CNH Agricultural Equipment Third Quarter Results

Net Sales in the agricultural equipment segment increased 12.8% for the quarter (13.4% on a constant currency basis) on the back of growth in demand in the Americas that more than offset the difficult, but stabilizing, trading conditions in Europe and Rest of World markets. Operating Margin increased to 8.5% from 6.5% from the comparable period in 2009. This improved profit performance was largely the result of improved industrial economics, product mix, and favourable geographic distribution of revenues.

Company and dealer inventories ended the period largely in line with estimated market demand and historical norms for the period. CNH production for the period was slightly below the pace of retail sales due to seasonal plant shutdowns, inventory balancing, and in preparation for new product launches.

CNH continued to invest in its agricultural equipment product portfolio and industrial capacity during the third quarter. The Company continued to significantly invest in the launch of Tier 4/Stage IIIA product introductions with dealer and customer training programs completed during the period for the first products in the line-up, 4-wheel drive tractors. Investments in the Group’s industrial footprint for both whole goods manufacturing and components supply continued in conjunction with the product plan announced in April 2010.

Agricultural Equipment Industry and Market

Worldwide agricultural industry retail unit sales decreased 1% compared to the third quarter of 2009. Global tractor sales fell 1% while global combine sales grew 6% for the quarter.

North American markets rose 2%, with tractor sales up 2% and combine sales up 7% on continued strong demand from the large cash crop segments. Sustained commodity prices and the continuation of government support programs drove demand in Latin America where tractor sales rose 21% and combine sales were up 16%. The decline in equipment demand moderated in Western European markets which were down 5% for the quarter, with tractor sales falling 4% and combine sales down 13%. Rest of World markets were down 6%, with a 6% drop in tractor sales and a 7% rise in combine sales.

JCB has agreed settlement terms with an Asian manufacturer of backhoe loaders regarding allegations of product copying of its 3CX backhoe loader. It has received an undisclosed settlement payment and the manufacturer has agreed to fundamentally redesign its backhoe loader.

This is separate from the court actions JCB took against three Asian manufacturers at the Bauma (pictured) in relation to copying its backhoe loader and telehandler machines.

Tim Burnhope, JCB’s Group Managing Director for Product Development and Commercial Operations, said: “This is the fourth incident this year of an Asian manufacturer copying one of our machines and taking unfair advantage of 57 years of product development. JCB is determined to act promptly and decisively in relation to such activities and stamp them out.”

Source: SED 365

IronPlanet® (www.ironplanet.com), the world’s leading online auction marketplace for used construction and agricultural equipment, will sell more than 700 items in its upcoming online auction on October 21.  The auction will also feature equipment from Armadillo Underground, a utility contractor in Fort Myers.

Some of the featured items from Armadillo Underground up for auction are:

• 2005 Hitachi ZX330LC Track Excavator
• 2005 John Deere 450C LC Track Excavator
• 2002 Komatsu PC400LC-6LM Track Excavator
• 2000 John Deere 744H Wheel Loader
• 2007 Mack CV713 Tri/A Dump Truck

For the complete list of Armadillo Underground equipment, the October 21 auction schedule, and the guaranteed inspection reports, please visit www.ironplanet.com or contact customer service at 888-433-5426.

About IronPlanet

IronPlanet is the world’s leading online auction company for used construction and agricultural equipment. Our sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

With just weeks to go before the biggest construction equipment exhibition in Asia, Volvo is ready to wow visitors with its most impressive display yet.

Occupying 210,000 m2 of space at the Shanghai New International Expo Centre, Bauma China is the country’s leading construction equipment trade show held between 23-26 November. Attendance numbers look set to increase by 40% this year, to some 150,000 visitors and over 2000 exhibitors.

Impressive Line Up

With a focus on fuel efficiency and productivity Volvo will showcase a compelling line up of products including excavators, wheel loaders and articulated haulers, totally numbering 10 machines. Among the new additions to be unveiled at the show are a new 20 tonne Volvo excavator made exclusively for the Chinese market, as well as products new to China from its road machinery range – a new asphalt paver and an upgraded compaction line.

The 20 tonne excavator is China-customised in terms of application and suitability, and is highly fuel efficient and productive. The asphalt paver comes with great productivity and versatility and is equally meeting the demands of Chinese customers.

Visitors to the Volvo stand will also have the chance to experience the power of Volvo at first hand through an excavator simulator which will be on show.

A growing emphasis on aftermarket
With the growing demand for premium Volvo machines in China, the importance of a strong aftermarket offer is increasing along side it. Customer Support will be in focus through demonstration of how service agreements and other genuine Volvo parts and service offers protect investment and profits for the customer.

The Volvo exhibit at Bauma China 2010 will also include a Volvo Remarketing offer and Volvo Financial Services will be well represented.

Innovation
As part of the company’s commitment to innovation in design and engineering Volvo will display its three futuristic concept models in China for the first time ever.

