Pit & Quarry, January 2014
THE LATEST ON EQUIPMENT TECHNOLOGY Volvo CE to purchase Terexs hauler business for 160M V olvo Construction Equipment CE came to terms with Terex Corp to acquire hauler manufacturer Terex Equipment Ltd for 160 million The deal will include related assets and intellectual property Volvo CE expects to finalize the transaction during the second quarter this year The deal includes Terex Equipments main production facility in Scotland Terex makes off highway rigid and articulated haul trucks and two product ranges that offer both rigid and articulated haulers The deal also includes the distribution of haulers in the United States as well as a 252 percent holding in Inner Mongolia North Hauler Joint Stock Co NHL which manufactures and sells rigid haulers under the Terex brand in China The acquisition includes five models of rigid haulers with payloads ranging from 32 to 91 tons The introduction of rigid haulers will extend Volvo CEs position in light mining the company says In addition the deal adds three models of articulated haulers to the Volvo portfolio with payloads ranging from 25 to 38 tons These machines support Volvo CEs existing position in the articulated hauler market This is a strategic acquisition that offers Volvo CE considerable scope for growth says Pat Olney Volvo CE president in a press release If approved the acquisition adds about 500 employees to Volvo CEs existing workforce It also allows for the continued use of the Terex brand name on relevant machines for a transitional period Sandvik Dyno Nobel draw record number to Quarry Academy Sandvik Construction and Dyno Nobel hosted Quarry Academy 2013 their seventh annual event in San Antonio Quarry employees and those who serve the industry participated in the three day technical course Their experience included a visit to Martin Mariettas Beckmann Quarry and a featured speaker who focused on safety and leadership According to Sandvik the academy addresses best practices in quarry operations with a focus on systems integration economic sustainability process improvement cost reduction and the use of practical safety as a part of daily work behavior Our goal is to stress post recession process improvements says Jeff Heinemann vice president of Sandvik Construction Its a tough situation in todays market We want to give attendees the tools to address these issues Quarry Academy participants visited Martin Marietta Materials Inc s Beckmann Quarry in San Antonio 12 PIT QUARRY January 2014 www pitandquarry com
You must have JavaScript enabled to view digital editions.
