Crane sales slide at Manitowoc

first_imgNet sales in the cranes business stood at USD543.1 million in the fourth quarter of 2015, compared with USD663.2 million in the same period of 2014.Crane operating earnings for the fourth quarter of 2015 totalled USD24.1 million, down from USD45.3 million in the same period last year.For the full year, revenue in Manitowoc’s cranes segment declined 19.1 percent to USD1.9 billion, and operating earnings declined to USD64.3 million, compared with USD163.9 million recorded in 2014.Manitowoc attributed the decline to continuing weakness in rough-terrain cranes and boom trucks due to declining oil prices and its impact across energy-related end markets.However, said the manufacturer, this decline was partially offset by strength in crawler cranes driven by accelerating shipments of the company’s VPC technology.”Our cranes business performed as expected during the fourth quarter,” said Manitowoc chairman and interim ceo, Kenneth W. Krueger. “While orders improved sequentially from the third quarter, sales continue to be impacted by tepid customer demand. However, the benefits of cost control actions are beginning to take hold to improve overall profitability.”Barry L. Pennypacker, president and ceo of Manitowoc Cranes, added: “During the quarter, we saw pockets of better demand within our all-terrain category fueled by our new five-axle GMK5250L. However, the overall business remains challenged by an uncertain macro-economic environment.”In light of these circumstances, Manitowoc Cranes expects revenue for the full-year 2016 to remain flat.”The full-year 2016 net sales outlook for Manitowoc Cranes assumes no improvement in the global economic backdrop, but modest stabilisation in demand,” added Pennypacker.  www.manitowoccranes.comlast_img read more

Professor Seecharan launches History of Cricket in Guyana – Volume 2

first_imgVOLUME Two of a History of Cricket in Guyana is not just about the accounts of cricket games played over 100 years ago in British Guiana; it underscores how those games galvanised our people and the impact the sport had on our society.Professor Clem Seecharan, though the support of the Hand-in-Hand Group of Companies, encapsulated these achievements in an entertaining and informative way in his 758-page second book of the series, which he officially launched at the world-famous Georgetown Cricket Club on Friday night.Professor Clem Seecharan displays the second volume of his book, The History of Cricket in Guyana.(See story on page 31)The accolades for the author were great and the audience included generations of cricketers from the legendary West Indies players Lance Gibbs, Roger Harper, Dr Shivnarine Chanderpaul, and current national captain Leon Johnson, to a few cricketers now trying to make their names in the sport.Among the notables who addressed the audience were Chairman of Hand-in-Hand Group of Companies John Carpenter, Dr Ian McDonald, the author himself, Harper, Gibbs, Minister of Social Cohesion with responsible for Culture, Youth and Sport Dr George Norton and Sales Manager of the Group of Companies Shanomae Baptiste, who gave the vote of thanks.Carpenter said that Hand-in-Hand was honoured to have played a part in the venture and that the series, which analyses cricket from 1865 to 1867 (Volume One) and 1898-1914 (Volume Two), begs a Volume Three.It was also emphasised that the Hand-in-Hand Company which started in 1865 also played a part in the integral development during the time of the publications. This year marks 140 years since construction started at the company’s head office.WORK OF ARTDr McDonald, who has known Seecharan for over three decades, paid respect to his commitment to his craft. He said that the author’s dedication to work, combined with his narrative skills, became a work of art.The renowned author also called Seecharan the “most appropriate author” to do the volumes.DCC discussion: From left, former Guyana cricketer Mark Harper, former West Indian cricketers Lance Gibbs and Roger Harper having a nostalgic moment.Also showing adoration for the cricket series was Minister Norton, who called the professor’s series a well-researched publication and an inspiration.“Your book helps us to better appreciate the importance of cricket in our society. As a politician, I would be happy if more of us can understand the importance of cricket in Guyana.”The minister added that he was confident that the series of books would serve to educate and enlighten many generations about Guyana’s past cricketing heroes.In highlighting how integral a role cricket has played in our past, Gibbs pointed out that there were some aspects of the game that the book did not cover, since backyard and alleyway games were not documented. The 84-year-old then took the crowd on a nostalgic journey when different versions of cricket were common and makeshift apparatuses were used as bat and ball.STAGNATION OF CRICKETSeecharan, who read for a doctorate in History at the University of Warwick in 1990, examines the stagnation of the game in colonial Guyana in the decade and a half before the Great War.He said that despite the flamboyance of GCC – founded in 1858 – which was vibrant in fostering regional cricket, “Guyanese cricket was marooned on a plateau of underachievement”.He added that the topography of the land and the share magnitude of the rainforest was a breeding ground for malaria which was one of the main hindrances when it came to the quality of cricket being played by our former cricketers.The 16 years of analysis filled many holes that existed about our past – one that will be kept alive through Seecharan’s undertaking.last_img read more

Patriots’ Tom Brady on being limited in practice: ‘I wouldn’t say I’m a spring chicken anymore’

first_img Patriots? Chiefs? Cowboys? Who’ll be the last unbeaten NFL team standing? NFL free agency news: Patriots sign Cody Kessler to add QB depth Le’Veon Bell to Jets fans after Patriots loss: ‘Just keep believing’ “I think they’re good at all levels, so that’s the challenging part,” Brady said. “They have a good front, very good at linebacker, very good in the secondary, play the pass well, tough, physical, stout defense, well-coached, fundamentally sound. They play well at home. It’s a great environment.”So, it’s pretty tough, it’s pretty tough. It’s a great challenge. They’re 3-0, they’re off to a great start and it’s going to be really a great environment for football. They’re going to challenge us. This will be the toughest game we’ve faced, and we’re going to have to play a great game.”The 3-0 @Patriots will go on the road and take on the 3-0 Bills in Week 4.Since @TomBrady became a starter in 2001, no QB has more wins at New Era Field (the Bills’ home stadium) than he does.— NFL Research (@NFLResearch) September 24, 2019Brady added the Bills are “a very good team.” The Tom Brady to Dorsett touchdown.— Dov Kleiman (@NFL_DovKleiman) September 22, 2019″You know, football is a contact sport,” Brady said. “I wouldn’t say I’m a spring chicken anymore. So, I’m trying to just feel as great as I can and see how it goes (Thursday). But, I feel pretty good.”The Patriots will look to remain undefeated when they face the 3-0 Bills in Buffalo on Sunday. Buffalo enters the matchup with the No. 5 ranked defense in the NFL.  Related News Tom Brady is feeling “pretty good” despite being limited in practice, he told reporters. The 42-year-old star has been dominant so far this season, throwing for 911 yards with seven touchdowns and no interceptions as the Patriots have opened 3-0. Brady was listed as a limited participant in practice Wednesday because of a calf injury, but he said there was nothing to worry about.  “I think (the Bills play) a great style of defense because (they) really make the offense earn everything, and I think they have very smart players that all work well together,” Brady said. “I think they’re playing really well. They’re playing well on offense, they’ve got a very good defense, they’re turnover driven, they win close games.”  The Patriots’ matchup with the Bills will kick off Sunday at 1 p.m. ET.last_img read more