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Small Businesses Stay On Track By Using Accounts Receivable Factoring
More small to medium-sized businesses are suffering uncertainty and poor sales while economic recovery is benefitting larger companies according to some economists. Recent surveys of larger organizations show optimism about the economy, the recovery, increased sales, and plans for expansion, according to the Institute for Supply Management.
The National Federation of Independent Businesses says U.S. small-business owners became even more pessimistic in March than they were in February. The NFIB’s index fell to an eight-month low of 86.8 from 88, with only one of ten components getting better. The index has been below 90 for 18 consecutive months now, having hit a cyclical low in March 2009 of 81.0.
In these uncertain economic times businesses can leverage their current clients to stay on track by using invoice factoring. By the 1930′s, invoice factoring was a standard business practice in the garment and textile industries.
Today, factors exist in all shapes and sizes and service a wide range of business to business verticals. Invoice factoring is not being taught in business college, and it is seldom seen in business plans. Factoring is one of the best kept secrets in the business community. To those in the know, factoring has often meant the difference between growth and failure.
Invoice factoring is the process of purchasing commercial accounts receivable (invoices) from a business at a discount. It works like this: the factoring company buys your invoices for less than face value and gets paid in full by your customers. The difference between the discounted rate and the face value is the factors profit or incentive for buying your invoices.
Today’s financing sources for the small business becoming tighter and more restricted, invoice factoring becomes an ever more viable option for business financing. It doesn’t matter if it is to buy new equipment, raise immediate working capital or ease cash flow problems, factoring can often offer a practical solution.
This strategy could be of assistance to you if you sell products or services to businesses, if your customers have good credit, and if you have current orders that you are ready to ship, invoice factoring might be of great benefit to you and your company.
Many business owners have turned to other methods such as factoring, otherwise known as accounts receivable factoring because it offers clients a “use it as you need it” funding option, therefore every invoice purchase is a separate transaction and does not form part of a portfolio lending approach. The transaction is modeled as a buy-sell transaction.
a factoring company undertakes a thorough due diligence program that usually takes about 24 to 48 hours. After due diligence is completed, the client is at liberty to offer invoices to IFG for purchase. After receipt of the invoices, the factor will check the credit of the debtor named on each invoice and make sure the sale represented by each invoice has been satisfactorily complete. Once credit has been verified, each debtor is notified of the purchase by IFG and the client is paid for the invoices. At the end of the credit period the debtor will make payment directly to the factor.
Kristin Gabriel is the marketing director for The Interface Financial Group (IFG), North America’s largest alternative funding source for small business. The company provides short-term financial resources including invoice factoring, serving clients in more than 30 industries in the United States, Canada, Australia and New Zealand. IFG offers expertise in accounts receivable factoring, accounting, finance, law, marketing and banking.
Small Business Growth And Profits Using Single Invoice Factoring
One of the major challenges facing almost any small business owner today is how to maintain and control positive cash flow. And, one of the least understood options for increasing cash flow is factoring. This one tactic alone can help a business meet immediate operational expenses, including payroll, materials, equipment, or even taxes. It is also a great way to quickly fund growth for any small business. You can raise funds immediately through single invoice factoring, and then take advantage of such discounts when purchasing raw materials, equipment or supplies, so your business grows. This will help you reduce your manufacturing costs. Here’s how it works. A business sells its accounts receivable to a factoring company, which results in the business being able to improve its immediate cash flow. The full amount of the accounts receivable is then collected by the factor from the customer. Here are some of the benefits of factoring: – Collections: Outsourcing the function of accounts receivable management to another company often times will free up resources, so you and your employees can to focus on doing more business. – Provides working capital: Many companies have the majority of capital tied up in things like their inventories, or supplies. Funding that comes from accounts receivable factoring gives a company the chance to free up capital. – Invoice factoring provides quick financing: Accounts receivable factoring doesn’t require a business plan or tax statements. It’s a quick form of cash. The bottom line is that you won’t be giving up equity in your company when you obtain financing through accounts receivable factoring. How quickly can you receive funding from invoice factoring? Most factoring companies complete funding within 24 hours. Many people ask if they can be selective in the invoices that they sell. And, yes, you can be selective, because you don’t have to sell 100 percent of your accounts receivables. In fact, if you want, you can even sell just one invoice. Many factoring companies have no minimum sales volume requirements, so you can use the service only as you need it. It also works in reverse, as there are no maximum limits either. In case you are wondering how much you can advance against an invoice — most companies advance up to 90 percent against each invoice that you sell. The cost of doing factoring involves a professional fee — and they are typically competitive, however each client’s circumstances vary. In summary, invoice factoring is a highly effective cash management strategy. There are some industries that have been using factoring for many years. For example, the construction industry reports that sub-contractors who often experience cash flow problems use factoring. Factoring allows businesses to obtain funds based on their current accounts receivable.
