Day 1, CONEXPO 2020
Electrification is a hot topic at CONEXPO 2020
100% Electric Forklift concept vehicle by Gehl powered by 12 lithium ion batteries.
2020-03-10
Day 1, CONEXPO 2020
EDITOR’S NOTE: Eric Best, engine research analyst at Power Systems Research, is walking the floor at CONEXPO 2020, looking for new engine and power train products. Here is his report on two innovative companies.
FPT Industrial
FPT has bought out a methane/natural gas company, a battery company, and a hydrogen company, and my contact has no worries about the future of electrification or alternative fuels.
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2020-02-25
2020 Wheel Loaders/Dozers Production Forecast: 20,200
This is the estimate by Power Systems Research of the number of Wheel Loaders to be produced in the United States in 2020.
This information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers.
Market Share: With combined plant totals of 47%, Caterpillar leads in production of Wheel Loaders/Dozers in the United States. In second position is Deere with 22%. Third, is Case New Holland with 8%.
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We Expect 2020 NA Overall OEM Production To Be Flat
This article initially appeared in the February 2020 issue of PowerTALK News.
SUMMARY. The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.
Consumer confidence declined slightly in December, following a moderate increase in November. The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019.
Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”
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Elabuga Plant Begins Production of Bobcat B780
This article initially appeared in the February 2020 issue of PowerTALK News.
In January Bobcat announced local production of its B780 wheel loaders. The model will be assembled in Elabuga, Tatarstan.
“Russia is an important market for Bobcat wheel loaders, and for the company in general,” said Yaroslav Fisher, director of Bobcat’s wheel loader production, Doosan Bobcat EMEA. “(Local production and the certification of the right of mark “Made in Russia” will be done. Bobcat engineers will control all the production processes in the plant to ensure the product quality conforms with company standards.”-
PSR Analysis: One more localized product. At the moment it’s SKD assembly with the prospect of components being produced locally. PSR
Maxim Sakov is a Market Consultant, in Russia for Power Systems Research
2019-12-20
TUPY Acquires Teksid from Fiat Group for €210 million
SOURCE Tupy S.A. Read The Article
Tupy S.A., a Brazilian-based manufacturer of engineered cast iron structural components, today said it has agreed to acquire FCA’s global cast iron automotive components business, which is operated through FCA’s subsidiary Teksid S.p.A.
PSR Analysis: With the acquisition of the Italian cast iron foundry, the Brazilian company will have almost 10% of the global sales in the segment with a combined revenue in the range of 7 billion Reais (approximately $ 1.8 billion USD. PSR
Tupy says this deal will expand its presence in key segments of the global capital goods industry and will expand its potential for growth in machining and engineering services.
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