcat of the United States in 2007. Doosan’s purchase of the 150-year-old turbine maker, which sells products in over 60 countries, would also help complement the company’s power generation and engineering business, as it has resorted to foreign rivals such as GE to secure turbine technologies. Doosan Heavy, led by CEO Park Gee-won, is South Korea’s biggest... 

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27th February 2009     Autor: admin

The title of the largest tracked vehicle in the world currently belongs to the Bagger 288 , a bucket-wheel excavator , which was constructed by the German company Krupp for the purpose of stripping entire mountains bare and reaching even the deepest coal reserves. At 13,500 tons, it’s currently the world’s largest vehicle, and is seconded by NASA’s Crawler-transporter, a machine designed to carry rockets and space shuttles from the Vehicle Assembly Building (VAB), along the Crawlerway, to Launch Complex 39. The Bagger 288 is the most impressive massive and the  biggest excavator... 

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10th January 2009     Autor: admin

Jan. 9 (Bloomberg) — Hitachi Construction Machinery Co., Asia’s second-largest maker of earth movers, forecast industry wide demand for excavators will decline more than it estimated as the global recession prompts builders to halt projects. The worldwide market will shrink 15 percent to 17 percent in the year to March 31, worse than the 6 percent forecast in October, Chief Executive Officer Michijiro Kikawa said today in an interview in Tokyo. Demand may slide 10 percent to 20 percent in the next fiscal year with “no sign of a recovery,” he said. Waning sales are forcing Hitachi Construction... 

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11th December 2008     Autor: admin

New Holland Construction have received a new Tasmanian dealership to their network with the addition of D & L Morrison Machinery Spares. With the Tasmanian construction industry still growing strongly, the timing of this partnership is ideal according to David Morrison, Director of D & L Morrison. “The Tasmanian construction industry is riding the wave of strong growth from last year, and I believe it will be buoyant for some months yet,” said David Morrison. “Our sales have increased by 50 per cent over the past year, matching the growth in the industry. In particular, our customers... 

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10th December 2008     Autor: admin

One of the world’s largest mining companies of Australia Rio Tinto announced a reduction of staff by 14 thousand. This is stated in an official press release issued by the company’s website. Dismissals will be held in the framework of Rio Tinto to reduce costs, which by the end of 2009, total debt of the company should drop by ten billion dollars. Total payments to employees lost their jobs will reach 400 million dollars. However, reducing the state as calculated in Rio Tinto should save the company 1.2 billion dollars a year. Rio Tinto forced to reduce the production costs because... 

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10th December 2008     Autor: admin

Although German construction equipment manufacturer Liebherr predicts that its total sales in 2008 will reach EUR 8.4bn, an increase of 10% over 2007, it has hinted that sales will fall in 2009. In particular, tower crane sales have already begun to weaken. Speaking at Bauma China, Winfried Boehm, member of the board of directors of Liebherr-International, said that finance was the root of the problem. “The finance market crisis has jumped across to Europe, South America and Asia, and is already beginning to have adverse affects on the real economy. “This is currently becoming evident... 

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