Doosan Construction Equipment

Snorkel Appoints Mid Pac Far East in Guam

Snorkel has appointed Mid Pac Far East, LLC as its distributor for the U.S. Territory of Guam, the Commonwealth of the Northern Marianas, the Federated States of Micronesia, the Republic of Palau and the Republic of the Marshall Islands.

MPFE was founded in Guam in 1970 to provide sales, parts and service of heavy-duty trucks, power generation, construction equipment and materials handling equipment. Currently, the largest provider of these services in the region, MPFE is a member of the JRV Group, a diversified holding company whose business operations include the largest regional distributors of automotive parts, lubricants and chemicals, auto and heavy duty batteries, paint and safety products and commercial and passenger tires.

Nick Sowden, President of Snorkel Asia, said: "Mid Pac Far East has superb product support capabilities, developed through decades of experience in materials handling equipment.

"The company's strong relationships in the heavy equipment and logistics sector will undoubtedly help us grow sales in this region."

MPFE, which is also the exclusive local dealer for Kenworth Trucks, Doosan Lifts, Cummins Engine Corporation, Federal Signal, Allison Transmission, Fassi Cranes and other prominent brands, is based in Barrigada, Guam and is in the process of moving to a brand new facility being built to accommodate its rapid expansion.

Intermat – The Leading Equipment Exhibition in 2012 | Construction ...

. New and exceptional events.

INTERMAT 2012 will be next year’s biggest site equipment and construction machinery event. The world’s second largest equipment show, INTERMAT is held every three years. Organized by SE INTERMAT, Cisma, Seimat (an association of international companies providing equipment for public works, mines & quarries, building& lifting) and Comexposium (France’s leading exhibition organiser), INTERMAT 2012 will be held in the year following Conexpo, and will benefit from a climate of economic recovery. INTERMAT 2012, France’s leading exhibition, with all categories combined, will be a major sector event, attracting an international offering and visitors from around the world. Continuing the tradition begun in 1988, INTERMAT 2012 will offer outstanding creativity and exceptional events to promote the site equipment sector and companies active in the industry.

These events include “Pre-INTERMAT Prestige” and the “Innovation Awards”.

A favourable global economic climate

- A return to growth in the North American market - Optimism among leading manufacturers

The construction sector, and the equipment industry in particular, experienced a major downturn in recent years. But while Western economies were experiencing a sluggish business climate, Asia was enjoying strong growth. The global economy is now back on track, with positive forecasts for 2011, and the prospect of dynamic market conditions in 2012.

The American equipment market, which went into recession before the European sector, returned to growth in 2010, with a 21% rise in per unit sales, according to estimates by Manfredi & Associates.

The trend will continue through 2011, with a 14% growth rate, according to the same source. Figures from three of the sector’s leading companies confirm this return to growth.

Caterpillar, the global leader, is forecasting growth driven by rising demand in developing countries, the improvement of the North American and European economies, and an increase in orders in the mines and quarries sector to top $50 billion in 2011. It is also predicting a rise in sales by dealers in the equipment leasing business. Volvo Construction Equipment reports that the equipment market is experiencing a period of strong recovery. As its CEO, Olof Persson, explains, “We ended 2010 strongly”. Volvo has also pointed out that this return to growth has been driven mainly by demand from BRIC countries, but also from Europe and North America. The Terex Group benefited from this upward trend in 2010: its CEO, Ron DeFeo, forecasts a rise in sales from 13% to 22% in 2011.

Korea economic report

The changing face of Korean management

Korea now

News world

World highways