Construction Equipment – Le Pocher Volvo Penta http://lepochervolvopenta.com/ Thu, 24 Nov 2022 14:14:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://lepochervolvopenta.com/wp-content/uploads/2021/07/icon-4.png Construction Equipment – Le Pocher Volvo Penta http://lepochervolvopenta.com/ 32 32 Coca-Cola will now make local deliveries in Belgium with 30 Renault Trucks electric vehicles https://lepochervolvopenta.com/coca-cola-will-now-make-local-deliveries-in-belgium-with-30-renault-trucks-electric-vehicles/ Thu, 24 Nov 2022 14:14:00 +0000 https://lepochervolvopenta.com/coca-cola-will-now-make-local-deliveries-in-belgium-with-30-renault-trucks-electric-vehicles/ GOTHENBURG, Sweden, November 24, 2022 /PRNewswire/ — Partners Coca-Cola Europacific (CCEP) will start using 30 electric trucks to make “last mile” deliveries to local customers in Belgium. The first five vehicles will be released today in the Antwerp Region. Through a key partnership with Renault Trucksbeverage maker is electrifying a fifth of its truck fleet […]]]>

GOTHENBURG, Sweden, November 24, 2022 /PRNewswire/ — Partners Coca-Cola Europacific (CCEP) will start using 30 electric trucks to make “last mile” deliveries to local customers in Belgium. The first five vehicles will be released today in the Antwerp Region. Through a key partnership with Renault Trucksbeverage maker is electrifying a fifth of its truck fleet and creating the largest fleet of electric trucks in the world Belgium.1 The company will also reduce its CO2 emissions by 75% compared to diesel trucks. “Our industry is facing challenges that require rapid adaptation, but we are also strongly committed to maintaining a long-term approach. Investing in electric trucks will enable Coca-Cola Europacific Partners to reduce CO2 emissions by 30% over the entire value chain by 2030. and become climate neutral by 2040,” says An Vermeulen, Vice President and Country Director of Coca-Cola Europapacific Partners for Belgium and Luxemburg.

The first five Renault Trucks E-tech D and D Wide will come out in the Antwerp region today, and other trucks will arrive in the coming months at the manufacturing and distribution sites in Ghent and Chaudfontaine in Belgium. “Most of our deliveries are very local, to supermarkets and businesses close to our sites, with average journeys of 150 km per day,” explains An Vermeulen. “The transition to electric vehicles is making sense, thanks to a total investment of approximately 7 million euros. This is an example of our efforts to take a long-term and sustainable approach at the local level by Belgium.”

Optimized local routes

Coca-Cola has chosen a configuration that allows Renault Truck’s electric vehicles to travel 200 km per day, which is more than enough for 40% of CCEP’s current local delivery routes. Each truck has an on-site charging station to fully charge the battery overnight. These charging stations are powered by 100% green energy generated on site.

Coca-Cola has chosen a configuration that allows Renault Truck’s electric vehicles to travel 200 km per day, which is more than enough for 40% of CCEP’s current local delivery routes. Each truck has an on-site charging station to fully charge the battery overnight. These charging stations are powered by 100% green energy generated on site.

Coca-Cola worked closely with Renault Trucks to select the right trucks and create the best loading conditions for this local use: “We carefully analyzed Coca-Cola’s logistics data, performed realistic route simulations and carried out tests in real conditions relating to energy consumption as well as the comfort and safety of the driver”, declares Siegfried Van Brabandt, Managing Director of Renault Trucks Belux. “The trucks are also equipped with 360° camera systems to eliminate blind spots, a loudspeaker to warn pedestrians and cyclists, and a transparent door for optimal visibility on the passenger side.” The 30 electric trucks deployed this year are only a first step for CCEP. “We will continue to take steps to decarbonize our fleet until 2030 while continuing to study market developments to determine the future of our fleets taking into account parameters such as covering longer distances, the autonomy of vehicles and heavier loads”, explains An Vermeulen.