Kristin Gabriel is a writer who works with The Interface Financial Group (IFG), North America’s largest alternative funding source for small business. The company provides short-term financial resources including accounts receivable factoring, serving clients in more than 30 industries in the United States, Canada, Australia and New Zealand. IFG offers expertise in accounting, finance, law, marketing and banking. www.ifgnetwork.com
Euclid Trucks – Wafer Check Valve – Rubber Flexible Joint manufacturer
History Founding
From its inception, the Euclid Company of Ohio, specialised in off-road heavy haulers, that were designed from the ground up, as off-road haulers – as compared to other companies, that just modified OTR trucks for off-road earth-hauling.
The Euclid Crane and Hoist Co, owned by George A. Armington and his 5 sons, was already a big, well-respected and profitable operation, when, in 1924, they introduced the Euclid Automatic Rotary Scraper – followed shortly after, by the Euclid Wheeler (wheeled) scraper. These earthmoving items were thought up by Georges eldest son, Arthur, who was convinced a good future lay in designing earthmoving equipment, and who steered the company into the earthmoving field. The two models of scrapers were a resounding success, and a third model, the Euclid Contractors Special, was even more successful, as it was designed to cope with hard ground.
Arthur and his father had even built a successful prototype crawler, and tested it on the family farm, just prior to this, but the crawler idea was dropped, for reasons unknown. The success of the scrapers led to the formation of the Road Machinery Division, of Euclid Crane and Hoist, in 1926. Big public works construction programs of 1927 and 1928, requiring huge amounts of soil to be shifted, saw to the further success of the Euclid Road Machinery division.
Euclid produced crawler wagons on tracks (similar to Athey Wagons) known as Euclid Tu-Way haulers. The crawler track speed restriction was seen as a problem, and the next version was on steel wheels, for improved speed. George Armington Jr was a keen hydraulics designer, and produced the first hydraulic Euclid dumpers around 1930. Great Depression
The Great Depression did not appear to affect Euclid greatly, and the expansion of the earthmoving side of the Euclid business, led to the incorporation of the Euclid Road Machinery Co, on July 11, 1931. This company remained a subsidiary of the Euclid Armington Corp, until Jan 1, 1933, when the companies were separated – and Euclid Road Machinery, set out on a dedicated path of producing fast, off-road earthmoving haulers.
The Euclid company produced its first, dedicated, and specifically designed, 7 yard (6.4 m) long, off-road dump truck, the Model 1Z, in Jan 1934. It was powered by a 100HP Waukesha gasoline engine. It used a specially designed, extremely heavy duty, Euclid rear axle, fitted with a new 17.5 x 24 tire, which had just been released by the tire industry. Although Mack had produced a 14 yard (12.8 m) long, Heavy Duty, off-road hauler, in 1931, specifically for the Boulder Dam project (the Model AP Super-Duty) – it was basically a beefed-up, road-going, chain-drive AC Bulldog Mack.
The next Euclid design, was an articulated, tractor/trailer style (in the style of the Caterpillar DW10), bottom dumper. This was known as the Model Z or ZW. Company expansion
From these early machines, Euclid went on to produce thousands of off-road haulers and scrapers, of ever-improving and larger design and became a large corporation by the early 1950s. The early 1950s was a period of great expansion and company mergers, and in 1953, the Euclid Corporation was purchased by General Motors, in what the leaders of both companies saw, as an advantageous deal, with complementary product lines. This deal came about, due to GM’s already awakened desire to enter into the earthmoving manufacturing field and the realisation by the Armington family, that a GM takeover would provide capital and design ability that they could only dream about. The GM takeover deal was announced on September 30, 1953, with the official takeover date being January 1, 1954.
Arthur Armington had died suddenly in 1937, leading to a stumble in Euclids fortunes – but George Armington only died in 1954, at the age of 89, after overseeing the highly satisfying and successful sale of Euclid to GM. Sons Stuart & Everett Armington retired in 1953, and George Jr retired in 1958 – with the youngest son Ray, being the last Armington to retire in 1960, after 7 years as General Manager of GM’s Euclid Division.
The 1950s and 1960s were good years for Euclid Trucks. Euclid produced the industry’s first 50 ton, 3 axle dump truck, with twin Cummins power, in 1951. Euclid produced two and three axle dump trucks with capacities up to 105 tons, in this period – with some of the largest three axle units, being used as tractors for even larger end dumps, and bottom dump haulers. Anti-trust lawsuit
However, in 1959, the Department of Justice under Attorney General William P. Rogers initiated an anti-trust suit, under the Clayton Act, against General Motors Corporation – charging that GM was too dominant, and its business methods were stifling genuine competition, in the off-road hauler and earthmoving market. GM fought the suit for 8 years, finally surrendering in 1968, by agreeing to sell the Euclid Division of GM.
