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nbsp #0183 #32 After a decade of steep and sustained growth the mining equipment business is beginning a cyclical downturn according to a new analysis by Lux Research In 2024 capital spending in the mining sector is predicted
Purchase of Bucyrus Would Launch Caterpillar to the
Wow Caterpillar Inc announced it will purchase Bucyrus Intl Inc BII for $ billion cash plus assumption of $1 billion of BII debt for a total transaction price of $ billion or $92 per share a 32% premium to the BII
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Commodities Crush Mining Equipment Makers Forbes
nbsp #0183 #32 Mining equipment makers may be the latest victim of the downward spiral in commodity prices On Tuesday two mining equipment makers Joy Global and Bucyrus International fell after JPMorgan analyst Ann Duignan
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GE Transportation plans to take over two underground mining equipment manufacturers in its ongoing effort to grow in that market segment which has posted consistent growth worldwide over the past decade The Erie Penn based
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Is Korean FTA helping US equipment makers News
For the German equipment makers some statistics support the idea that the FTA has aided exports Dae Joo s Kim said he s not sure the FTAs will be positive overall for Korean plastics equipment makers
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As Commodity Prices Sink Mining Equipment Makers
Car makers and other manufacturers have been getting a boost This is because the price of minerals they use like copper and iron ore are getting lower Not good news though for the companies that make the huge equipment
Collapse of equipment makers adds fresh evidence the
Recent earnings data from main heavy machinery companies such as Caterpillar NYSE CAT Atlas Copco STO ATCO B A and Sandvick STO SAND show that the decade long growth in the mining suppliers and equipment sector has come
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