Continuous innovation

CCEP also wants to continue to look to the future in collaboration with Renault Trucks. “To help our customers decarbonize their fleets, we have developed a tailor-made solution that covers both vehicles and services. We also offer support to ensure the proper use of electric trucks. And we continue to expand our range of electric vehicles: next year we will produce a 44 t electric truck that goes much further on a single charge,” says Siegfried Van Brabandt. “In addition, as part of the Volvo Group, we are investing in the expansion of public charging infrastructure in Europe through strategic partnerships. This is going to be a really exciting decade for our industry, and we’re excited to make meaningful progress in this area with partners like Coca-Cola. »

Investments in CO2 reduction for a sustainable future

The transition to electric modes of transport is an important local step in Coca-Cola Europacific Partners’ efforts to achieve carbon neutrality. “We continue to invest in our long-term goal of reducing our CO2 emissions. We are acting on several fronts: reducing our packaging as much as possible because it represents around 40% of our environmental footprint; last year we started using 100% recycled plastic for all our plastic bottles Belgium,2 which has reduced our emissions by 70%; and our Chaudfontaine site has obtained carbon neutrality certification. These initiatives bear witness to our desire to continue to develop sustainably alongside our partners and customers. This is our contribution to achieving the goals of our sustainability action plan,” says An Vermeulen.

1 To date, 28 electric trucks are registered in Belgium. Source: European Alternative Fuels Observatory, November 2022.
2 100% recycled plastic except cap and label, Aquarius 1.5 l, Tropico 1.5 l and Minute Maid 33 cl bottles.

November 24, 2022

About Coca-Cola in Belgium and Luxemburg

Coca-Cola comprises two companies in Belgium and Luxemburg. Coca-Cola Services is part of The Coca-Cola Company. The Coca-Cola Company and its affiliates own the marks. They are responsible for consumer marketing and beverage concentrates sold to Coca-Cola Europapacific Partners in Belgium and Luxemburg, subsidiaries of Coca-Cola Europacfic Partners plc (CCEP). CPEC in Belgium and Luxemburg produces, distributes and/or sells Coca-Cola, Fanta, Sprite, Aquarius, Minute Maid, Nordic Mist, Chaudfontaine, Finley, Fuze Tea, Appletiser, POMS, Hawai, CHAQWA, Costa Coffee, Tropico, Rosport*, Rosport Pom’s*, Monster*, Capri-Sun*, Nalu* and Reign*. Coca-Cola is constantly seeking to optimize its portfolio, from reducing the sugar content of its beverages to introducing new innovative products. Coca-Cola Services and CCEP are also working to reduce their environmental impact by returning water to nature and promoting recycling.

For more information, visit www.coca-cola.be.

brands not owned by The Coca-Cola Company.

About Renault Trucks

Renault Trucks, a French truck manufacturer, has been offering transport solutions to professionals since 1894, from light utility vehicles to heavy-duty tractors. Committed to the energy transition, Renault Trucks offers fuel-efficient vehicles and a complete range of 100% electric trucks, whose lifespan is extended in a circular economy approach. Renault Trucks is part of the Volvo group, one of the world’s leading manufacturers of trucks, buses, construction machinery and industrial and marine engines. The group also offers comprehensive financing and service solutions.
Key figures:
9,450 employees worldwide 4 production sites in
France
1,400 points of sale and service worldwide.

54,000 vehicles sold in 2021

Journalists requiring further information, please contact:
RENAULT TRUCKS
Severyne Molard
[email protected]

Such. +33 (0)4 81 93 09 52
EUROPACIFIC COCA-COLA PARTNERS Belgium
Luxemburg
Maud Collee
[email protected]

Such. 0499 77 28 28 For more information, please visit
volvogroup.com For frequent updates, follow us on Twitter:

@volvogroup The Volvo Group drives prosperity through transportation and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase uptime and the productivity of our customers. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered inGothenburg, Sweden , employs nearly 95,000 people and serves customers in more than 190 markets. In 2021, net sales amounted to 372 billion Swedish crowns(37 billion euros

). Volvo shares are listed on Nasdaq Stockholm.

The following files are available for download:

SOURCEAB Volvo

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B2B marketplace ProcMart raises $10M in Series A https://lepochervolvopenta.com/b2b-marketplace-procmart-raises-10m-in-series-a/ Mon, 21 Nov 2022 05:54:40 +0000 https://lepochervolvopenta.com/b2b-marketplace-procmart-raises-10m-in-series-a/ ProcMarta Gurgaon-based B2B sourcing marketplace, raised $10m in a Series A funding round led by Sixth Sense Companies. In a statement, the startup said the new capital will be used for international expansion in Vietnam, Australia and Dubai in the coming months, as well as to strengthen supplier partnerships and improve its technology and marketing […]]]>

ProcMarta Gurgaon-based B2B sourcing marketplace, raised $10m in a Series A funding round led by Sixth Sense Companies.

In a statement, the startup said the new capital will be used for international expansion in Vietnam, Australia and Dubai in the coming months, as well as to strengthen supplier partnerships and improve its technology and marketing capabilities. storage. ProcMart aims to hit the Rs 1,000 crore revenue mark over the next three years.