Volvo Penta
The exhibit will also include products from Volvo Penta – the Volvo Group´s company for diesel engine OEM sales. Volvo Penta is market leading import brand for power generation in China and with a new range of high performance diesel power also for other industrial machinery.

A strong commitment
Volvo has been a key participant at Bauma for almost a decade and will be one of the largest exhibitors at this year’s event. The company has been present in China for more than 10 years.

For further information, please visit: www.volvoce.com/press

IronPlanet® (www.ironplanet.com), the world’s leading online auction marketplace for used construction and agricultural equipment, will conduct a complete dispersal of John Carlo Inc. in its upcoming online auction on October 21.

John Carlo Inc. is one of the largest transportation construction and site development companies in the Midwest providing asphalt and concrete paving as well as earthwork and underground utility services throughout the Eastern United States.   Some of the featured items from John Carlo up for auction are:

• 2008 Gomaco GHP 2800 Duel Lane Paver with Dowel Bar Inserter
  • http://www.ironplanet.com/jsp/s/item/284262?h=405,4430
• 1988 Rex Model S-1765 Concrete Plant
  • http://www.ironplanet.com/jsp/s/item/284794?h=405,4430
• 2001 Blaw-Knox RW195D Widener
  • http://www.ironplanet.com/jsp/s/item/283527?h=405,4430
• 1998 Caterpillar 140H Motor Grader
  • http://www.ironplanet.com/jsp/s/item/283551?h=405,4430
• 2004 Peterbilt 330 Fuel Truck
  • http://www.ironplanet.com/jsp/s/item/283434?h=405,4430

For the complete list of John Carlo items and the October 21 auction schedule, please visit www.ironplanet.com or contact customer service at 888-433-5426.

About IronPlanet

IronPlanet is the world’s leading online auction company for used construction and agricultural equipment. Our sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

IronPlanet® (www.ironplanet.com), the world’s leading online auction marketplace for used construction and agricultural equipment, will sell items in its upcoming online auction on October 7, from Kiewit Corporation, one of North America’s largest construction and mining organizations.

Some of the featured items from Kiewit Corporation up for auction are:

• Grove RT865B Rough Terrain Crane in California
• 2003 Link Belt RT8070 Rough Terrain Crane in Colorado
• Pioneer 2500EVT Crushing Plant in Arizona
• 2006 Challenger MT865B Rubber Track Tractor in Kentucky
• 1997 Caterpillar 637E Motor Scraper – Twin Engine in Texas
• 2002 Caterpillar 345BII Track Excavator in Arkansas

Kiewit Corporation has been in business for more than 125 years.  The company works on projects in the transportation, water/wastewater, heavy civil, power, oil and gas and building and mining industries and has more than 50 locations across the U.S. and Canada.  Kiewit equipment up for sale at this auction is located from coast to coast from California to Georgia.

For the complete list of Kiewit items and the October 7 auction schedule, please visit www.ironplanet.com or contact customer service at 888-433-5426.

About IronPlanet

IronPlanet is the world’s leading online auction company for used construction and agricultural equipment. Our sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Our guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. IronPlanet is backed by Accel Partners, Kleiner Perkins Caufield and Byers, Caterpillar, Komatsu and Volvo. For more information, visit www.ironplanet.com.

• Choice of standard frame that boasts up to 557hp or a heavy duty frame with up to 669hp for ultimate flexibility
• Industry-leading operator comfort with low cab noise for improved productivity
• Multi award-winning SideWinder™ II armrest offers ergonomic excellence and intuitive control of the fully integrated auto-guidance
• Fiat Powertrain Technologies Cursor 9 and 13 SCR engines for Tier 4A emissions compliance offer significantly lower operating costs
• Best-in-class hydraulic performance with up to 428 litres/minute
• Rugged frame for exceptional ballasting possibilities
• Robust, proven transmission with fuel saving Ground Speed Management system
• Extensive tyre options including super singles compatibility for standard frame models

New Holland has completely redesigned and upgraded its American-built T9 tractor range. The Brand’s most powerful tractor, with outputs as high as 669 maximum Engine Power Management horsepower, is available in two versions: a standard and a heavy duty frame to satisfy all farming needs. The standard 36” frame has been developed with tight-turning, row crop producers in mind following in-depth customer consultation. It is equally at home in a mega-dairy situation and on farms where extensive road transport is undertaken thanks to engines that produce up to 557 maximum Engine Power Management horsepower. The heavy duty frame model is the most powerful four wheel drive tractor on the market and is perfect for extensive small grain growers, owner operators and large arable farmers. The T9 range is also the perfect companion for New Holland’s flagship Rotary and Conventional combines and the FR forage harvester range. Moreover, thanks to its soil-friendly tyre offering, the T9 range gives a significant advantage in terms of agronomy courtesy of reduced soil compaction and scaring.

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