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July 2010 Business News
Construction and forestry sales were up 52 percent for the quarter and 15 percent for six months mainly due to higher shipment volumes, favorable currency-translation effects and improved price realization. The division had operating profit of $36 million for the quarter and an operating loss of $1 million for six months, compared with last year's operating losses of $75 million in the quarter and $58 million for six months. The improvement in both periods primarily was due to higher shipment and production volumes and improved price realization, partially offset by higher postretirement benefit costs.
Deere’s worldwide sales of construction and forestry equipment are forecast to increase by about 30 percent for full-year 2010. Sales are benefiting from low inventories, associated with last year’s aggressive production cutbacks, and more-steady market conditions. Though remaining depressed as a result of declining non-residential construction and relatively high used-equipment levels, U.S. construction-equipment markets are showing signs of stabilization. www.deere.com
Miller Pipeline Corp.
Miller Pipeline Corp. has promoted Dave Tucker to vice president of Indiana and Kentucky Gas Construction. In this new position, Tucker will be responsible for the direction of the company’s operations in Missouri, Kansas, Indiana and Kentucky.
Tucker has more than 25-years experience in the gas industry. He joined Miller Pipeline Corp. in 1985 and became involved with management at the company when he was promoted to superintendent in 1999, followed by area manager in 2002.
CONTECH Construction Products
CONTECH Construction Products Inc. has announced the acquisition of Plastream Pipe Technologies Pty. Ltd., an Australian company based in Adelaide, Australia. Plastream is the exclusive, worldwide licensee of Plastream technology for the production of proprietary steel reinforced high density polyethylene pipe. This technology is currently used and marketed by CONTECH in the U.S. and Canada under the DuroMaxx brand. 800.338.1122, www.contech-cpi.com
WilsonMiller was recently awarded three continuing service contracts with public agencies in and around the Tampa Bay area. These include contracts with Hillsborough County, the School District of Hillsborough County and Citrus County.