Following its acquisition of Blastrac, Husqvarna has rebranded several lines of floor surface preparation machines.
Following its acquisition of Blastrac, announced in November 2020, Husqvarna Construction, Stockholm, Sweden, has launched several rebranded Blastrac and Diamatic surface preparation products.
As of June 17, the product line includes floor scrapers, shavers, scarifiers and floor grinders and is available in the United States and Canada.
“Bolstering Husqvarna’s current concrete grinding offering [are] some exciting new products—the addition of scarifiers, scrappers and shavers,” Husqvarna Product Marketing Manager Levi Smiley says. “We have one of the best offerings in each application and product segment because we are striving to not only be specialists in the surface preparation industry, but also the partner of choice for customers.
Husqvarna's walk-behind and ride floor scrapers can be used to remove soft and hard floor coverings, adhesives and coatings in electric-, battery- and propane-powered options.
The company's walk-behind elite concrete shaver and ride milling machines are chosen when operators want to achieve enhanced depths in a controlled pattern. Husqarna’s scarifiers are designed to quickly and cleanly remove concrete to help level slabs, expose large aggregate before concrete polishing and remove coatings in demolition applications.
Single and planetary grinders remove coatings, prepare and polish concrete floors. The machines feature electric and gas single-disc grinders, and the planetary grinders are available in electric- and propane-powered versions.
Husqvarna says the company has enhanced its existing surface preparation portfolio by bringing advanced shot-blasting, scraping, shaving and scarifying solutions to Husqvarna customers and partners. In turn, Blastrac customers and partners now have access to adjacent products such as compactors, concrete placement equipment, sawing and drilling equipment and demolition robots, as well as a wide service offering, Levi says.
Steel Dynamics, U.S. Steel join Nucor in second quarter guidance pointing to profits.
Two more United States-based steel producers have joined Nucor Corp. in offering second quarter 2022 earnings guidance that point to the likelihood of sizable profits.
Fort Wayne, Indiana-based electric arc furnace (EAF) mill operator Steel Dynamics Inc. (SDI) is referring to “record second-quarter 2022 earnings guidance” it places in the range of $6.33 to $6.37 per diluted share.
Pittsburgh-based U.S. Steel Corp. is likewise pointing to “a new all-time best second-quarter performance” in the current timeframe. The operator of both blast furnace/basic oxygen furnace and EAF mills is predicting second quarter 2022 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately $1.6 billion, or in the range of $3.83 to $3.88 per diluted share.
EAF producer SDI says its profits exclude the impact from costs associated with the startup of the company’s Sinton, Texas, flat roll steel mill.
Second-quarter 2022 earnings from the company’s metals recycling operations, which includes those of subsidiary OmniSource Corp., are expected to be “significantly higher than sequential first-quarter results, based on strong demand supporting increased shipments and higher pricing,” says SDI.
SDI’s second-quarter 2022 profitability from its steel operations is expected to be historically strong but lower than first-quarter 2022 results in light of lower earnings from the company’s flat roll steel operations, as lower average flat-roll steel pricing is expected to more than offset increased flat roll steel shipments.
Demand for SDI long steel products is strong, says SDI, “supporting increased average realized pricing and expected record shipments for the company’s Engineered Bar Products, Roanoke Bar, and Structural and Rail steel divisions.
David B. Burritt, president and CEO of U.S. Steel, comments, “We expect to continue delivering record performance in the second quarter, with each business segment meaningfully contributing to profitability. Our broad end-market exposure keeps our business resilient with demand across a diverse customer base, including the resurging energy market. Our focus on strategic end markets and the continued realization of significantly increased fixed-price contracts is again expected to generate another quarter of record performance.”
Commenting on the company’s capital allocation strategy, Burritt continues, “Our balance sheet remains strong with an overfunded pension plan and no significant debt maturities until 2029. Our strategic projects are pre-funded, with a current cash position approaching $3 billion, and we accelerated our stock buybacks in the second quarter. We continue to invest in the business with high confidence and are well-positioned to execute on our Best for All strategy and capital allocation framework.”
Both Rad Technologies, Thetford Mines, Quebec, and Dalkotech, Sherbrooke, Quebec, bring to the table decades of experience in lean manufacturing along with a history of developing products made for the OEM market, specializing in light implements for the snow and agricultural segments.
The newly acquired companies will expand and enhance GRYB’s portfolio in unique ways.