After the anti-trust litigation, and the sale of Euclid to White Motor Corporation, GM formed its own Terex brand. Under the sale agreement with White Motor Corporation, GM was not allowed to produce trucks in competition with White Motor Corporation for 4 years from July 1, 1968 to July 1, 1972. GM could produce off-road haul trucks in this period – but could not sell them in the U.S. GM equipment dealers in the U.S. were offered a franchise deal from White Motor Corporation, to sell the White/Euclid line of trucks, for a period of 4 years. The international Euclid dealerships were still owned by GM – thus forcing White Motor Corporation to commence the formation of all new international dealerships. GM produced haul trucks in the 1968-1972 period, that it had developed during its ownership of Euclid – from plants in Canada and Scotland, that it had been allowed to keep. These were sold as Terex, but were essentially the same as the Euclid line.
The Euclid Company lost its high profile, after the sale to White Motor Corporation, and never achieved the prominence that it once enjoyed before its acquisition by GM. In the 1950s when you mentioned off-road dump trucks, they were referred to as “Euc’s”, just like we say Kleenex today for tissue. Current state
After the company was purchased by Hitachi Construction Machinery Co. Ltd. it is now producing a range of models of truck under the Hitachi name (although it is still commonly branded as a Euclid and several of the components still bear the Euclid name. Castings are too expensive to change for the sake of branding. There are two classes of the machines that are currently in production – both are “rigid dumper” models (dump trucks with a rigid frame, non-articulated). The smaller construction and quarry trucks (30 ton – 90 ton) are dwarfed by the larger mining trucks in the 140ton – 450ton range.
Production was moved from Euclid, Ohio to Guelph in Ontario, Canada and carries on. The trucks are very modern and even come equipped with mufflers and computer controllers and have to meet environmental requirements for sound and exhaust emissions.
There are some trucks currently in use in mines in the United States, they can be seen in Canada at Fort McMurray, and throughout China, Australia, Africa, Indonesia and South America as well. Although the heady days of the American needs for infrastructure has abated there is still much need for infrastructure and mining.
Smaller construction trucks, of 32 tons and 36tons capacity, are being built in India by Telcon, a joint venture between Tata and Hitachi Construction Machinery Co. Ltd. from Japan. These smaller trucks are of older technology – they were previously manufactured in Poland under license from VME (Volvo Michigan Euclid). The intended market for these older technology construction trucks is India.
White sold Euclid, Inc. to Daimler Benz AG of Stuttgart, Germany in August, 1977, and in January 1984, Daimler-Benz sold Euclid to one of Euclid former competitors, Clark Equipment Company and it became part of the Clark Michigan Company, as Clark construction machinery division was then called. The following April, Clark formed a 50/50 joint venture with Sweden Volvo AB, now known as Volvo Construction Equipment to manufacture Volvo, Michigan and Euclid construction equipment under the name of VME Group NV. VME underwent several rather confusing divisions amongst its American and European operations, culminating in 1991 in the creation of a VME North Americas unit to handle only the Euclid lines.
In December 1993, VME North America entered into a joint venture of its own with Japan Hitachi Construction Machinery Co. Ltd., called Euclid-Hitachi Heavy Equipment. Hitachi Construction Machinery Co. Ltd., a manufacturer of hydraulic construction machinery like excavators and cranes, gradually increased its share of the joint venture until it owned 100% of the venture in 2000. Hitachi did obtained Euclid to fill the gap which they felt in their ability to offer a complete mining package, as mining excavators and dump trucks usually are needed in combination with each other. Euclid-Hitachi became Hitachi Construction Truck Manufacturing on January 1, 2004, and the famous Euclid green was replaced with Hitachi orange. The Euclid trade name and model nomenclature were gradually phased out by the end of the year, ending 80 years of the Euclid name appearing on construction machinery. Developments
A Euclid R60 Dump truck
The Euclid company of Euclid, OH, was synonymous with off-road haul trucks, and earthmoving equipment such as bottom dumpers, and to a lesser extent, scrapers, in the 1950s. As described in Herbert L. Nicholas’ “Moving the Earth”, now in its 5th edition, Euclid was everywhere.
GM’s work on heavy duty automatic transmissions during the Second World War, had produced the Allison heavy duty automatic in 1945 and Euclid was the first to use this transmission in heavy duty off-road dump trucks, in the late 1940s because it met the need for an industrial transmission with huge power capacity, which was eagerly being sought, as engine sizes were rapidly increasing past the point where current transmissions could not cope with the power available.
Euclid had pioneered the use of twin engines (Twin-Power) in a bottom dumper (model 50FDT-102W), in November 1948. Their first Twin-Power scraper prototype (model 51FDT-13SH) appeared in February 1949, and production model Twin-Power scrapers were released in 1950 (GM powered model 68FDT-17SH – and the Cummins powered model, 66FDT-16SH). Prior to GM’s purchase of Euclid, the preferred engine of choice, by Euclid, was Cummins diesels. However, GM’s 2-stroke Detroit Diesel was offered as an option. When GM purchased Euclid, it led to dismay at Cummins, because they could see themselves losing an important customer. The takeover led to GM engines being the engine of choice – however, the Cummins option was still available; although the Cummins engined trucks sold in lower numbers after GM took over Euclid.
