News: Industrial

2020-03-21

A new Era in EU Industrial Strategy

This article appeared in the March issue of PowerTALK News.

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The European Commission has released a document showing how they are going to support the European Industry in the challenging transformation required in the coming years. 

Emiliano Marzoli
Emiliano Marzoli

The strategy is made up of three pillars designed to give European companies the opportunity to grow and strengthen their position in the global market. The pillars focus on global competitiveness, “green” development, and development of digital infrastructures.

The green and digital transformations are critical to develop new skills and capabilities to retain Europe as an innovation leader.

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CONEXPO 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.

Eric Best
Eric Best

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 an updated version of an article that initially appeared in the February 2020 issue of PowerTALK News.

This is the estimate by Power Systems Research of the number of Wheel Loaders to be produced in the United States in 2020.

Carol Turner
Carol Turner

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.

Yosyf Sheremeta
Yosyf Sheremeta

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.

Maxim Sakov
Maxim Sakov

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.”-

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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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