Jason Andriga took over the family business on November 1st as the Vermeer Corp.’s next CEO.
Andriga joined the company since 2005, after leaving a career in aeronautics that included time with NASA’s Jet Propulsion Laboratory. Before assuming the CEO role, he was president and chief operating officer. He will retain his duties as president.
“I’m excited, honored and humbled to have the opportunity to continue my family’s legacy of leadership at Vermeer into the third generation,” Andringa said. “We will continue to fulfill our promise to our customers by capitalizing on our strengths — innovative, high-quality products; entrepreneurial dealers; and the diligent practice of continuous improvement while continuing to create opportunities for growth with today’s fast-moving customer expectations in mind.”
Andriga replaces his mother, outgoing CEO Mary Andringa, who will stay with the company as chair of the board.
“It’s been a great honor and privilege to be CEO,” Mary Andringa said. “I am confident in Jason and the entire team who will continue the work that’s been happening here for the last 68 years as they lead this company into a bright future.”
Vermeer is a designer and manufacturer of heavy duty equipment for agriculture, utilities, landscaping and other industries.
Accruit, LLC, the nation’s leading provider of qualified intermediary (QI) services and 1031 like-kind exchange (LKE) program solutions, is pleased to announce the addition of Dan Green as director of technology and operations.
Dan is a technical leader with 18 years of experience in software development, Agile coaching, and change facilitation. He holds a Bachelor of Arts degree from the University of Colorado at Boulder, and he maintains the certification of Scrum Master, Certified Scaled Agile Framework Consultant, GE Six Sigma Green Belt, and GE Change Acceleration Process (CAP) Facilitator.
“We’re thrilled to have Dan on board. His broad technical experience and creative energy will further Accruit’s evolving strategy as a technology leader in the QI industry,” said Chief Operating Officer, Karen Kemerling.
Dan will further Accruit’s technology strategy for both software applications and the corresponding Microsoft Azure infrastructure environment, manage and evolve security compliance, and oversee technical third party partners.
When asked about his new role, Dan replied, “It’s very exciting. I get to bring my passion for software leadership to a company dedicated to technology innovation in the industry. It’s a win-win.”
Accruit, LLC is the nation’s leading provider of qualified intermediary and 1031 like-kind exchange program solutions, serving more than 20 industries. Accruit handles all types of LKEs, including real estate, business assets, collectibles, and franchises; they facilitate all types of forward, reverse and improvement exchange transactions nationwide.
Since 2010, through a joint business relationship, Accruit and PricewaterhouseCoopers (PwC) together provide clients the absolute highest level of expertise in 1031 LKE program management. They are also the preferred providers of like-kind exchange services to the Association of Equipment Distributors (AED).
For more detailed company information, please visit www.accruit.com.
JCB bosses have announced the firm is closing one of its factories and transferring production to its other sites in a bid to “streamline production.”
Staff at the firm’s Cecily Mills factory in Cheadle, which employs 120 people, have been told their plant will close “within weeks.”
The digger giant, which has a world headquarters in Rocester, stressed the closure of the Oakamoor Road plant – which produces the JCB Teletruk telescopic forklift and a compact backhoe loader – has been planned for years.
The announcement comes a few weeks after the company revealed up to 690 jobs are under threat across its UK sites.
A JCB spokesman said: “We have briefed employees on our plans to relocate operations from Cecily Mills to other factories in the group.It means much of the production and office functions will transfer to other sites over the weeks to come and we expect it will take several weeks to complete.”
“The majority of positions will be relocated within relevant product lines, either at Compact Products on the Harewood Industrial Estate, in Cheadle, or to the World Headquarters at Rocester. In late 2013 we indicated our long-term plan would be to relocate from the Cecily Mills site and we’re just taking the opportunity to implement this move now.”
The digger giant has blamed a decline in the global construction equipment market for the proposed job losses.
The JCB spokesman added: “The market conditions are difficult and, while in the short term the market is challenging, it is our long-term aim to grow the business when the time is right.
“Our original plan had initially been to build a new factory to accommodate the growth we had anticipated. We are still anticipating this growth but it will be over a longer timeframe than we first thought.”
Union leaders were today unavailable to comment on the decision to close the site.
JCB says it is too early to say whether the site will be sold or redeveloped.