Ranging from 10 to 62 ton capacity, these lumbering giants roamed the strip mines, heavy construction sites and quarries of the world. Euclid’s end dumps reached 210 tons in capacity in the 1980s.
Euclid trucks were usually loaded by cable operated crawler shovels and draglines of other manufacturers, but Euclid also developed mobile belt loaders to load its bottom dump trucks.
Another type of machine that Euclid pioneered was the high speed tractor belly dumper. This machine combined an off road tractor, with a fifth wheel, and a very large,(at that time) up to 100-ton capacity, belly dump trailer. This machine, descended from bottom dump wagons drawn by crawler tractors, discharged its load through longitudinal gates in the bottom of the trailer. The first such trucks carried 13 cubic yards, but by the early 1960s capacities reached 110 tons.
These belly dumpers, and their off-road, end dump brothers, were normally loaded by cable operated, crawler shovels of other manufacturers brands.
Euclid also manufactured wheeled tractor scrapers, such as were invented by R. G. LeTourneau (later to become LeTourneau-Westinghouse, after the purchase of LeTourneaus company by Westinghouse Air Brake) and now almost singularly manufactured by Caterpillar. Euclid’s tractor scrapers were powered by the same tractors as their belly dumps. Interestingly, Euclid was the first major manufacturer to commercialize the now ubiquitous articulated rubber tired loader; the mainstay of many heavy equipment manufacturers nowadays, particularly Caterpillar. References
^ Nichols, Herbert Lownds; Day, David A. Moving the Earth: The Workbook of Excavation – Fifth Edition, (2005) McGraw-Hill Companies, Inc.
Euclid Earth-Moving Equipment 1924-1968 (Orlemann, Eric C., MBI, 2004);
Euclid and Terex Earth-Moving Machines (Orlemann, Eric C., MBI, 1997)
The Earthmover Encyclopedia (Haddock, Keith, MBI, 2006). External links
Euclid dumpers (at Volvo Construction Equipment) includes sub-pages on 22 Euclid models, with photos and technical specs.
History of Hitachi Construction Equipment Europe – mentioning acquisition of Euclid Categories: Construction equipment manufacturers | Engineering vehicles | Dump trucks | Volvo | Defunct companies based in Ohio | General Motors marquesHidden categories: Articles lacking in-text citations from June 2009 | All articles lacking in-text citations | Articles needing additional references from June 2009 | All articles needing additional references
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Financing Your Heavy Equipment
Heavy construction equipment requires a lot of capital investments. When the companies opt to buy these types of heavy construction equipments then they look out for the used equipments that may be on sale in the local market. This helps them in various manners. Companies sometime get used heavy construction equipment which are as good as new but the cost is much lesser than that offered in the showroom. Moreover, buying heavy construction equipment from the local market reduces the transportation cost as well. These overheads not look good in the balance sheet as they lead to increase in the project costs.
Financing is a major concern while buying heavy construction equipment. Most of the companies look out for times when the interest rates are low and they can strike a good bargain. In developing countries the rate of economic growth determines the external investments. A healthy growing economy attracts heavy foreign investments. Thus since the financial inflows are more the interest rates are much low. Thus buying heavy construction equipments or taking them as rentals is much more economical.
After the opening up to the markets and signing of the GATT agreement by most of the countries there has been increase in the competition and reduction in cost of equipments. Moreover, the heavy construction equipments have been manufactured at more locations than before. This trend has been on increase to serve the global market and cross-country support for infrastructure development. Moreover, there has also been increase in the duty-free import structure in the economies. But in case of the growing economies, increase in exports and development of local markets is still required to support the imports in the countries.
Demand for heavy construction equipment is more region-specific. In US markets and Western Europe, requirement for up-gradation of the locations is more required rather than developing new projects. These countries require maintenance and upgrading of the existing projects, which is more crucial for the existing infrastructure for long time sustenance.
In case of developing countries, building up of rail, roads, flyovers, high-rise, airports, and urban development is more crucial. All this requires lot of construction work, which requires use of heavy construction equipment. The largest producers of heavy construction equipment are located in the U.S., Japan, Germany, the U.K. and France, followed by Italy, South Korea, Canada, Sweden and Belgium. There are manufacturing units located at other locations also like China, Russia and Latin America. More manufacturing units for heavy construction equipments are expected to crop up at locations, which offer low material costs and cheap labor.
Heavy construction equipment is also available on rent. These can be leased out easily from the domestic market. It is much more beneficial to take the heavy construction equipment on rent or on least for a day or few days rather than purchase them and then sell them at lower cost or carry overheads like transportation, maintenance, etc. Buying heavy construction equipment is not much preferred option. Mostly in the US, long-term leasing is much more preferred over purchasing due to tax structure.
