AEM

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AEM is a trade association that provides services on a global basis for companies that manufacture equipment, products and services used worldwide in the following industries: Agriculture, Construction, Forestry, Mining and Utility. AEM's membership is made up of more than 850 companies and represents 200+ product lines.

AEM

 •  February 22

Ken Hoefling, VP of the Building Construction Products Division (BCP), is leaving the company to pursue other opportunities, Caterpillar says. He is being replaced by Tony Fassino.
Ken Hoefling, VP of the Building Construction Products Division (BCP), is leaving the company to pursue other opportunities, Caterpillar says. Tony Fassino will replace...

AEM

 •  February 22

Caterpillar Inc. announced its board of directors has appointed Tony Fassino as company vice president. Fassino will have responsibility for leading Caterpillar's Building Construction Products (BCP) Division. BCP is a global organization responsible for designing, manufacturing and supporting Caterpillar's line of small, versatile construction...

AEM

 •  February 22

President Trump has until mid-April to determine whether to impose hefty tariffs and quotas on steel and aluminum imports following the release of a new Commerce Department report last week. The department issued a long-awaited report studying whether the importation of foreign steel threatens U.S. national security. The findings pose significant...

AEM

 •  February 22

The ongoing evolution of 3D printing is among the most fascinating and potentially impactful manufacturing trends today. From its humble beginnings as a plastic prototyping process, 3D printing has slowly but surely developed into a disruptive technology poised to have far-reaching effects on the equipment industry. Where this trend is headed is...

AEM

 •  February 22

By Kate Fox Wood, AEM Director of Infrastructure Policy President Trump recently introduced eagerly-awaited details of his infrastructure plan. How likely is the plan to pass, and what would it mean for the equipment manufacturing industry? Here are a few key things to think about as you assess the president’s plan. AEM continues to push on all...

AEM

 •  February 22

Mack Defense, a wholly-owned subsidiary of Mack Trucks, is responsible for the sale of heavy duty trucks to federal- and ministerial-level customers globally
David Hartzell has been named president and CEO of Mack Defense, LLC. The appointment was effective Jan. 1, 2018. Hartzell joined Mack Defense, an integral part of Mack Trucks, as director of...

AEM

 •  February 22

Volvo Penta of the Americas has promoted Tony Kelleher to vice president for customer support and training.“Tony Kelleher will lead the customer support and product training teams to further expand and strengthen our partner network capabilities,” says Ron Huibers, president of Volvo Penta of the Americas.“During his tenure as head of our leisure...

AEM

 •  February 22

CEMA reports the European tractor market grew 12.8% in 2017, due in part to a peak in registrations in December.
In total, 161.235 agricultural tractors were registered in 30 European countries1 in 2017. This means that the European tractor market grew 12.8% in comparison with 2016, representing a further increase from an already high level. The...

AEM

 •  February 22

The acquisition adds adjacent hydraulic products and strengthens Sun's position in a growing agriculture market.
Sun Hydraulics Corp. announces it has entered into a definitive agreement to acquire the shares of Faster Group from Capvis Equity IV LP, a fund advised by the Swiss private equity firm Capvis Equity Partners AG, and other co-investors...

AEM

 •  February 21

Rebound in oil, gas industries contributing to regional labor shortages, increased prices, says IHS Markit
Construction costs rose again in February, according to IHS Markit (Nasdaq: INFO) and the Procurement Executives Group (PEG). The current headline IHS Markit PEG Engineering and Construction Cost Index registered 58.9, up 2.6 points compared...