Source: Ashbourne News Telegraph. JCB to close one of its factories as construction industry struggles continue. Ashbourne News Telegraph. Retrieved from http://www.ashbournenewstelegraph.co.uk/JCB-close-factories-construction-industry/story-28211621-detail/story.html
New House Speaker Paul Ryan’s (R-Wisc.) first major legislative accomplishment is within sight as meetings commence between conferees appointed to negotiate differences between the House and Senate surface transportation reauthorization bills.
Lawmakers and lobbyists alike anticipate a fairly quick conference agreement to reconcile the Senate-passed DRIVE Act and the House-approved Surface Transportation Reauthorization & Reform (STRR) Act. The STRR Act sailed through the full House in early November following unanimous approval by the House Transportation & Infrastructure Committee.
Both the STRR Act and the DRIVE Act guarantee at least three-years of close to flat funding and include provisions to reauthorize the Export-Import Bank. The STRR Act also contains a construction industry supported provision that increases the air mile radius from 50 to 75 miles for the transportation of construction materials and equipment to satisfy the 24-hour reset period under federal hours of service rules.
Additionally, the Senate’s DRIVE Act reverses a ban on using tax-exempt financing (such as private activity bonds) to partially fund water projects that also receive Water Infrastructure Financing & Innovation Authority (WIFIA) assistance. Since WIFIA loans are only able to fund up to 49 percent of a project, local communities are left with a significant barrier to acquiring the remainder of the financing, hindering the program’s usefulness in providing capital to rebuild the nation’s water and wastewater infrastructure.
The fate of the WIFIA modification, the hours of service provision, the overall funding levels and the reauthorization’s duration rest in the hands of the conference committee. Expect a final agreement prior to Dec. 4 as Congress must turn its attention to an omnibus government funding package after a two-year budget deal before Dec. 11. Use AEDaction.org to weigh-in with your lawmakers to urge immediate action to finalize a multiyear highway bill.
Meanwhile, AED remains focused on advocating for reinstatement of expired capital investment incentives. With House Ways & Means Committee leadership settled and the panel’s new Chairman Kevin Brady (R-Texas) firmly in place, tax extenders chatter is increasing. Conventional wisdom remains that lawmakers will ink a final deal before year’s end to reinstate and possibly extend all expired business tax provisions, including higher Sec. 179 levels and 50 percent bonus depreciation.
However slow and long overdue, Congress is making progress on AED’s top policy priorities. Unfortunately, on Nov. 6, President Obama announced his long-anticipated Keystone XL pipeline permit rejection, indefinitely postponing the cross-border project. Pending for over seven years, the pipeline’s approval was a top priority for AED and comes on the heels of the Conservative Party’s defeat in October’s Canadian elections. New Prime Minister Justin Trudeau’s ascension and its implication for AED members was detailed during the association’s 2015 Ottawa Briefing.
Threats and opportunities abound on Capitol Hill and in Ottawa. As 2015 wraps up, AED is positioning itself to chalk up more legislative accomplishments while elevating the equipment distribution industry’s voice in the political process. Stay tuned to AED’s Washington Office for more information to learn how you can get involved and be sure to register for AED Summit 2016 in Washington, D.C., where U.S. and Canadian policy issues will be front and center.
Manitowoc showcased its Potain Igo M 14 tower crane at this year’s Batimat trade show in Paris.
“The Igo M 14 is a highly compact and versatile self-erecting crane that is ideal for small-scale construction jobs,” Manitowoc Global Product Director Jean-PierreZaffiro said. “Offering more lifting height than any other crane in its niche, the Igo M 14 gives crane owners the opportunity to work on a wide range of projects.”
The company said the 1.8-ton capacity crane has proved itself on job sites since first being introduced in 2013 at Bauma, another major trade show for the construction, mining and building materials industries. Its 62-foot lifting height is the highest in its class.
Batimat is an international trade show of innovations in construction and architecture. More than 350,000 visitors attended this year’s exhibition from Nov. 2-6, offering exceptional exposure for Manitowoc and other participating companies.
“Batimat is an important exhibition which gave us the opportunity to help customers find solutions that will improve their work,” Zaffiro said. “Exhibiting with some of our dealers in the region allowed us to showcase our industry-leading products while continuing to collect vital feedback and build strong relationships with our customers.”