The development comes just days after Tradezeal Online, a wholly owned subsidiary of IndiaMART, agreed to sell shares of ProcMart worth Rs 13.62 crore to Sixth Sense Ventures.

“With consistent growth and profitability over the past few years, ProcMart has become a strong player providing an end-to-end digital ecosystem for indirect sourcing to leading multinationals and national companies. This funding will be critical in expanding our geographic reach, forming effective supplier alliances and enhancing our technology and warehousing capabilities,” said Anish Popli, Founder and CEO of ProcMart.

“Sixth Sense Ventures has a strong track record of partnering with B2B enablers and helping them scale by leveraging their connected ecosystem. We are thrilled to have them partner with us as we embark on the next stage of growth” , he added.

The IndiaMART-backed startup provides supply chain solutions and infrastructure to businesses, including services such as purchase order management, contract administration, master data management, e-catalog management and market intelligence. It competes with Lightspeed Ventures Udaan in the B2B supply chain space.

ProcMart customers include Colgate, Mondelez, Harman and Vedanta. It has 13 offices in India and one in Malaysia. The company aims to launch white label items by the end of 2022 and supply construction equipment thereafter.

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CNH Industrial Announces Changes to Leadership Team https://lepochervolvopenta.com/cnh-industrial-announces-changes-to-leadership-team/ Wed, 16 Nov 2022 21:35:00 +0000 https://lepochervolvopenta.com/cnh-industrial-announces-changes-to-leadership-team/ CNH Industrial AG London, November 16, 2022 CNH Industrial NV (NYSE: CNHI / MI: CNHI) today announced the appointment of Vilmar Fistarol as President for North America and Rafael Miotto as President for Latin America. Vilmar Fistarol will lead the North America region from the end of January 2023, after more than a decade as […]]]>

CNH Industrial AG

London, November 16, 2022

CNH Industrial NV (NYSE: CNHI / MI: CNHI) today announced the appointment of Vilmar Fistarol as President for North America and Rafael Miotto as President for Latin America.

Vilmar Fistarol will lead the North America region from the end of January 2023, after more than a decade as president for Latin America, during which time he has continuously developed sales of CNH Industrial brands. in the region to achieve leading positions in the market. Vilmar has served CNH Industrial and its predecessors for more than 31 years in numerous leadership positions. He replaces Brad Crews, whose upcoming transition to a new role in the Agriculture segment was announced in September 2022.

Rafael Miotto will assume responsibility for the Latin America region from January 2023, and this appointment will see him join the company‘s management team. Rafael has successfully led the New Holland Agriculture brand in Latin America for the past five years and over his 18 years with the company has gained extensive experience in sales and marketing, after- sales and business transactions.

“CNH Industrial is focused on delivering for our customers, farmers and builders around the world. In Vilmar and Rafael, we have two proven leaders, committed to delivering ever greater success in two key regions for agriculture and construction businesses,” said Scott W. Wine, President and CEO. from CNH Industrial. “I am confident that they will generate significant value for our customers, our dealers and all stakeholders.”

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose to innovate, which focuses on innovation, sustainability and productivity, the company provides the strategic direction, R&D capabilities and investments that enable the success of its global and regional brands. Worldwide, HI case and New Holland Agriculture provide 360° agricultural applications, from machines to tools, and the digital technologies that enhance them; and CASE and New Holland construction equipment to offer a complete line of construction products that make the industry more productive. The Company’s regional brands include: STEYRfor agricultural tractors; Ravenleader in digital agriculture, precision technologies and the development of autonomous systems; Flexi Coilspecialized in tillage and seeding systems; Millermanufacture of application equipment; Kongskilde, providing tools for tillage, seeding and haymaking and forage; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including solutions. Throughout a history of more than two centuries, CNH Industrial has always been a pioneer in its sectors and continues to innovate with passion and drive the efficiency and success of its customers. As a truly global company, CNH Industrial’s more than 37,000 employees are part of a diverse and inclusive workplace, focused on empowering customers to grow and build a better world.