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Dongying Becomes The Country’s Largest Oil Equipment Industry Base
November 8, the author at the provincial level economic development zone Dongying Shengli Industrial Park, Freet Petroleum Equipment Co., Ltd., saw a number of new off the assembly line of the pumping units are awaiting loading external input. The company was founded in 2005, is already the nation’s largest manufacturer of large-scale pumping units, one in 2007 the company achieved sales income of 1.12 billion, of which 423 million in the international market sales. Fist-pumping years of manufacturing product capacity can reach 1,600 units, sucker rod annual production capacity of 5 million meters.
In Dongying, so there are a number of manufacturers. On behalf of the image of oil production, pumping units can be seen everywhere in the Dongying area, and now only the production capacity of Dongying District, has reached 10,000 units, accounting for 60% of total capacity.
In addition to pumping, the high “derrick,” a unique form of special vehicles, oilfield, oil and special pipes, pumping equipment, oil pump, etc., can be found in the Dongying area manufacturers. Victory plateau, Fu Reiter oil equipment, Corey Holdings, Sheng machine oil equipment, superior dynamic industry, famous enterprises such as the victory of pump products are sold in China’s major oil fields have been exported to North and South America, the Middle East, Africa, East Asia, Eastern Europe more than 50 oil-producing countries and the region’s oil exports of complete sets of equipment and technologies in the global oil equipment in the field of power is increasing.
In recent years, Dongying District, relying on the superior geographical location, environment, resources, human resources and other advantages, encourage and develop the petroleum equipment industry, and gradually formed a set of equipment, research and development, manufacturing, service and trade integration within a complete industrial system, the products covered by oil exploration, drilling mining, pipelines, petroleum chemicals and petroleum engineering technical services and other fields, to become the region’s advantages of special industries. In 2007, the region’s above-scale enterprises of oil equipment, the completion of main business income of 15 billion yuan, profits of 1.8 billion yuan, profit of 1 billion yuan, accounting for 31.3% of the total value of the national industry, 29.7%, 21.7%. Land-based oil drilling rig, oil special tube, pumping oil (electric) pump, sucker rod, gas generator sets, special vehicles, and other leading oil products capacity of the country’s total respectively 26%, 30%, 50%, 25%, 80%, 30%. , Shandong Province, oil equipment product sales revenue for two consecutive years the nation, its main production base in the Dongying area.
Petroleum equipment industry depends on the formation of clusters suitable for the development of carrier integration of provincial-level economic development zone Dongying District, Victory Industrial Park and the China Petroleum University of Science and Technology Park and other regional resources, to build R & D base and petroleum equipment manufacturing base in the core area. Dongying Shengli Industrial Park, Gao Xin Wei, director of the CMC, said, at present, the park has already accumulated 500 million yuan investment in infrastructure to make and built area of 6 square kilometers. Item 150 has been stationed in the park, with a total investment amounting to 9.0 billion, an accumulation of the oil pipe and other Huarui invested 13 billion yuan, 18 invested 50 million yuan of oil equipment manufacturing enterprises, has attracted the United States, Canada, Russia and Japan, more than 10 countries and the oil giant to come to cooperation and development, including many Fortune 500 companies.
As a high-tech industrial incubators in China University of Petroleum Science and Technology Park Victory Park, has built the hatch area of 130,000 square meters, in the incubation business 150 to develop high-tech products with independent intellectual property rights of 80 items. In the incubation for more than 90% of enterprises around the oil equipment manufacturing industry to conduct professional and technical research, product development and technical services. The successful development of business incubation products, more than 80% applies to oil exploration and development. I produced oil rig in the park’s Corey companies, see the two being tested more than 40 meters high, “Derrick.” Zhang Haipeng’s office told reporters that two “rigs” for the Indian company custom, each costing over billion.
Turning to how such a giant Sinotrans, Director Zhang said that it depends on the Dongying District, convenient logistics services. Dongying District Department of Transportation with the reporters came to comrades in the west central city of Dongying, where a large-scale railway construction of logistics center is being constructed. Department of Transportation’s comrades said the construction of logistics center to ensure that this year, invested 120 million yuan during the year to complete two rail lines and yard storage and construction of bases and other facilities to achieve an annual cargo throughput of 6 million tons, profit and tax 16 million yuan. Re-use of five years to complete all construction tasks, forming an area of 860 acres, the annual throughput of 12 million tons, set the supply of raw materials, coal and oil products transportation, bulk goods distribution and other functions in one large-scale comprehensive logistics park. Fast and convenient modern logistics has effectively promoted the oil equipment industry cluster strength to strength.
