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Related Heavy Equipment Industry News

• July 2023: XCMG Construction Machinery Co. Ltd. unveiled its latest electric construction machinery lineup in Brazil. This exciting launch included two remarkable electric loaders: the XC918-EV, tailored for efficient operations in compact spaces, and the XC968-EV, engineered to excel in heavy lifting applications.
• May 2023: Volvo Construction Equipment made a significant breakthrough by introducing a groundbreaking lifting mode for its multi-demolition boom. The company innovatively designed and engineered a solution to enhance the lifting capabilities of multi-use demolition machines.

• June 2023: LiuGong introduced the 856H-E MAX Wheel Loader, which is part of the company's range of electric construction.
• April 2022: Doosan Infracore North America introduced four next-generation -7-series mini excavators in Canada. Four excavator models include the zero-tail swing DX27Z-7, DX35Z-7, and DX50Z-7, as well as the reduced tail swing DX55R-7.

• June 2023: Liebherr-France SAS, a prominent construction equipment company operating in France, made a significant investment of Euro 170 million (USD 182 million) to establish a state-of-the-art manufacturing facility in Alsace, France. This strategic move aims to enhance and fortify the company's local supply chain infrastructure.
• February 2023: Hitachi Construction Machinery, a renowned Japanese construction equipment manufacturer, announced its intention to implement an 8% price increase on its equipment, effective from April 2023, for customers worldwide, including those in France. This price adjustment also extends to equipment available to French customers through dealerships, resulting in an 8% price hike compared to 2022 pricing.
• October 2022: In recognition of its outstanding innovation efforts, Liebherr-France SAS received the prestigious Bauma Innovation Award in the "Climate Protection Category" during the thirteenth Bauma Innovation Awards ceremony. The award celebrated the company's groundbreaking achievement in developing a hydrogen-powered excavator known as the R 9XX H2.

• June 2023: CNH Industrial N.V. inaugurated a state-of-the-art manufacturing facility in Cesena, Italy, marking a significant development in the company's expansion efforts. This new plant is dedicated to the production of mini-excavators and mini-track loaders, with a special focus on electric models.
• May 2023: Bobcat made a noteworthy entry into the Italian market by introducing the E19e electric mini-excavator. This innovative excavator boasts a substantial 17.3 kWh battery, surpassing the E10e's 11.5 kWh power source. This enhanced battery capacity reflects Bobcat's commitment to delivering more powerful and sustainable solutions to meet the evolving needs of the construction industry in Italy.

• August 2023: Volvo Construction Equipment, a Sweden-based manufacturer of construction equipment, unveiled an updated range of Volvo Service Contracts as a pivotal part of its post-sales division. These contracts are a rebranding of the previous Customer Services Agreements and offer valuable solutions for customers in managing the repair and maintenance needs of their Volvo machinery. The newly introduced service agreements consist of three tiers: the Blue Contract, which covers preventive maintenance and servicing, and the Gold Contract, which encompasses comprehensive machine repairs and preventive maintenance to maximize equipment uptime.
• June 2023: Volvo CE made a significant announcement regarding the relocation of its global headquarters. The company will be moving from its current base in Gothenburg, Sweden, to Eskilstuna, Sweden. This strategic move is part of an ongoing initiative aimed at fostering collaboration and innovation by connecting with local educational institutions, social organizations, and business networks. Notably, this includes a strong partnership with Malardalen University, a collaboration that has proven instrumental in nurturing engineering talent and catalyzing innovative solutions that will ultimately benefit Volvo CE.
• February 2023: Hitachi Construction Machinery, a Japan-based construction equipment company, unveiled plans to implement an 8% price increase for its equipment, effective from April 2023. This price adjustment extends to global customers, including those in Sweden. Customers purchasing equipment through local dealerships in Sweden can also anticipate an 8% price hike compared to the 2022 pricing.
• November 2022: Volvo Construction Equipment announced a groundbreaking partnership with Skanska, a prominent Stockholm-based construction firm, a Volvo CE dealership, and other key stakeholders. This collaboration is dedicated to supporting the urban development project within Stockholm City's meatpacking district. Under the terms of this partnership, Volvo CE will supply the EC230 Electric, a cutting-edge 23-ton battery electric excavator, to contribute to the construction of 3,000 homes and 14,000 workplaces in the neighborhood. This initiative is underpinned by a commitment to minimizing greenhouse gas emissions, reflecting Volvo CE's dedication to sustainable urban development.