For more information and the latest financial and sustainability reports, visit: cnhindustrial.com

For news about CNH Industrial and its brands, visit: media.cnhindustrial.com

Media contacts:

Rebecca Fabian

Anna Angelini

North America

UK

Such. +1 312 515 2249

Such. +44 (0)7725 826 007

[email protected]

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Construction equipment stolen from Milwaukee Avenue business – Chicago Tribune https://lepochervolvopenta.com/construction-equipment-stolen-from-milwaukee-avenue-business-chicago-tribune/ Mon, 14 Nov 2022 05:02:03 +0000 https://lepochervolvopenta.com/construction-equipment-stolen-from-milwaukee-avenue-business-chicago-tribune/ The following is taken from Glenview Police Department reports, press releases and records. An arrest does not constitute a finding of guilt. BATTERY Arturo Moyo-Castrejon, 18, of the 2200 block of Central Road in Glenview was charged with domestic assault on November 7. He was arrested following an investigation into an incident in the 2200 […]]]>

The following is taken from Glenview Police Department reports, press releases and records. An arrest does not constitute a finding of guilt.

BATTERY

Arturo Moyo-Castrejon, 18, of the 2200 block of Central Road in Glenview was charged with domestic assault on November 7. He was arrested following an investigation into an incident in the 2200 block of Central Road. He was taken to Cook County Court in Skokie for a bail hearing.

Jose Gonzalez, 24, of the 8800 block of Washington Street, Niles, Dhrushal Gada, 24, of the 9200 block of Maple Lane, Des Plaines, and Arxontis Melissanis, 24, of the 7800 block of Nordica Avenue, Niles, have been charged battery on November 6. All three were arrested after the investigation into a disturbance in the 0-100 block of Waukegan Road. They were released on bail and are due in Cook County Court on December 14 in Skokie.

APPREHENSION BY WARRANT

Bernard Mack, 29, of the 14900 block of Cleveland Avenue, Posen, was apprehended on a warrant for failure to appear in Will County on November 9. He was taken into custody after the investigation of a traffic accident in the 2800 block of Patriot Blvd. He was released on bail and is scheduled to appear in Will County Court.

INVALID LICENSE

Emely Alfaro, 18, of the 10020 block of Holly Lane, Des Plaines, was charged with driving without a valid license and driving with an expired registration on November 8. She was arrested after a traffic stop in the 2800 block of Milwaukee Avenue. She was released on bail and is due in Cook County Court on November 28 in Skokie.

HEIST

A resident of the 1000 block of Castilian Court reported on November 7 in the past two weeks that one or more strangers broke into their front door and stole jewellery.

FLIGHT

A person affiliated with a business in the 1600 block of Milwaukee Avenue reports that an unknown person entered the premises and stole construction equipment on November 1.

A Glenview resident reports that an unknown person stole his wallet while shopping at a business in the 3700 block of Willow Road on November 5. The stranger attempted to make purchases with the resident’s credit card.

A Northbrook resident reported that a lock had been cut from a locker he was using at a business in the 3800 block of Willow Road and money had been taken from the Northbrook resident’s wallet on November 6.

A Niles resident reported that her unattended purse was stolen from a business in the 9700 block of Milwaukee Avenue on November 6.

FALSIFICATION

A Glenview resident reported on November 4 that he mailed a check which was cashed by an unknown person.

A Glenview resident reported Nov. 7 that a check made out to a business and mailed to the business was cashed in a different name and for a different amount.

FRAUD

An employee of a business in the 2400 block of Glenview Road reported on November 2 that he had been scammed by a caller. The victim sent cash and money to the caller through a cryptocurrency account.

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Redline Equipment Announces Construction of State-of-the-Art Facility in Indiana https://lepochervolvopenta.com/redline-equipment-announces-construction-of-state-of-the-art-facility-in-indiana/ Tue, 08 Nov 2022 18:51:30 +0000 https://lepochervolvopenta.com/redline-equipment-announces-construction-of-state-of-the-art-facility-in-indiana/ Archbold, Ohio — Redline Equipment, a forward-thinking Case IH equipment dealer with twelve locations in Indiana, Michigan and Ohio, has announced plans to build a state-of-the-art facility in Logansport, Indiana. The new building will be located on 17 acres in Cass County Agribusiness Park, approximately five miles west of Redline’s current facility. Groundbreaking is expected […]]]>

Archbold, Ohio — Redline Equipment, a forward-thinking Case IH equipment dealer with twelve locations in Indiana, Michigan and Ohio, has announced plans to build a state-of-the-art facility in Logansport, Indiana. The new building will be located on 17 acres in Cass County Agribusiness Park, approximately five miles west of Redline’s current facility. Groundbreaking is expected to take place in early 2023, with a grand opening scheduled for the first quarter of 2024.

The new facility will house over 45,000 square feet of air-conditioned space, allowing for immediate expansion of service as well as room for future growth. New features include an in-store equipment display, two-storey parts warehouse, 12 service bays with two 5-ton overhead cranes, a 50×50 self-contained wash bay, and premium space to host customer and training events .