Dongying District, the oil equipment industry also benefited from the rapid development of the area to create a powerful platform for marketing services. Dongying District, the “recycling economy at the provincial level demonstration zone” construction as the carrier, and actively promote the petroleum equipment manufacturing industry chain interface. The formation of the Chinese Chamber of Commerce International Chamber of Commerce, Shandong Economic and Trade Branch of oil equipment, at present 107 members of chambers of commerce has been developed with the World Petroleum Engineering Association, the British Petroleum Institute, the African Petroleum Producers Association, more than 50 domestic and international industry organizations have established extensive contacts and strategic partnerships .
Oil equipment industry clusters spawned a strong rise of the oil industry. July 25, 2008, Dongying District, was officially named as China’s oil equipment industry base.
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Los Cochinos
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Los Cochinos
Studio album by Cheech & Chong
Released
1973
Genre
Comedy
Label
Ode Records/ Warner Bros. Records/ WEA
Producer
Lou Adler
Professional reviews
Allmusic link
Cheech & Chong chronology
Big Bambu(1972)
Los Cochinos(1973)
Cheech & Chong’s Wedding Album(1974)
Los Cochinos
Inner cover.
Los Cochinos (“The Pigs”) is a 1973 comedy album recorded by Cheech & Chong. The Spanish term cochino is a derogatory way of referring to a pig, as it also means “dirty”, in contrast to cerdo, a more neutral word for a pig as an animal. In this context, “cochino” (“[dirty] pig”) equates to the American derogatory term “pig” for policeman.
LP packaging: The first production release of this album on long playing vinyl was an example of the high quality album art from the day. Unlike the subsequent re-pressings of the recording, the packaging of the first release included a die cut cover showing a car door and another die cut cardboard inner cover showing the usually sealed parts of a car door (which contained baggies of marijuana); the cardboard edge of the opening of the cover was cut decoratively around the windshield in the upper right corner.
The credits and track listing was a black and white photograph of hand written graffiti also on a car door (four pairs of feet suggestively situated in the drivers side window) enclosed on a single sheet in the album. Additional graffiti includes the early seventies arithmatic statement:
2 Good+ 2 Be________4 Gotten,
a “? Made in U.S.A.” and the classic “Wash Me!”
Track listing
Side 1
“Sargent Stadanko” (Thomas Chong and Cheech Marin) 6:31
“Peter Rooter” (Thomas Chong and Cheech Marin) :20
“Up His Nose” (Thomas Chong and Cheech Marin) 3:24
“Pedro And The Man At The Drive-Inn” (Thomas Chong and Cheech Marin) 12:44
Side 2
“The Strawberry Revival Festival” (Thomas Chong and Cheech Marin) 3:24
“Don’t Bug Me” (Thomas Chong and Cheech Marin) 1:27
“Evelyn Woodhead Speed Reading Course” (Thomas Chong and Cheech Marin) :36
“Les Morpions” (Thomas Chong and Cheech Marin) 5:55
“Cheborneck” (Thomas Chong and Cheech Marin) 1:12
“White World of Sports” (Thomas Chong and Cheech Marin) 3:02
“Basketball Jones” by Tyrone Shoelaces & Rap Brown Jr. H.S. Band featuring George Harrison, Klaus Voorman, Jim Karsten, Jim Keltner, Carole King, Nicky Hopkins, Tom Scott, Billy Preston, Horny Guys (George Bohanon, Dick “Slyde” Hyde, Paul Hubison), Sister Mary Elephant, Santana Street School 6th Grade Class, Cheerleaders (The Blossoms: Darlene Love, Fanita Jones, Jean King and Michelle “Trixie” Phillips) (Thomas Chong and Cheech Marin) 3:02
Evelyn Woodhead Speed Reading Course
A parody of the numerous speed reading courses available in the United States in the 1960s and 1970s written by Cheech and Chong that first appeared on the 1973 album Los Cochinos. The title specifically refers to the Evelyn Wood course.
Voiced by Cheech Marin, the piece begins with the words delivered phonetically:
Ever since I took the Evelyn Woodhead speed ridin’ course, my ridin’ has [Tommy carefully sounds out the syllables somewhat incorrectly] im-PRO-vid won-der-FULL-y … and remember you heard it first here on Roller Derby
The short spoken word testimonial style skit was an efficient parody of commercials that were prevalent on the television and radio stations in that era.
Basketball Jones
The album’s final track, “Basketball Jones featuring Tyrone Shoelaces,” is a music track which features George Harrison on guitar, Carole King, Billy Preston and Tom Scott, with Darlene Love, Fanita Jones, Jean King and Michelle Phillips (The Mamas & the Papas) as cheerleaders. Animated in 1974, parts of this music video were featured in the 1979 movie Being There. This track was also released as the single Basketball Jones featuring Tyrone Shoelaces and reached #36 in Canada.
References
^ (1973) Album notes for Los Cochinos ?#!!* by Cheech y Chong [CD]. Los Cochinos ?#!!* at MusicBrainz.