Premier Greg Selinger, who barely held on to his job this spring after an internal revolt, is doubling down on his infrastructure stimulus plan by promising to spend $4.5 billion more on roads, bridges and flood protection by 2022.
“We’ve already seen the Canadian economy’s forecast has been projected to slow down,” he said Nov. 16. “This is not the time to put the brakes on investment and job creation because it will actually reinforce that downward trend in economic growth, which will make us all worse off.”
At the same time, he is leaving the door open to delaying balancing the books once again and raising taxes if necessary.
“The best laid plans of mice and men change when the circumstances change,” Selinger told reporters. “You have to always stay open to that.”
The governing NDP plummeted in popular support after it raised the provincial sales tax by one percentage point to fund infrastructure spending in 2013.
In the province’s last throne speech before voters go to the polls in April, the NDP government lays out a detailed plan to woo women, families and urban residents.
The NDP is promising to relocate rail lines within Winnipeg, create 12,000 more child-care spaces and expand a tax credit that helps pay for fertility treatment.
Source: The Canadian Press. Manitoba promises more infrastructure spending. Daily Commercial News. Retrieved from http://dailycommercialnews.com/Infrastructure/News/2015/11/Manitoba-promises-more-infrastructure-spending-1011582W/
Kirby-Smith is pleased to announce the promotion of John Arterberry to Crane Division Sales Manager.
John previously served as TX Crane Sales Manager. As Kirby-Smith continues to grow both regionally and nationally, this promotion will help align Kirby-Smith Crane Territory Managers under the same sales management umbrella, and help provide end customers with faster response times, more insight into new crane inventory, and increased rental fleet visibility.
“We expect this new role that John is taking on will provide the necessary synergy and continuity between our 10 branch locations to maximize inventory availability & provide more insight into new, innovative products from our key manufacturer partners, and ultimately will lead to an enhanced level of service for our current & future clients,” said Ben Graham, VP & Crane Division Manager for Kirby-Smith Machinery.
John has been with Kirby-Smith since 2001, and brings a wealth of knowledge to this new position as a result of productively serving in various roles in both the sales and rental side of the business. Beginning as a rental coordinator for Kirby-Smith, John quickly was promoted to Rental Manager, and has since enjoyed stints as Corporate Crane Rental Manager, and most recently TX Crane Sales Manager.
John is a devout family man, which comes across clearly in the way he treats employees and customers. He has been married to his wife since 2002, and the couple has two boys, ages 13 & 9. John comes from a long line of farmers, and is not shy to mention he has been around heavy equipment his whole life. He is also not shy regarding his expectations in this new position. “I want to see the growth for the Crane Division, companywide.” he says. “When I started at Kirby-Smith, we had the two locations in Oklahoma City and Tulsa; now we have 10 locations that sell cranes in some capacity, and I will do everything I can to see that we grow even further.”
The American Rental Association (ARA) latest forecast calls for equipment rental industry revenue growth in the United States of 6.7 percent in 2016 and 2017, 6.2 percent in 2018 and 5.8 percent in 2019 to reach $48.7 billion.
The growth pace is slightly more moderate than the previous two years, but the industry’s progress is consistently positive regardless of changes in oil and gas, construction and other segments equipment rental companies serve.
“The performance of the equipment rental industry since the recession has been very positive and as auxiliary industries recover and grow, we anticipate equipment rental revenue growth to meet the forecast of the next five years,” says Christine Wehrman, ARA CEO and executive vice president.
“This means equipment rental companies can prepare for steady growth, plan for expanding their markets and build inventory to meet their customer demand. The forecast also shows that many customers who have turned to renting equipment during and after the recession have seen the benefits and will continue to rent to control their costs,” Wehrman says. “The secular shift to rental is here to stay.”
The economic analysis from the ARA Rental Market Monitor™ subscription service suggests that the ongoing rebound in real residential construction in 2015 will help fuel the growth in the construction and industrial equipment and the general tool rental segments.
“A 2015-19 compound annual growth rate (CAGR) of 2.7 percent is projected for real total construction with real nonresidential growing 1.0 percent and real residential growing 5.7 percent. This will drive revenue growth in the construction and industrial segment and the general tool segment, which will average annual revenue increases of 6.5 percent and 6.7 percent respectively, over the period,” according to the latest analysis provided by IHS Economics, the forecasting firm that provides data and analyses for the ARA Rental Market Monitor.