“We are committed to being the best Case IH dealership possible, and that starts with providing top-notch facilities that allow our world-class employees to shine even brighter,” said Mike Pitts, President and CEO of Redline. . “The new Logansport facility will provide a very versatile and dynamic facade while offering generous overhead space for an expanded service area. It will be striking, flexible and filled with natural light. And that’s just the opening act. We intend to use this model to expand across our entire geographic footprint in the coming years.

Redline Equipment worked with the Cass County Redevelopment Commission to acquire the land. The company looks forward to continuing to showcase Cass County’s growing economy and exceptional quality of life by providing first-class equipment and service to its farming community.


Click here for more industry news.

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Pontiac plans to take over management of federal funds – The Oakland Press https://lepochervolvopenta.com/pontiac-plans-to-take-over-management-of-federal-funds-the-oakland-press/ Sun, 06 Nov 2022 10:18:00 +0000 https://lepochervolvopenta.com/pontiac-plans-to-take-over-management-of-federal-funds-the-oakland-press/ At a town hall Thursday, Pontiac residents had the chance to learn about an annual federal disbursement known as the Community Development Block Grant, which last year provided more than $800,000 for city ​​improvement projects. Thursday’s meeting was the first of two town hall meetings for Pontiac residents, aimed at getting their thoughts and ideas […]]]>

At a town hall Thursday, Pontiac residents had the chance to learn about an annual federal disbursement known as the Community Development Block Grant, which last year provided more than $800,000 for city ​​improvement projects.

Thursday’s meeting was the first of two town hall meetings for Pontiac residents, aimed at getting their thoughts and ideas on the best ways to use federal money; explaining how spending decisions are made and how the city plans to transfer control of money from Oakland County to City Hall.

Alexandra Borngesser, the city’s director of grants and philanthropy, led a presentation with Rachel Loughrin, the city’s director of community development; Renee Hall, Grants Compliance Analyst; and Michael Martin, Grants Coordinator.

Renee Hall said CDBG funds are specifically targeted to low-income people and those with special needs in slum clearance and blight or meeting an urgent need. The city cannot use the grant to write checks to individuals, build new homes, pay city expenses for operations or maintenance, or purchase building materials.

Since 1974, the federal Community Development Block Grant (CDBG) program has provided annual grants to states, cities, and counties. The amount of each grant is based on a formula intended to help urban communities – places where large low-to-moderate income families live – maintain decent levels of housing and living conditions while expanding economic opportunity. Grants are awarded through the US Department of Housing and Urban Development, which requires each government unit to follow strict rules for handling money.

Borngesser said the county has been managing Pontiac’s CDBG funds since the city was under emergency management. Before the era of emergency managers, city officials did not meet HUD standards for managing funds, such as writing accountability reports, so the city office was disbanded.

Now, with plans for the city to take over management of the funds, Borngesser said they are rebuilding the department so the city can meet federal accountability standards.

“Compliance is the name of our game,” she told residents.

Borngesser said the county keeps about 20% of the annual grant to cover administrative costs. She said grant amounts are decided each year by federal officials based on several criteria.

The town halls are intended to allow more people to have a say in how CDBG funds are spent. Borngesser said city council approves the plans after a public hearing where people can have their say.

Town halls are not required by HUD, but are an effort by city officials to hear from more residents, Mayor Tim Greimel said. He said the city had hosted more than 20 town halls on a variety of topics since January.

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CONCENTRIC INTERIM REPORT JANUARY – SEPTEMBER 2022 https://lepochervolvopenta.com/concentric-interim-report-january-september-2022/ Thu, 03 Nov 2022 07:20:00 +0000 https://lepochervolvopenta.com/concentric-interim-report-january-september-2022/ REDITCH, England, November 3, 2022 /PRNewswire/ — THIRD QUARTER 2022 Net sales: MSEK 1,068 (515) – reported sales increased by +107% year-on-year. Adjusting for the impact of currencies +14% and EMP +84%, year-over-year constant currency sales were up +9%. Operating result: 175 MSEK (114), generating an operating margin of 16.3% (22.2). Third quarter operating profit […]]]>

REDITCH, England, November 3, 2022 /PRNewswire/ — THIRD QUARTER 2022

  • Net sales: MSEK 1,068 (515) – reported sales increased by +107% year-on-year. Adjusting for the impact of currencies +14% and EMP +84%, year-over-year constant currency sales were up +9%.
  • Operating result: 175 MSEK (114), generating an operating margin of 16.3% (22.2). Third quarter operating profit includes the profit from the sale of our Argentinian business of MSEK 9, resulting in operating profit before items affecting comparability of MSEK 166 (114).
  • Net income for the period: MSEK 126 (91); Basic EPS SEK3.32 (2.39).
  • Cash flow from operating activities: MSEK 163 (69); cash conversion increases to 108% in the third quarter.