“With their combined expertise in lean manufacturing, decades of experience in OEM product development and relationship building, Rad Technologies and Dalkotech will play an instrumental role in advancing our position in the attachment industry,” GRYB President Remi Beaudoin says. “Our aligned cultures and shared desire for excellence made this a natural fit, and we couldn’t be more excited to have these tremendous companies join our group”
The GRYB organization, which specializes in heavy equipment attachments for various industries including recycling, has seen tremendous growth since its 2007 inception to having over 500,000 square feet of manufacturing space, eight factories, nearly 1,000 employees and a fleet of fully automated welding equipment.
“We are very proud of the organization and the people that have made GRYB into what it is today,” Beaudoin says. “We’ve reached a major milestone in our group history, with producing more than 45,000 tools annually and surpassing $250 million in revenue, and we’re not done yet.”
The latest acquisition comes weeks after the announcement of Eco-Trak Industries joining the GRYB Group of companies. Eco-Trak specializes in designing and manufacturing technology systems for heavy equipment and trucks aimed at improving efficiency and job site safety, including 2D digging systems, reach limiting systems and wheel loader scales.
GRYB will celebrate its 15th anniversary this fall. Other recent acquisitions include Bateman Manufacturing in Ontario, Winkle Industries in Ohio and Serco Loaders in Minnesota, as well as the start-up of the Shearex plant in Roxton Falls, Quebec, GRYB is pursuing its ambitious strategic growth plan both organically and through acquisitions.
The recycling equipment provider adds Timber Ridge Equipment and Stone Equipment Co.
Eggersmann North America has signed dealer agreements with Timber Ridge Equipment, Ephrata, Pennsylvania, and Stone Equipment Co., Montgomery, Alabama, expanding its coverage along the East Coast.
Eggersmann North America is the Pennsylvania-based subsidiary of Germany-based Eggersmann GmbH, a manufacturer of recycling equipment ranging from Forus preshredders to Teuton universal shredders to Terra Select screens and windsifters.
Effective the first of this year, Timber Ridge Equipment became the official and exclusive dealer for Eggersmann shredders and screeners in the sStates of Pennsylvania, New York, New Jersey, Maryland, Delaware, Connecticut, Massachusetts, Virginia, Vermont, New Hampshire, Maine and Rhode Island. The family business is owned by Tim and Marelda Martin and features a service department that can provide fast, high-quality service work in the field and in its own professional workshop.
To see the high-torque single-shaft shredder Z 60, the high-torque dual-shaft shredder SE 25 or the trommel screen T 60, contact tim@timberridgeequip.com or call 717-733-2453. Starting in May, Stone Equipment became Eggersmann’s official and exclusive partner for shredders and screeners in Alabama, Tennessee, Georgia, North Carolina, South Carolina, Florida and Mississippi.
The family-owned company already has a good reputation in the compost- and recycling industry, according to Eggersmann. With additional locations in Birmingham, Alabama; Hampton, Georgia; and future branches in the Carolinas and Tennessee, Stone Equipment has good coverage in sales and service within its territory, Eggersmann says. Stone’s environmental specialists are Nick Furey, nick@stonequipmentco.com and 904-903-8852, and Zack Gradwell, zack@stonequipmentco.com and 334-672-2297.
Eggersmann North America is the full-line supplier of trommel screens, star screens, shredders and self-propelled compost turners, engineered and manufactured in Germany and Poland. With its brands Terra Select, Teuton, Forus and Backhus, Eggersmann North America provides leading technology in the field of mobile recycling machines for almost all kinds of applications where shredding, screening or turning is required.
The company will move from its current location in Illinois.
Caterpillar Inc. has announced it will move its global headquarters to the company’s existing office in Irving, Texas, from its current location Deerfield, Illinois.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” says Chairman and CEO Jim Umpleby.
Caterpillar traces its roots to co-founders Benjamin Holt and C.L. Best. In 1890, Holt invented a steam tractor while shortly thereafter Best began to focus on early gasoline technology, according to the history section of the Caterpillar website.
The company’s use of tracks to replace wheels yielded the name Caterpillar in 1905, a designation that was formalized with a trademark registration in 1910.
Also in 1910, then California-based Caterpillar opened up a manufacturing plant in East Peoria, Illinois. The company expanded rapidly in Peoria, making the city its corporate home until 2017. That year, Caterpillar announced the move of its executive offices to suburban Chicago.
Caterpillar has had a presence in Texas since the 1960s across several areas of the company. Illinois remains the largest concentration of Caterpillar employees anywhere in the world.