Blog Archives | Page 15 of 45

New Liebherr for Casella Autogrù

Crane service provider Casella Autogrù Srl, based in Italy, has taken delivery of a Liebherr LTM 1200-5.1 mobile crane.

The five-axle model has a 200 tonne capacity, a 72 metre boom and 72 tonnes of counterweight. It is also fitted with the new Liebherr Variable Supporting Base Technology.

Corrado Villa and Davide Villa, co-owners of Casella Autogrù Srl, said “In 2008 we bought a Liebherr LTM 1100-5.2, in 2011 a Liebherr LTM 1250-6.2 and now, in order to renew and complete our fleet – composed of 15 mobile cranes, many of which are Liebherr branded – we had to replace the oldest LTM 1160/2. This is the reason why our choice fell on a LTM 1200-5.1. The crane’s performance is terrific as well as the level of technologies inside it. All that gives us the opportunity to operate with greater flexibility”.

The first task for the new LTM 1200-5.1 was in Piacenza, where it helped build a drilling rig.

GMK 6350 for Carson-Mitchell

Missouri based contractor and crane rental company Carson-Mitchell has expanded the top end of its fleet with the addition of a 300 tonne Grove GMK 6350. The new crane boasts a 60 metre main boom and a maximum system length of 113 metres.

The company’s previous ‘flagship’ crane was a five axle 190 tonne, Grove GMK 5210. The company which was established in 1946, offers a range of truck, All Terrain and pick &carry cranes starting at 8.5 tons. It got into cranes though its own needs a general contractor and eventually began to rent the cranes out to others. This then developed into a separate division within the company.

Liebherr Construction Opens Western U.S. Spare Parts Depot

Liebherr shapes its global, local and regional spare parts distribution and logistics to support its rapid growth and exceed customer-service expectations around the world.

Several positive developments that have a strong impact in the fulfilment and distribution of earthmoving Liebherr spare parts globally and within the United States have been announced in the last months by the Liebherr Group.

In October of this year, the Liebherr Group gave a glimpse into the progress of its new spare parts and logistics center in Kirchdorf, Germany. The new facility to begin operations in early 2015, is expected to serve as its global logistics hub for earthmoving spare parts. The investment value for the first stage of construction is in excess of $143 million and covers an area in excess of 505,000 sq. ft. A large part of the investment has gone into implementing highly automated warehouse equipment and software that will enable the logistics center to employ leading-edge performance standards. The new warehouse solutions will allow the group to handle higher volumes of spare parts, reduce turn-around times and guarantee order accuracy for Liebherr customers around the world.

Additionally, the Liebherr Group is continuing a significant investment in building improvements, machinery, tools and infrastructure to expand the factory and enhance the warehouse facility at its Newport News, Va., location. These renovations are part of the $45.4 million investment as announced earlier this year by Liebherr Mining Equipment Newport News Co.

The Newport News location serves as the headquarters and central warehouse for the Liebherr Mining Division and for four other operating Liebherr companies; Liebherr Construction Equipment Company among one them. Major warehouse overhauls include; the implementation of a sophisticated warehouse management system (WMS) and wide range of process-improvement initiatives consisting of a new racking system adding additional locations and increased load-bearing capability, more than 100,000 sq. ft. of new epoxy floor to facilitate the heavy traffic and movement of material, and eight new additional loading docks to speed up the traffic and help with the flow of trucks loading and unloading materials at the facility.

“The new WMS offers a multitude of functions that will optimize the overall logistics and support the daily operations of the facility. It will provide a transparent work flow and enhance the visibility of the activities at each of the warehouse terminals; from receiving thru shipping, in addition to providing inventory accuracy,” said Martin Seitz, WMS project coordinator at Liebherr Mining Equipment Co.

Liebherr Construction Equipment Co. also announced the opening of a new spare parts facility located in Visalia, Calif. The new depot is expected to begin operations in early 2015. The facility will support western U.S. distribution with localized parts warehousing. The National Parts Distribution Center in Newport News, Va., along with its new distribution center in California, will help expedite parts orders, improve operational efficiency and minimize transit time while increasing customer support.