FIRST NINE MONTHS OF 2022

  • Net sales: MSEK 3,023 (1,420) – reported sales increased by +113% year-on-year. After adjusting for +13% currency effects and +79% EMP, sales at constant currency increased by +21%.
  • Operating result: Operating income was MSEK 505 (316), generating an operating margin of 16.7% (22.3).
  • Net income for the period: MSEK 390 (248); Basic EPS SEK10.28 (6.54).
  • Cash flow from operating activities: MSEK 329 (217); cash generation was impacted by increased working capital to support increased sales.
  • Group net debt: 1005 MSEK (-136); debt ratio of 45% (-10). Pension liabilities continue to decline as discount rates rise, resulting in a net revaluation gain of MSEK 26 (-5) in the third quarter and a total gain of MSEK 217 (80) year-to-date .

President and CEO, Martin Künzcomments on the interim report for the third quarter of 2022.

Concentric continues to perform well in a challenging environment.

Financial performance

The Concentric Group continued to perform well in the third quarter of 2022 with year-over-year sales growth and strong operating margins despite supply chain inflationary pressures. Net sales increased 107% to MSEK 1,068, with Machined Machinery Products (EMP) accounting for +84% of year-over-year sales growth, while underlying sales growth and exchange rates increased sales by +9% and +14% respectively. . Third quarter operating profit was MSEK 175 (114), achieving an operating margin of 16.3% (22.2), which included a better than expected profit of MSEK 9 following the sale of our activity in Argentina. The Group’s cash performance improved this quarter, cash flow from operating activities was MSEK 163 (69) with a profit to cash conversion ratio of 108% for the quarter and a ratio since start of the year by 85%. Inventory remains the drag on cash generation and we will continue to focus on reducing our current inventory levels as the supply chain stabilizes.

Sales and Market Development

Our global end markets offer a mixed picture, particularly the important North American and European markets. Most of our end markets in North America offered opportunities for growth, while in Europe, these same markets are stable or in decline. We have a strong presence in the Indian construction equipment market and it’s good to see that this market remains dynamic. China however, the economy is slowing as it adapts to a punitive zero-Covid strategy and weakening global demand, impacting our Alfdex business in particular. Overall, published quarterly market indices suggest the market was down -2% year-over-year, while our sales were up +9% in constant currency, indicating the continued lag between our sales and market indices.

Sales of electrical products this quarter were MSEK 200, equivalent to 19% of group sales. While electrical products are of strategic importance, we also want to develop sales opportunities for our existing mechanical products, particularly in emerging markets such as India, where Concentric has been present for more than 30 years. It is for this reason that we are delighted to announce two new commercial designations in the on-road truck sector for water pumps required on new engine platforms designed to meet the stringent Bharat VI emission standard. . These are the first commercial appointments with a national OEM in the road sector and are an important step in developing our position in this important emerging market.

The stability of the global supply chain continues to improve, except for the electrical components needed for our e-products, which remain hard to find to meet end-market demand. While the global supply chain has improved over the past three quarters, critical bottlenecks remain, which continue to limit sales and increase the order bank.

Our global engine market was comparable to last year and in line with our underlying sales performance for the quarter. Sales by geographic region were mixed as we recorded strong sales in North America, in particular to the agricultural machinery sector, while sales to our European customers in the truck sector were down. Our Engines division’s net sales for the quarter were MSEK 712 (252) with an operating margin of 14.2% (31.1). EMP increased engine sales by +171% and exchange rates increased sales by a further +11%, meaning underlying sales were flat year-over-year. Decline in sales of Alfdex products to China continues to impact engine operating margin.

Demand for our hydraulic products remains strong in our core geographic markets and across all end-market applications. Our Hydraulics division’s net sales for the quarter were MSEK 356 (263) with an operating margin of 18.1% (13.7). Underlying sales increased by +17% and exchange rates further increased sales by +18%.

Outlook

Looking to the fourth quarter of 2022, we currently estimate that net sales will remain consistent with the sales performance achieved during the third quarter. We expect the high level of market volatility to continue with the ongoing war in Europehigh inflation, risk of new restrictions related to Covid-19 in China and supply chain bottlenecks. Our Concentric Business Excellence program will continue to support our strong business margins in the current climate and improve our cash performance by reducing inventory in the next quarter.

