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Hyundai Heavy Industries has ambitious plans to grow from a US$3.7 billion a year business to more than $9.5 billion by 2016. At the worldwide launch of its new flagship R1200-9 (120tonne-class) excavator at INTERMAT, the company unveiled plans to expand its manufacturing facilities and said it wants to move into the top three construction equipment manufacturers. Underlining its intention of competing on a broad front in all sectors of the construction and mining equipment business, Hyundai’s introduction

New CNH Construction president Mario Gasparri says the firm is keen to build on its “strong, sustainable growth opportunities in every major region”. Speaking to the Daily News Gasparri, a Fiat veteran who took on his prestigious new role last month, said, “In 2011, we saw the highest growth in North America, where demand increased by 38%. The European, African, Middle Eastern and CIS markets were not far behind with a 35% increase. In Latin America, the strong demand from projects in the private and public

The XGMA Machinery Company, based on the tourist island of Xiamen in southern China, is planning to expand its operations worldwide. Founded in 1951, the company produced its first wheeled loader in 1964, and said it was the first Chinese manufacturer to sell more than 10,000 wheeled loaders a year. Today it sells more than 30,000 units/year and has an impressive portfolio of products, which also includes hydraulic crawler excavators; road construction equipment (including compactors, dozers and milling mac

Italian construction equipment manufacturers are being urged to embrace “internationalisation” if they are to survive and prosper, after new figures revealed declining domestic but rising export sales in 2011.

Haulotte Group (HG) increased its Q4 2011 sales by 13%, compared to the same period of 2010. The rise took consolidated October 1 to December 31 2011 sales to US$107.1million (€82.2 million) compared with $94.5million (€72.5million) in the same three months of last year.

CNH is planning to build a new factory at Minais Gerais in Brazil in an investment worth some US$341.4 million (R$600 million). The factory will be located in Montes Claros, in the northern part of Minas Gerais.

Making their debut at INTERMAT, German firm Goldhofer will be presenting its range of THP/SL heavy-duty modules as well as its flexible XLE 6 compact system.

US firms Hemisphere GPS and Carlson Software have formed a ‘strategic alliance’. The move, according to the companies, will provide a “roadmap” for new, integrated solutions for land survey, mapping, construction, mining and other key machine control markets.

Haulotte Group (HG) recorded net sales growth of 23% to $400.3million in 2011, compared to $326million in 2010. The boom lift and lifting equipment manufacturers believe the strength of emerging markets and renewed investment by major European retail companies will also give the Group a “double-digit” growth in 2012 sales.

Manitou Group (MG) president Jean-Christophe Giroux says the Group will look to double its business in the next three to four years after revenue rose by 35% to US$1.13billion in 2011. Speaking on the publication of details of MG’s FY11 performance Giroux, who is also the French construction, industry and agricultural machinery