Lifting equipment

Manitex International Reports Fourth Quarter and Full-Year 2022 Results

Retrieved on: 
Wednesday, March 8, 2023
Commercial Building & Real Estate, Construction & Property, Machinery, Machine Tools, Metalworking & Metallurgy, Automotive Manufacturing, Other Construction & Property, Manufacturing, Residential Building & Real Estate, Capital allocation line, Integrity, Lifting, Initiative, MAC, PM, Acquisition, Accountability, Growth, Conexpo-Con/Agg, International, Oil, Lifting equipment, Aerial, EBITDA, Equipment, Investment, Appendix, Maintenance, MNTX, Industrial, Video game, Bookkeeping, Renewable energy, Risk management, Fine chemical, Management, Warehouse, Valla, Badger, Teamwork

Rental Equipment Segment revenue was $7.3 million in fourth quarter 2022, supported by strong end-market demand in key North Texas markets.

Key Points: 
  • Rental Equipment Segment revenue was $7.3 million in fourth quarter 2022, supported by strong end-market demand in key North Texas markets.
  • As a results of these factors, gross profit margin increased 450 basis points to 19.3% during the fourth quarter 2022, after adjusting for the inventory write-down during the fourth quarter 2021.
  • As of December 31, 2022, total debt was $90.3 million, compared to $97.5 million at the end of third quarter 2022.
  • Net leverage was 3.9x at the end of fourth quarter 2022, compared to 6.4x at the end of third quarter 2022.

Global Forklift Tires Market (2021 to 2026) - Growth, Trends, COVID-19 Impact, and Forecasts - ResearchAndMarkets.com

Retrieved on: 
Wednesday, August 4, 2021
Automotive Manufacturing, Manufacturing, Tires & Rubber, Automotive, Chemicals, Plastics, Material-handling equipment, Equipment, Construction equipment, Forklift, Lifting equipment, Tire, Manufacturing, Manufactured goods, Technology

Companies in the forklift tires market are improving their machining capabilities to modify existing tooling according to different hub designs.

Key Points: 
  • Companies in the forklift tires market are improving their machining capabilities to modify existing tooling according to different hub designs.
  • Increased R&D activities are likely to boost the forklift tires market as innovations and new manufacturing processes are occupying positive demand in the market.
  • So, flexibility in manufacturing processes is playing a key role in accommodating last-minute design changes in the forklift tires market.
  • China is expected to play a significant role in the development of forklift tires due to the increased demand, as industrialization and rapid urbanization are boosting the growth of the forklift tires market.

North American Crane Bureau Adds New Contracts with Petrochemical & Energy Companies Westlake Petrochemical and Dominion Energy

Retrieved on: 
Wednesday, August 4, 2021
Lifting equipment, Equipment, Material-handling equipment, Science and technology, National Center for Construction Education and Research, Rigging, Technology, Crane, Rigger

The Westlake Petrochemical programs will begin in August and consist of multiple crane operator training programs.

Key Points: 
  • The Westlake Petrochemical programs will begin in August and consist of multiple crane operator training programs.
  • Dominion's chosen programs include multiple levels of rigging to prepare for NCCER basic, intermediate and advanced rigger certifications.
  • "We have a long-standing relationship with Petrochemical and Energy companies throughout our 35-year history."
  • "Our trainers have extensive experience in our lift industry specific to the energy industry, petrochemical facilities, offshore platforms and wherever lift equipment is located."

BSLBATT Lithium Launches Next Generation PALLET JACK Series Industrial Lithium Batteries for End Riders & Center Riders

Retrieved on: 
Friday, July 30, 2021
Battery electricity), Battery types, Lifting equipment, Freight transport, Chemistry, Engineering vehicles, Material-handling equipment, Battery, Lithium-ion battery, Lithium, Forklift, Pallet

Wisdom Industrial Power Co., Ltd. ("BSL Battery"), a developer, manufacturer and integrator of advanced lithium-ion industrial batteries for the material handling industry and industrial equipment, today Announced the launch of the next generation PALLET JACK Series lithium-ion battery pack.

Key Points: 
  • Wisdom Industrial Power Co., Ltd. ("BSL Battery"), a developer, manufacturer and integrator of advanced lithium-ion industrial batteries for the material handling industry and industrial equipment, today Announced the launch of the next generation PALLET JACK Series lithium-ion battery pack.
  • We've added the PALLET JACK Series lithium batteries to better serve the needs of our customers in this specific segment of material handling equipment.
  • These lithium batteries are made for electric 4500-lb pallet jacks (Class III lift trucks).
  • BSLBATT lithium is one of the largest developers, manufacturers and integrators of lithium-ion batteries for forklift trucks in the China.

China's Kiloton Crane Virtual Simulation Training System Cultivates More Talents for Wind Power Projects

Retrieved on: 
Wednesday, July 28, 2021
XCMG, Transport, Science and technology, Energy, Heavy equipment, Lifting equipment, Construction Equipment, Crane, Jib, Level luffing crane, Wind turbine, Simulation

XUZHOU, China, July 28, 2021 /PRNewswire/ -- In light of promoting wind power adoption, leading construction machinery manufacturer XCMG (000425.SZ) launched a groundbreaking crane virtual simulation training system loaded with multiple pioneering core technologies of its legendary XCA1600 all-terrain crane, a model that has been widely used on wind turbine installation in China.

