Tariffs and materials prices knock US contractors’ confidence
Tariffs and materials prices knock US contractors’ confidence
GLOBAL MACHINERY INDUSTRY
News
XCMG launches 65-tonne reach stacker for energy storage projects
XCMG Machinery has developed what it claims is the world’s first 65-tonne reach stacker, designed specifically for handling heavy energy storage containers.
Dana Incorporated Announces Agreement to Sell Off-Highway Business for $2.7 Billion; $1 Billion Capital Return Authorization
Dana Incorporated (NYSE: DAN) announced that it has reached a definitive agreement to sell its Off-Highway business to Allison Transmission Holdings, Inc. (NYSE: ALSN; "Allison") for $2.7 billion. This represents 7x the expected 2025 adjusted EBITDA of the Off-Highway business. The transaction, which is subject to customary regulatory approvals and closing conditions, is projected to close late in the fourth quarter of 2025.
Hitachi appoints former Hyundai executive to lead European sales
Hitachi Construction Machinery (Europe) has announced the appointment of Dr. Hubertus Muenster as Director for sales, rental and distribution management, effective 1 July 2025.
XCMG targets greater global reach amid tariff challenges
During an interview at Bauma Munich 2025 XCMG Chairman, Yang Dongsheng, told Construction Briefing that the OEM is targeting a major increase in its international sales and deepening its commitment to the European market.
Komatsu secures US$440m fleet deal for Pakistan metals mine
Japan-based construction and mining OEM Komatsu will supply US$440-million worth of ultra-class mining equipment to the Reko Diq copper and gold mine project in Pakistan under a new agreement starting in 2026.
John Deere unveils major upgrades to backhoe loaders
John Deere introduced a range of machine and operator-focused updates across its backhoe lineup, including what the company said is the industry’s first factory-installed rear camera system for the equipment category.
Volvo CE exits SDLG joint venture in major China strategy reset
Volvo Construction Equipment (Volvo CE) has announced that it has signed a contract to sell its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG).
Sales down for Volvo CE amid “increased geopolitical and market uncertainty”
Volvo Construction Equipment (Volvo CE) has announced that its global sales for the first quarter of 2025 declined by 8%.
XCMG targets greater global reach amid tariff challenge
Speaking at the world’s largest construction trade show he revealed that 46% of XCMG’s sales are currently international and that the company’s immediate goal is to grow international revenue to over 50% and, ultimately, beyond 55%.
Caterpillar powers today and drives tomorrow at bauma Munich 2025
April 7, 2025 – Caterpillar Industrial Power Systems will showcase a range of optimized, fuel flexible engines, integrated advanced power technologies and services solutions at bauma Munich from April 7-13. The theme, “A journey to a lower-carbon future,” highlights Caterpillar’s ongoing commitment to sustainably powering a better world.
Jingong New Energy Shines at Bauma 2025!
At this global gathering of industry experts, Jingong New Energy (hereafter be referred to as Jingong) emerged as a standout exhibitor, presenting a sophisticated, intelligent, and eco-conscious machinery lineup alongside the wind&solar-storage&grid-charging&swapping-machinery&equipment full new energy solution, demonstrating China's cutting-edge manufacturing prowess to the international stage.