Recent Heavy Equipment Industry News

Heavy Equipment Industry News from Around the World

South Korean Heavy Equipment Company Lands a Deal

South Korea's Doosan Heavy Industries said on Tuesday it had secured a 293.6 billion won ($317.9 million) power equipment order from a Philippine unit of Korea Electric Power Corp. The equipment would be delivered by May 31, 2011, Doosan said in a filing with the Korea Exchange.

Doosan Heavy wins $318 mln order from Philippines


Indonesia's United Tractors Reports Increase in Sales

Indonesia's leading heavy equipment distributor and mining contractor, PT United Tractors, said Friday its sales of Komatsu heavy equipment rose 55 percent in the first 11 months of the year from a year before.

Sales to the mining sector remained the biggest contributor to the total, but sales to the agriculture sector posted the largest increase.

Indonesia's United Tractors Jan-Nov heavy equipment sales up 55 percent


Back home in the US, heavy equipment companies are also showing a positive outlook:

Heavy-Equipment Companies Get a Boost From Strong Overall Market, Variety of Financial News

Shares of a a wide variety of heavy equipment companies rose Wednesday, pulled up by a strong overall market, along with individual financial news that pleased investors.