News

  • Power Systems Research and JCB Power Systems Offer Construction Equipment Outlook Webinar

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    On Monday, Nov. 30, 2020, at 9:00 am CST, representatives of two leading international firms will present a free one-hour webinar discussing the construction outlook in Europe and North and South America.

    During the session, Power Systems Research and JCB Power Systems will present the latest information on the impact of COVID-19 on construction equipment production. JCB will provide details on emissions in developing engine technologies that are coming to market across the globe.

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  • COVID Delays Trade Shows

    Maxim Sakov
    Maxim Sakov

    MOSCOW–October in Russia has seen increasing restrictions related to the COVID quarantine placed on trade shows. Most shows which normally would be held at this time, have been cancelled or shifted to 2021.

    Fairs such as “Busworld” and “Interauto” will not take place this year. However, some events have been included on a so called “exception list,” or official list of trade shows and congresses, planned to be conducted in here from Oct. 20, 2020, to 30 Nov. 30, 2020. Among these events are Mining World and the Heat and Power trade show, held Oct. 27 – 29 in the Crocus Expo Center here.

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  • Sollers-Ford Restarts Engine Plant in Elabuga

    Maxim Sakov
    Maxim Sakov

    JV Sollers-Ford will resume production at its engine plant in Elabuga; the plant was closed in the summer of 2019 after Ford has left the Russian Passenger Car market. The engine plant in Elabuga is again owned by JV. Total investment in new project is expected to exceed US$ 8 million (627 million rubles).

    The plant will produce diesel engines for LCV Ford Transit units. Mass production is planned for 2023, and production capacity will be 25,000 engines per year.

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  • Production of BelAZ Dump Trucks May Be Started in Russia

    Minsk has offered to Moscow to localize production of heavy mining BelAZ trucks in Russia. It was announced by deputy of Trade Minister Mr. Evtukhov.

    “At the moment Belorussian colleagues have offered to produce BelAZ trucks in Russian Federation, to localize… I think, this project could be implemented – says Mr. Evtukhov on joint meeting of trade committees of two countries.

    Note, that in Belarus since 9 August the protests have started. BelAZ workers also participated in meetings and strikes.   …

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  • Hyundai Plant in St Petersburg To Reduce Production by 15%

    Hyundai plans to reduce annual production by 15% at its St Petersburg plant, according to plant director A. Kossack. As he notes, production volume at the plant has dropped significantly this year: in H1 2020, the plant produced only 73,000 cars, 25% of its production capacity.

    Taking into consideration September’s output of 24,000 cars, total production volume through the end of the year should reach about 200,000 vehicles, almost 15% below the 2019 results. The plant has just returned to a three-shift…

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  • DICV To Strengthen Dealership Network

    Aditya Kondejkar

    Daimler India Commercial Vehicle (DICV), a subsidiary of Stuttgart-based Daimler, plans to increase its dealership count by 10% to 250 this year.  Read The Article

    As Ashok Leyland (second largest player in the MH CV segment) is reducing its business to focus on SCV, DICV is adopting an aggressive strategy in the struggling Indian MH CV industry.

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  • Tractor Companies Boost Output as September Sales Surge 80%

    For 18 months, tractor factories were working on a single or 1.5 shift basis at best because of demand slowdown. With numbers picking up, factories now are moving to two or three shifts to hit 100% capacity utilization. The capacity is currently 9.5 lakh units on a two shift basis, but we can also go to three shifts if the demand holds up.      Read The Article

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  • Kawasaki Receives Order for First Electric Tanker

    Akihiro Komuro
    Akihiro Komuro

    Kawasaki Heavy Industries says it has been awarded a contract to design an electric propulsion system for the world’s first electric tanker. Two shipbuilders in Shikoku will build the two vessels, with the first one to be completed by March 2023. It is about 60 meters long and has a gross tonnage of 499 tons.

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  • Yanmar To Analyze Data on Agricultural and Construction Equipment

    Yanmar Holdings announced it will begin operating Yanmar Synergy Square, a support base for monitoring the operational status of customers’ agricultural and construction equipment, beginning Oct. 19, 2020.

    Data will be collected and analyzed via communication from sensors installed on machines and equipment. It will suggest parts replacement and maintenance before they malfunction. It was built at a cost of 2.5 billion yen (23.8 million USD) and will be operated by Yanmar Global CS, a subsidiary of the company.

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  • TADA Raises US$5 Million To Enter EV Tuk Market

    Singapore-based MVLLabs, the operator of car dispatch service TADA, has raised US$5 million. MVLLabs is a company that operates a mobility ecosystem based on the blockchain protocol. TADA, a no-fee car dispatch platform built on MVL’s blockchain, launched in Singapore in 2018.

    In 2020 they are also expanding into Cambodia and Vietnam. MVLLabs plans to use the funds raised to facilitate continuous expansion and further develop the mobility ecosystem.

    According to them, mobility data such as transactions,…

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