^ “Basketball Jones featuring Tyrone Shoelaces” (TXT). a searchable database of over 200,000 text files on a variety of subjects. Higher Intellect. http://www.preterhuman.net/texts/lyrics_and_music_related/unsorted_lyrics/basketball_jones_featuring_tyrone_shoelaces.txt. Retrieved on 2008-03-01.
v?d?eCheech & Chong
Main Films
Up in Smoke? Next Movie? Nice Dreams? Things Are Tough All Over? Still Smokin’? The Corsican Brothers? Get Out of My Room
Related Films
It Came from Hollywood? Yellowbeard? After Hours
Discography
Cheech and Chong? Big Bambu? Los Cochinos? Wedding Album? Sleeping Beauty? Up in Smoke? Let’s Make a New Dope Deal? Greatest Hit? Get Out of My…(and so on) To get More information , you can visit some products about mini excavator parts, custom bicycle parts, . The Polyurethane Joint Sealant products should be show more here!
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Caterpillar Equipment
Caterpillar Incorporated, also known as CAT is a United States based corporation that is based in Peoria, Illinois. The company commonly known as CAT is known around the world as the largest manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines.
Well known and famous for their products that feature the Caterpillar track and distinctive yellow paint, CAT produces a wide range of heavy equipment for all types of jobs, including the very popular Caterpillar D9 bulldozer.
History
The story of CAT dates back to the late 19th century, when Daniel Best and Benjamin Holt were experimenting with different ways to fulfill the promise that steam tractors held for farm work. Prior to 1925, the Holt family had pioneered track tractors and gasoline powered engines. After the companies of Best and Holt were merged, the company went through several changes then at the end of World War 2, they began to grow at a very fast pace, launching the first venture outside of the country in 1950, which marked the beginning of CAT development into a big corporation.
CAT equipment ranges from track type tractors to hydraulic excavators, backhoes, motor graders, off road trucks, wheel loaders, tractors, diesel and gas engines, and gas turbines. CAT equipment is used in construction, excavation, building roads, mining, energy, forestry, transportation, and material handling companies.
Sales
Over half of CAT’s sales are to customers in overseas areas. CAT products are sold in almost 200 different countries. The company has a worldwide network of over 200 dealers – 63 in the United States and over 150 in other countries. CAT equipment and components are manufactured in 42 plants in the United States and 58 plants in Australia, Belgium, Brazil, Canada, England, France, Germany, India, Japan, Mexico, and several other countries.
Labor
CAT almost went down in the early 1980s due to the massive union strikes and a down turn in product demand. At the time, several news reports indicated that products were piling up so high in facilities that temporary workers hired to work the lines could barely get to their stations to perform their jobs.
In the 1990s, CAT suffered yet another long strike in which the company hired what it deemed to be permanent replacements for union workers that were on strike. During both strikes, jack rocks were placed in the home entrances of many of CATs top executives and employees, puncturing the tires of their vehicles and making things worse for the company.
Not long after the strike of the 1990s ended and the economy started to get back up again, CAT adopted the “6 Sigma” quality management program, to help reduce costs and inventory and identify and correct the defects in processes and products.
Heavy Equipment Auctions – Tips & Advice
When It’s Good To Buy Used
The slow economy has led to plenty of plenty of enormous and tiny construction corporations to slow down greatly or go into Chapter 11. As a result there is a giant amout heavy construction plant available for sale at heavy equipment auctions and other places. From used bulldozers and used backhoes to tractors and farm kit. Almost anything can be acquired at good prices at heavy equipment auctions.
Most business middle management like the low capitial investment when buying top spec used construction plant at exceptional costs.
These smaller firms are far more in a position to keep a watch on how the used machines are maintained, so the machines are always in prime quality working condition. Offering a wide line machinery from dump lorries to back hoes from all of the major manufacturers,e.g. Caterpillar, Bobcat, John Deere, Case, New Holland, Volvo and Hitachi.
All this large, heavy equipment is sold outright or auctioned at places like heavy equipment auctions. They help to bring together the failed companies that need to liquidate assets and buyers on the other end that need machinery at discounted prices.
Selling more than simply used construction apparatus, Most auctions also offer prime quality used parts and attachments for sale at fair costs. Some used machinery, parts and accessories are cleaned and completely checked before each sale. Ebay which has been around for a long time is probable the best heavy equipment auctions outlet in the U.S. that is focused on a huge range of used construction kit and trucks. Firms , as well as independent contractors, can select used construction kit from a full line of the top makers.
If you aren’t able to inspect it yourself, make sure a detailed inspection is performed by someone that knows what they are doing and can perform a trustworthy methodology of inspection. If you buy equipment from Canada, or another country and need it shipped internationally, make sure to verify the costs of getting it to you thru the heavy equipment auctions where your are buying through.