For more information, please contact:
Martin Künz (President and CEO) or Marcus White House (CFO)
at tel: +44 121 445 6545
or email: [email protected]

The information contained in this report is of the type that Concentric AB is required to make public under EU Market Abuse Regulation and Securities Markets Law. The information was submitted for publication, through the contact persons listed above, at 08:00 CET on November 3, 2022.

The following files are available for download:

SOURCE Concentric AB

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Floating bauma booms | Motorways of the world https://lepochervolvopenta.com/floating-bauma-booms-motorways-of-the-world/ Mon, 31 Oct 2022 10:29:17 +0000 https://lepochervolvopenta.com/floating-bauma-booms-motorways-of-the-world/ The Bauma Construction Machinery Fair 2022 in Munich was a huge success, attracting more than 495,000 participants from 200 different countries. The exhibition was held from October 24 to 30, with approximately 50% of attendees coming from outside Germany. The event exceeded expectations from the show organizers and although not reaching the last show’s 627,603 […]]]>

The Bauma Construction Machinery Fair 2022 in Munich was a huge success, attracting more than 495,000 participants from 200 different countries. The exhibition was held from October 24 to 30, with approximately 50% of attendees coming from outside Germany.

The event exceeded expectations from the show organizers and although not reaching the last show’s 627,603 attendance, bauma 2019, showed that market confidence was strong following the global COVID 19 pandemic. There were also more than 3 200 exhibitors from 60 nations, compared to 3,683 from 200 nations in 2019.

Messe München’s grounds sit on the site of the city’s former airport, with construction machinery of all types and sizes filling the facility. The bauma exhibition is the world’s largest trade fair for construction machinery, building material machinery, mining machinery, construction vehicles and construction equipment. It is also said to be the largest regular exhibition of any type in the world.

The first 10 exhibiting countries were in order: Germany, Italy, Turkey, Great Britain and Northern Ireland, Netherlands, France, United States, Austria, Spain and China.

Stefan Rummel, CEO of Messe München, said: “This bauma has once again stirred up enthusiasm and fascination! After the world has fundamentally changed following the last bauma, we are truly delighted that bauma 2022 demonstrates that the show remains a driving force in the construction equipment industry thanks to the wide variety of innovations from our customers, the bargains and to the many visitors from all over the world. world.”

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City of Hatfield officials hear litany of complaints over water and sewer project https://lepochervolvopenta.com/city-of-hatfield-officials-hear-litany-of-complaints-over-water-and-sewer-project/ Fri, 28 Oct 2022 17:31:15 +0000 https://lepochervolvopenta.com/city-of-hatfield-officials-hear-litany-of-complaints-over-water-and-sewer-project/ Posted: 10/28/2022 1:24:52 PM Modified: 10/28/2022 1:24:38 PM HATFIELD – Several times over the past two years Craig Stevens’ property on West Street has been inundated with several inches of mud during the National Road water and sewer extension project. There’s also been construction waste ending up near his home, and the sounds of daily […]]]>

Posted: 10/28/2022 1:24:52 PM

Modified: 10/28/2022 1:24:38 PM

HATFIELD – Several times over the past two years Craig Stevens’ property on West Street has been inundated with several inches of mud during the National Road water and sewer extension project.

There’s also been construction waste ending up near his home, and the sounds of daily work that Stevens describes as “torture” for the people who live there.

“There’s noise all night long,” Stevens told the Select Board at its Tuesday meeting.

He was among several residents who asked council to pay more attention to the issues. “You should freak out,” Stevens said.

According to Michael Carmasine, project engineer for Comprehensive Environmental Inc. of Marlborough.

“Hopefully we will see a much better road in the coming weeks,” Carmasine said.

Carmasine said Geeleher Enterprises Inc. of Southampton, as the contractor, will also install the new sewage pumping station by Thanksgiving.

Frustrations have grown for residents as they face plans to extend sewer service on Route 5 from Linseed Road to Rocks Road, and water service for 2,200 feet along Route 5 south of Rocks Road, with a $2 million grant from the MassWorks infrastructure program the city first sought in 2014.

Problems have included a gas leak in October 2021, homes shaking at all hours of the day, and construction equipment left on lawns and properties over weekends and holidays.

The Virginia Township of 37 West St. said it was concerned about deep sinkholes near its property and the contractor’s response had been inadequate.

“The way they treat us is part of our anger. The disrespect is so unbelievable,” Canton said.