• June 2023: Volo Construction Equipment made a groundbreaking entry into the Southeast Asian market by unveiling the region's inaugural fully electric construction machines. This significant development underscores the company's commitment to advancing sustainable practices in the construction industry. Volo Construction Equipment has set an ambitious goal to have 35% of the machines it sells powered by electricity by the year 2030.
• January 2023: Tadano Ltd. introduced the TM-ZX1205HRS loader crane to the Thai market. This cutting-edge loader crane boasts an impressive maximum lifting capacity of 12 tons. Tadano's introduction of this high-capacity crane reflects their dedication to meeting the demanding lifting needs of the construction sector in Thailand.

• June 2023: The governments of Turkey and Iran forged an agreement to jointly embark on the construction of a novel residential city. This ambitious project is backed by a substantial investment of USD 17 billion, underscoring the commitment of both nations to its successful realization.
• June 2022: Hidromek introduced a cutting-edge hydraulic system tailored for their H4 Series excavators in the Turkish market. This particular excavator model stands out as one of the most fuel-efficient construction equipment offerings from the company, contributing to more sustainable and cost-effective construction practices.
• Feb 2022: Zoomlion Turkey accomplished a significant milestone by delivering the initial batch of E-10 series excavators throughout Turkey. This strategic move expanded the company's product portfolio and market presence across the country, further solidifying its position as a key player in the Turkish construction equipment industry.

• August 2023: SANY India, a leading manufacturer of construction equipment, announced the delivery of 8 units of the SANY SCC7500A 750 Ton crawler cranes in the first quarter of the financial year 2023-24, to Sanghvi Movers Limited, one of the largest crane rental company in India.
• February 2023: To manufacture environmentally friendly construction equipment products, Volvo Construction Equipment launched its first electric compact excavator, named EC55, in India during the ConExpo trade fair.
• February 2023: Another leading construction company, XCMG, showcased six of its new customized products at 2023 ConExpo INDIA, which was held from January 31 to February 3 at the India Expo Center in New Delhi. This helped the company gain 300 prospective clients and received pre-sale orders for nearly 100 units of equipment in total.
• January 2023: Komatsu India, a fully owned subsidiary of Komatsu, Japan, rolled out bio-diesel compatible off-highway trucks from its state-of-the-art manufacturing facility located at Oragadam near Chennai. This launch is in line with the company's long-term commitment to combat environmental impacts by manufacturing eco-friendly products.
• September 2022: Schwing Stetter India, a leading concreting and construction equipment manufacturer, announced the launch of its new range of equipment - XCMG hydraulic excavator and wheel loader.

• December 2022: Komatsu announced the expansion of its underground mining equipment business with the acquisition of the Germany-based Gelsenkirchen GGH Group. This acquisition will boost the company's foothold in Europe, South Africa, and India's mining sector.
• August 2022: Epiroc, the leading productivity and sustainability partner of mining and infrastructure development, announced the signing of a strategic agreement with AARD mining equipment, a South African mining equipment manufacturer.

• June 2022: Hitachi Construction Machinery Tierra Co., Ltd., a subsidiary of Hitachi Construction Machinery Co., Ltd., will begin accepting orders for the ZX55U-6EB battery-powered mini excavator (5-tonne class) in Europe.
• January 2022: Volvo offers five electric models. It has recently launched three excavators and two loaders. These are available in the United States and Europe, and 300 machines have already been delivered.
• June 2021: Liebherr announced the transfer of its rental business of tower cranes for construction in Ile-de-France to Hexagone Services S.A.S. The company expects to strengthen its rental business further and expand its market position.