Thru these firms you’ll find a great deal on used construction equipment, to lease, buy out right or to bid on. Through these same corporations, you may also sell your own apparatus for a fair fee and have your own used construction plant available to buyers and bidders across the world. Some people make a living by buying a discount from heavy equipment auctions and then reselling the items locally for a nice profit.
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Rene is an authority on many subjects. Here he discusses the heavy equipment auctions and shows where to find the bargains on Heavy Equipment Auctions at bargain auction pricing. Plus Tips on how to select the right ones for you, and where to save a lot when your ready to purchase.
Types of Caterpillar Equipment
Caterpillar Incorporated, also known as CAT is a United States based corporation that is based in Peoria, Illinois. The company commonly known as CAT is known around the world as the largest manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines.
Well known and famous for their products that feature the Caterpillar track and distinctive yellow paint, CAT produces a wide range of heavy equipment for all types of jobs, including the very popular Caterpillar D9 bulldozer.
History
The story of CAT dates back to the late 19th century, when Daniel Best and Benjamin Holt were experimenting with different ways to fulfill the promise that steam tractors held for farm work. Prior to 1925, the Holt family had pioneered track tractors and gasoline powered engines. After the companies of Best and Holt were merged, the company went through several changes then at the end of World War 2, they began to grow at a very fast pace, launching the first venture outside of the country in 1950, which marked the beginning of CAT development into a big corporation.
CAT equipment ranges from track type tractors to hydraulic excavators, backhoes, motor graders, off road trucks, wheel loaders, tractors, diesel and gas engines, and gas turbines. CAT equipment is used in construction, excavation, building roads, mining, energy, forestry, transportation, and material handling companies.
Sales
Over half of CAT’s sales are to customers in overseas areas. CAT products are sold in almost 200 different countries. The company has a worldwide network of over 200 dealers – 63 in the United States and over 150 in other countries. CAT equipment and components are manufactured in 42 plants in the United States and 58 plants in Australia, Belgium, Brazil, Canada, England, France, Germany, India, Japan, Mexico, and several other countries.
Labor
CAT almost went down in the early 1980s due to the massive union strikes and a down turn in product demand. At the time, several news reports indicated that products were piling up so high in facilities that temporary workers hired to work the lines could barely get to their stations to perform their jobs.
In the 1990s, CAT suffered yet another long strike in which the company hired what it deemed to be permanent replacements for union workers that were on strike. During both strikes, jack rocks were placed in the home entrances of many of CATs top executives and employees, puncturing the tires of their vehicles and making things worse for the company.
Not long after the strike of the 1990s ended and the economy started to get back up again, CAT adopted the “6 Sigma” quality management program, to help reduce costs and inventory and identify and correct the defects in processes and products.
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Heavy Construction Equipment and Trucks For Sale, Canada, With Canadian Financing
Heavy construction equipment and trucks in Canada or United States that are for sale are available with Canadian financing. Whether you are locating heavy construction equipment and trucks in Canada and/or Unites States for sale, such as concrete pumps, dump trucks, hydraulic excavators, bulldozers, crawler tractors, motor scrapers, diamond grinders, compaction equipment, aggregate equipment, off highway truck, etc can be an acquisition and financing opportunity for Canadians.
Today’s economy in the Unites States is all over the place and offers Canadians tremendous discount opportunities on United States construction truck and equipment with conventional Canadian financing and leasing being offered on either U.S or Canadian equipment acquisitions.
Canadian construction truck and equipment owners can seek special acquisition deals in the U.S secondary markets where there are repos and off lease trucks and equipment to be secured for acquisition.
These acquisition deals are spread out from California to the East Coast and enables the start up and seasoned Canadian owner operators an unique opportunity to acquire construction trucks, trailers and related construction equipment items for an extraordinary discounted price with Canadian financing being offered…
The clearance of these heavy duty construction trucks and related construction equipment are paramount for these U.S dealerships and banks to continue operations.
Canadian lenders are offering either financing on either normal conventional acquisitions, and/or repos and off lease heavy duty construction equipment and trucks with a minimum credit score starting as low as 550 and require as little as first and last payment to start and/or expand their business for Canadians. Additionally, there are some application only Canadian financing programs up to $50,000. Amounts over $50,000 require some additional documentation no order to satisfy banking requirements.
In addition, if you are a cash buyer, there is large opportunity to acquire a construction truck, trailer and/or construction equipment at a substantial discount….
The types of heavy trucks and construction equipment dealers are offering are built by:
Peterbilt, Kenworth, Freightliner, Mack, International, Volvo. Sterling, Ford, GMC, John Deere, Caterpillar, Case, Olin, Reed, Komatsu, Kobelco etc
In conclusion, a Canadian can buy construction equipment and trucks either in the United States or Canada and be eligible for Canadian financing. This is a buyers market for construction trucks and equipment..
Canadians, happy hunting for your acquisition of a heavy duty truck, trailer and construction equipment and its related Canadian financing.
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
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