WORLD NEWS
Putzmeister America has put an expanded sales and service
structure in place to meet the increasing requirements from its
customers across North America. The company reports that it has added
experienced personnel to its inside sales, parts and service teams, as
well as relying on its established distributor network.
Specifically, in the Western Canadian market, Carlos Cordeiro has
joined the Putzmeister sales team as the Northwest sales representative.
Cordeiro is focusing his 25 years of concrete pumping and safety
experience on new equipment sales in British Columbia, Alberta, and
Saskatchewan, as well as four states in the United States.
In British Columbia, Putzmeister also relies on its long-term
partnership with Gastaldo Pump Sales Ltd. For more than 20 years,
Canadian customers have been able to receive top-quality sales and
service support from Gastaldo, which Putzmeister is pleased to
continue offering.
Based on a successful first six months of the year and the continuing strength of market
demand in 2018, the board of management of Deutz has decided to provide a more specific
revenue forecast and to raise the profit estimate. This comes in the wake of an announcement
of arbitration leading to the suspension of the strike at the important supplier Neue Halberg-
Guss GmbH. This development is expected to stabilise the situation in the supply chain shortly.
Deutz expects to see a significant increase in revenue during the current financial year to
more than EUR1.6-billion, despite the six-week strike at Halberg having reduced revenue by an
amount in the order of the mid to high double-digit million euros. Until now, the company had
only forecast a significant increase in revenue without specifying a figure. In 2017, it generated
revenue of EUR1 479-million.
Deutz now forecasts a modest increase in the EBIT margin before exceptional items to at
least 4.5%. Until now, the company had merely held out the prospect of a modest increase in
the EBIT margin. In 2017, it reported an EBIT margin before exceptional items of 2.9%.
This forecast rests on the assumption that there will be no further strike-related disruption
and that the ongoing arbitration will result in a definitive end to the strike action.
Sales increased 15% in Q1 2018 for Komatsu Ltd to about USD5.8-billion.
Sales increased 15% in Q1 2018 for Komatsu Ltd to
about USD5.8-billion, with a corresponding jump in
operating income of 85.8%, or USD861-million. The
construction, mining, and utility equipment
segment recorded 15.4% more sales in Q1 compared to
2017, about USD5.3-billion. Profit in this segment
jumped 86.9% to about USD791-million. Segment sales
in North America, where demand was described as
‘brisk’, were up 21% to about USD1.3-billion.
The company projected flat sales for the fiscal year
ending 31 March 2019, with expected growth in
operating income of 24.8%.