“The opening of the new spare parts and logistics center in Germany along with the expansion and overhaul of our Newport News operations, and the opening of the parts depot in the western United States, is part of Liebherr’s ongoing commitment to better serve our customers not just throughout the world but also throughout the United States. This represents a significant step forward in our customer support,” said Peter Mayr, president of Liebherr Construction Equipment Co. “We continue to invest in our operations to ensure we provide our dealer network and customers with the exceptional support they expect from Liebherr.”

For more information, visit www.liebherr.com.

Terex Given Average Rating of “Hold” by Brokerages

Shares of Terex (NYSE:TEX) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are presently covering the stock, AmericanBankingNews.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.53.

In other Terex news, Director David A. Sachs bought 5,000 shares of the company’s stock on the open market in a transaction dated Friday, December 12th. The stock was purchased at an average price of $26.41 per share, with a total value of $132,050.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Terex (NYSE:TEX) traded up 2.07% during mid-day trading on Tuesday, hitting $26.69. 795,118 shares of the company’s stock traded hands. Terex has a 52-week low of $25.40 and a 52-week high of $45.46. The stock has a 50-day moving average of $28.42 and a 200-day moving average of $33.95. The company has a market cap of $2.893 billion and a price-to-earnings ratio of 9.36.

Terex (NYSE:TEX) last released its earnings data on Wednesday, October 29th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.02. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Terex will post $2.30 EPS for the current fiscal year.

A number of research firms have recently commented on TEX. Analysts at Deutsche Bank cut their price target on shares of Terex from $35.00 to $33.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group upgraded shares of Terex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 18th. They now have a $35.00 price target on the stock, up previously from $30.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Terex in a research note on Monday, November 3rd. They now have a $32.00 price target on the stock, down previously from $36.00.

Terex Corporation is a diversified global equipment manufacturer of machinery products. The Company is focused on delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, shipping, transportation, refining, energy and utility industries.

1,000m high tower crane

Tower cranes are being installed in what will be the world’s first building to reach – and exceed – 1,000 metres.

Construction on the Kingdom Tower in Jeddah, Saudi Arabia, began earlier this year, and at over a kilometre high it will dwarf the current highest building – the 828 metre high Burj Khalifa.

Six luffing jib tower cranes will be used on the building, including three Liebherr 280 HC-L 16/28 and a 357 HC-L 18/32 Litronic with jib lengths of between 40 and 45 metres. The maximum loads to be lifted will be between 11 and 12 tonnes at 35 metres radius.

The three 280 HC-L will be anchored to the outer sides of the building on several cantilevered platforms, and reach hook heights of around 400 metres, while the 357 HC-L will climb all the way to the top, possibly creating a new record for the highest crane.

500t Terex AC500 for Hungary

Dunagep, one of Hungary’s largest crane rental specialists, has taken delivery of a Terex AC500-2,

Dunagep, (Danubian Building Machines Servicing Corporation), one of Hungary’s largest crane rental specialists, has taken delivery of an eight axle 500 tonne Terex AC500-2, its largest All Terrain crane to date. The new crane has a 56 metre main boom plus luffing jib and Superlift attachment, maximum system length it 145.8 metres.

The company which is celebrating its 25th anniversary this year, is based in Budapest with subsidiaries in Slovakia and Croatia. It mainly serves the steel, refinery and petrochemical industries, and the crane will make its lifting debut working in an Hungarian power plant.

Dunagep chairman Laszlo Szecsenfalvi said: “This is a great crane and we had no hesitation in choosing it in preference to other makes. Good transport logistics, quick set-up, long reach and reliability are just some of its many features. It has added a whole new dimension to our product line-up.”

Terex sales manager, Andreas Schramm added: “The AC 500-2 crane will enable Dunagep to accept and undertake work that previously would have necessitated working in conjunction with industry partners. Now they will be in a position to complete these larger projects themselves.”