December 2011

 
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Construction Industry News

ABC in 2012 forecast: Construction growth slow but with 'gradual progress'
By Tina Barbaccia

Associated Builders and Contractors (ABC) on Nov. 17 released its 2012 economic forecast for the U.S. commercial and industrial construction industry. "ABC's analysis of construction trends indicates 2012 will be a year of gradual progress as advances in private construction are partially offset by ongoing declines in publicly financed construction," ABC Chief Economist Anirban Basu said in a written statement. Basu predicts that nonresidential construction spending is expected to grow 2.4 percent in 2012... More

Cat's 5,000-sq.-ft. World of Concrete booth showcasing earthmoving and lifting machines
By Tina Barbaccia

Caterpillar's display at World of Concrete 2012 will encompass 5,000-square-feet of floor space in the Central Hall (C5371) and feature a range of new earthmoving and lifting machines making their first public appearance, along with a variety of new work tools and the exclusive new Cat CT660 Vocational Truck (rolled out at ConExpo-Con/Agg in March 2011) in dump- and mixer-body configurations. More


Agriculture Industry News

Deere's Construction and Forestry Sales Up 45 Percent in 2011
From AED News

Deere & Co. net income attributable to Deere & Company was $669.6 million, or $1.62 per share, for the fourth quarter ended Oct. 31, compared with $457.2 million, or $1.07 per share, for the same period last year. Construction and forestry sales rose 34 percent for the quarter and were up 45 percent for the year mainly due to higher shipment volumes. More

Titan Machinery Expands to Romania
From AED News

Titan Machinery Inc. (NASDAQ:TITN) announced that it has entered into a definitive agreement to acquire the business of AgroExpert, which consists of two Case IH agriculture equipment dealerships, located in Bucharest and Timisoara, Romania. The acquisition is expected to close on or around the end of this calendar year. David Meyer, Titan Machinery's chairman and CEO, said, "The global agriculture economy is a great opportunity for us to leverage our operating model and dealership experience with an additional growth platform of international expansion." More

 
 
 

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