Board chair Diana Szynal said she was disappointed to hear the complaints.

“I’m really, really sorry that you’re all going through this and it’s taking so long, I know it’s tiring for everyone,” Szynal said.

Highway manager Phil Genovese said he is having conversations with Geeleher and Warner Brothers to ensure that once milling and paving is complete, all equipment is removed, along with debris, of all lawns and private property. Szynal said he should be the go-to person if there is a problem.

Board member Brian Moriarty said as city officials they owe residents another walk through the neighborhood.

With paving and other work completed this fall, the project will enter its third construction season in the spring of 2023.

City Administrator Marlene Michonski said the city is also seeking nearly $1 million more from the state for costs incurred related to the project.

Susan Berry of Old Stage Road, owner of 34-36 West St. where the Waxwing restaurant is located, took the opportunity to again voice her concerns about the project. While Berry said it’s a horrific situation with paving delays residents are experiencing, she fears that in the long term, restoration activity will be affected.

“At the end of the day, we’re going to live with a raw sewage pumping station in a restaurant parking lot,” Berry said.

Scott Merzbach can be contacted at [email protected].

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LA Metro halts Purple Line subway construction under Wilshire Boulevard over safety concerns – San Gabriel Valley Tribune https://lepochervolvopenta.com/la-metro-halts-purple-line-subway-construction-under-wilshire-boulevard-over-safety-concerns-san-gabriel-valley-tribune/ Tue, 25 Oct 2022 22:32:27 +0000 https://lepochervolvopenta.com/la-metro-halts-purple-line-subway-construction-under-wilshire-boulevard-over-safety-concerns-san-gabriel-valley-tribune/ LA Metro halted construction for two weeks on the second phase of the Purple Line subway extension under Wilshire Boulevard, citing numerous injuries and “ongoing safety issues”, documents show. In a letter to contractor Tutor Perini O&G (TPOG), part of a staff report sent to the board on October 21, metro officials cited dozens of […]]]>

LA Metro halted construction for two weeks on the second phase of the Purple Line subway extension under Wilshire Boulevard, citing numerous injuries and “ongoing safety issues”, documents show.

In a letter to contractor Tutor Perini O&G (TPOG), part of a staff report sent to the board on October 21, metro officials cited dozens of injuries since July 2021, including several workers who fell from ladders, one who slipped and broke his foot, others had his fingers lacerated and crushed, one had flash burns to his eyes and several were struck by badly damaged pipes and hoses. fixed.

LA Metro, the county’s transit agency that operates buses, trains and bike share, is in the midst of an ambitious plan to expand subways and light rail lines and add new lines , in a race to be completed by the start of the Olympic Games in the summer of 2028.

The $9.5 billion, 9-mile-long Line D extension project, under construction since 2014, is being built in three sections stretching from Koreatown to Wilshire and Western to Westwood Station /VA, the western terminus. The first phase, from Wilshire and Western to Wilshire and La Cienega, is expected to be completed in 2024. The second phase extends approximately 2.6 miles to Century City/Constellation, with completion expected in 2025, and the the third phase extends to the West Los Angeles VA campuswith completion expected in 2027.

“It is too early to speculate on whether this would affect the final delivery of the project, as Section 2 is expected to be completed in 2025 – two years before the third project segment opens to Westwood/VA in 2027,” Metro spokesman Dave Sotero said in an email response.

Sotero said the work stoppage in the second section until Nov. 7 is “a short period of suspension.”

The map shows the three sections of the purple extension (line D) under construction. (courtesy of LA Metro)

In the board report, Metro said it had sent 10 letters since October 2020 to the contractor outlining safety issues. But, according to the report, the situation has worsened. The letter to the TPOG cites nine injuries and other incidents over the past year, including five injuries in the past three months and two in the past 10 days.

“There is a continuing pattern of security issues that have not been adequately addressed by TPOG and have continued to persist unchecked. A fundamental shift in security culture is needed on the project,” the letter concludes.

When asked to comment on Metro’s letter and report, Jorge Casado, a spokesman for Sylmar-headquartered Tutor Perini Corp., emailed a statement:

“We are strongly committed to providing a safe and healthy working environment for our employees and to working in a manner that ensures the safety of our contractors, customers and the general public, as well as the protection of facilities, equipment and of the environment. We investigate and work with Metro to resolve the issues they have identified, determine their cause, and ensure that we meet the high safety standards we have set ourselves and strive to achieve every day.

Along with worker injuries, Metro’s letter cites safety issues that the transit agency says plagued this section of the project and notes that the company failed to follow basic safety protocols.

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