According to the ARA Rental Market Monitor, party and event rentals will “benefit from continued improvement in consumer spending and rental revenue is projected to show a 2.6 percent CAGR over the 2015-19 period. Total equipment rental revenue is expected to grow at a CAGR of 6.3 percent between 2015 and 2019, reaching $48.7 billion in 2019.”
The short-term forecast for Canada is more subdued in 2016, with expectations of 0.8 percent growth in equipment rental revenue to reach $4.98 billion, with a greater rebound of 5.7 percent in 2017, 6.3 percent in 2018 and 5.6 percent in 2019 to reach $5.9 billion.
‘Lower oil prices will put some downward pressure on oil sands investment, but prices are expected to bottom out above the point at which oil sands become unprofitable and will rise steadily to over $80 a barrel by the end of 2018,” according to the ARA Rental Market Monitor.
In Canada, according to the ARA Rental Market Monitor, “even with the modest outlook for construction markets, construction and industrial equipment and general tool revenues are expected to grow at CAGRs of 4.7 percent and 4.3 percent, respectively, through 2019. Party and event rental is expected to grow at a CAGR of 3.6 percent, benefitting from increases in overall consumer spending, as well as growth in consumer expenditures on services. Total rental revenue is projected to grow at a CAGR of 4.6 percent over the 2015-19 period.”
Source: American Rental Association. Retrieved from http://www.ararental.org/Portals/0/Documents/Press%20Releases/11.15.2015ForecastCallsForEvenGrowth.pdf
Bobcat Co. recently donated six grants totaling $4,000 to middle and high school classrooms in North Dakota and Minnesota to support science, technology, engineering and math (STEM) programs.
This year’s Doosan Discovery Grants award winners were Simle Middle School and Cathedral School in Bismarck, North Dakota; Liberty Middle School in West Fargo, North Dakota; Milnor Public School in Milnor, North Dakota; and the Litchfield Public Schools in Litchfield, Minnesota.
“Bobcat Co. and Doosan are proud to continue our support of STEM-related programs by providing support at all educational levels,” Rich Goldsbury, president of Bobcat Co. and Doosan in North America, said. “STEM areas are vital to the future of our company and to the communities where we do business.”
The schools were chosen from an application process. Winning schools will use the funds on projects like designing rain barrels for a school garden and building circuits to transfer sound and energy. Bobcat’s grant program is part of an increasing national focus on increasing education in the STEM fields, which have been linked to national competitiveness and in-demand career fields.
Bobcat is a North Dakota-based subsidiary of Doosan Infracore Co. Ltd., specializing in the manufacture of compact equipment for a variety of industries.
JCB, the world’s largest privately held equipment manufacturer, hosted a ceremony on November 11, 2015 to celebrate employees at the North American facility who are military veterans. The ceremony recognized 75 employees from five military branches whose cumulative service totals over 500 years.
“Veterans Day is a special day as our country celebrates those who have served and the sacrifices they and their families have made to ensure the freedoms we enjoy every day,” said Thom Peebles, Vice President of Marketing for JCB North America. “As a veteran, I am humbled by the opportunity I had serving our great country. And, as a JCB employee, I am proud to be a part of an organization that not only acknowledges the service of our veterans, but chooses to celebrate their contributions with a ceremony like the one held today.”
In addition to celebrating employees who have served in the military, the ceremony also honored JCB’s dedication to providing machinery to the US Military and allied nations that protects soldiers while on duty, such as the HMEE (High Mobility Engineer Excavator). The ceremony also recognized the addition of the global Government and Defense division to the Savannah facility earlier this year.
Peebles said, “As home to the world’s toughest backhoe with the JCB HMEE and the headquarters for JCB’s global Government and Defense division, we have the truly unique privilege of designing, engineering and building machines that protect our servicemen and women around the globe.”
During the ceremony, employees were called to the stage and received a token of appreciation from the company acknowledging their personal years of service.
Forester Media. JCB hosts Veterans Day ceremony to honor employees who have served. Foresterdailynews. Retrieved from http://foresternetwork.com/daily/construction/construction-equipment-manufacturers/jcb-hosts-veterans-day-ceremony-to-honor-employees-who-have-served/