Key Points: 
  • XUZHOU, China, July 28, 2021 /PRNewswire/ -- In light of promoting wind power adoption, leading construction machinery manufacturer XCMG (000425.SZ) launched a groundbreaking crane virtual simulation training system loaded with multiple pioneering core technologies of its legendary XCA1600 all-terrain crane, a model that has been widely used on wind turbine installation in China .
  • The original torque display system created by XCMG can complete interactive operations and data display of the super lift, wind power boom and luffing jib, plus one-click unlocking and tensioning as well as autorotation of the wind power boom.
  • This training system utilizes wind power hoisting scenarios of the largest scale that supports operators to quickly master the skills.
  • XCMG upgraded the kiloton all-terrain crane virtual simulation training system again in 2020 with the XCA1600 as a prototype, featuring programs for the telescopic system, dual-cylinder head display and control.

Columbus McKinnon Expands Remote Hoist and Crane Monitoring Capabilities with Intelli-Connect™ Mobile+

Retrieved on: 
Tuesday, July 27, 2021
Automotive Manufacturing, Consumer electronics, Commercial Building & Real Estate, Technology, Manufacturing, Construction & Property, Other Technology, Other Manufacturing, Internet, Mobile, Wireless, Other Construction & Property, Ancient Greek technology, Construction Equipment, Crane, Heavy equipment, Lifting equipment, Science and technology, Technology, Construction

Quick and easy access to essential hoist and crane performance information is critical to increasing uptime and improving productivity.

Key Points: 
  • Quick and easy access to essential hoist and crane performance information is critical to increasing uptime and improving productivity.
  • Expanding the capabilities of its Intelli-Connect Mobile Diagnostics and Analytics app, Columbus McKinnon Corporation (Nasdaq: CMCO), a leading designer and manufacturer of intelligent motion solutions for material handling, today announced the launch of Intelli-Connect Mobile+ .
  • With Mobile+, customers benefit from all the capabilities of Intelli-Connect Mobile, along with advanced diagnostic and analytic features.
  • These features include continuous monitoring, trending data, event logging and visibility to the remaining operating life of a hoist.

North American Crane Bureau Secures New Training Services Contract with Ford.

Retrieved on: 
Monday, July 26, 2021
Lifting equipment, Cranes, 501(c)(3) organizations, Equipment, Machines, Science and technology, Crane, Heavy equipment, National Center for Construction Education and Research, Overhead crane, Hoist

The programs will include overhead crane operator training, overhead crane inspector training and overhead hoist maintenance training.

Key Points: 
  • The programs will include overhead crane operator training, overhead crane inspector training and overhead hoist maintenance training.
  • "We are pleased to be providing training in our overhead crane and safety programs for Ford.
  • With training facilities located in Central Florida, Cincinnati, OH and Southeast Texas, customers can receive hands-on crane operator training at these locations.
  • In 1996 NACB partnered with NCCER to facilitate the development of its first mobile crane operator training series.

Global Crane Market (2021 to 2025) - by Type, Application and Region - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 22, 2021
Other Manufacturing, Manufacturing, Ancient Greek technology, Construction Equipment, Crane, Heavy equipment, Lifting equipment, Mining, Market segmentation, Science and technology, Technology, Articles

However, the market growth would be challenged by high investment costs and a dearth of skilled labor.

Key Points: 
  • However, the market growth would be challenged by high investment costs and a dearth of skilled labor.
  • The global crane market is categorized on the basis of type and application.
  • The global crane market can be further bifurcated into construction, industrial application, mining and excavation, oil & gas and other applications, in terms of application.
  • The report provides a comprehensive analysis of the global crane market segmented on the basis of type, application and region with potential impact of COVID-19.

Modern Group Ltd Announces Modern Maintenance Video Series

Retrieved on: 
Wednesday, July 14, 2021
Equipment, Engineering vehicles, Material-handling equipment, Construction Equipment, Forklift, Lifting equipment, Manufactured goods, Technology

BRISTOL, Pa., July 14, 2021 /PRNewswire-PRWeb/ -- Modern Group's Material Handling Division has taken the initiative of educating forklift owners and operators on identifying maintenance problems through an online educational Modern Maintenance series.

Key Points: 
  • BRISTOL, Pa., July 14, 2021 /PRNewswire-PRWeb/ -- Modern Group's Material Handling Division has taken the initiative of educating forklift owners and operators on identifying maintenance problems through an online educational Modern Maintenance series.
  • In the series, Master Forklift Technicians deliver short visual presentations on indicators to help viewers know when service is needed.
  • When the viewer recognizes a problem, Modern is here to support their business and service the forklift for safe operation quickly.
  • Modern is a 100% employee-owned ESOP with more than 250 owners at eight locations serving Pennsylvania, New Jersey, Delaware and Maryland.

Global Mobile Cranes Market Generated Revenue of $13 Billion in 2020 says P&S Intelligence

Retrieved on: 
Tuesday, July 13, 2021
Contemporary history, Cranes, Infectious diseases, Construction Equipment, Crane, Heavy equipment, Lifting equipment, Equipment, Social distancing measures related to the COVID-19 pandemic, Mobile crane, COVID-19 pandemic

NEW YORK, July 13, 2021 /PRNewswire/ -- Global mobile cranes market generated revenue of $13 billion in 2020, and is expected to grow significantly during 20212030.

Key Points: 
  • NEW YORK, July 13, 2021 /PRNewswire/ -- Global mobile cranes market generated revenue of $13 billion in 2020, and is expected to grow significantly during 20212030.
  • During the COVID-19 pandemic, the mobile cranes market has been affected negatively due to the movement restrictions, social distancing measures, and lockdowns implemented around the world.
  • Among these, the mobile cranes market was dominated by the truck-mounted category in 2020, as these cranes offer movability and flexibility during construction.
  • P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world.