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Caterpillar Inc. said disruptions in its supply chain in Japan could sporadically affect the company’s assembly plants elsewhere in the world.
The Peoria-based manufacturer of construction equipment said Friday it is attempting to secure alternative sources for components produced by Japanese-based suppliers in case they aren’t able to provide sufficient volumes of components in the aftermath of last week’s earthquake and tsunami in northeast Japan. Get the full story »
Caterpillar’s machinery sales through dealers accelerated in the trailing three-month period through January, according to data posted on the equipment maker’s website.
Dealer-reported retail sales were up 49 percent worldwide from a year earlier, accelerating from the 44 percent pace reported last month. The increase was led by jumps of 58 percent in North America and 56 percent in Latin America, both marking a sequential increase, according to data on the website. Get the full story »
Caterpillar Inc. said retail sales of its heavy machinery rose 48 percent in the three months ended Oct. 10, a slightly slower rate of growth than the 53 percent increase reported in the three months ended in September.
The world’s largest maker of heavy equipment said retail sales were up most sharply in Latin America, where they rose 59 percent. The U.S. company saw the slowest growth in Europe, Africa and the Middle East, where sales were up 40 percent.
A Bucyrus 495HR electric mining shovel loads a Caterpillar 793C mining truck at a mine site. (AP/Bucyrus)
Caterpillar Inc., the world’s largest construction and mining equipment maker, said Monday it has agreed to buy Bucyrus International Inc. for $7.6 billion, aiming its sights on rapid growth in emerging markets.
Bucyrus, which is based in South Milwaukee, Wisconsin, makes surface mining equipment used for mining coal, copper, iron ore, oil sands and other minerals. Growth in emerging markets like China, India and Brazil has driven profit many companies as growth in the rest of the world remains slow. Get the full story »
U.S. construction spending rose unexpectedly in September as investment in public projects touched the highest level in more than a year, a government report showed on Monday. Get the full story »
Caterpillar Inc. reported stronger-than-expected earnings on Thursday and raised its full-year forecast, but warned that a number of factors could weigh on its performance next year, and its shares fell as much as 2.8 percent.
The world’s largest maker of earth-moving equipment, which last year had its worst one-year decline in sales since the Great Depression, said it expected sales next year to snap back to pre-recession levels. Get the full story »
General Electric Co. reported a sharper-than-expected drop in revenue on slack demand for heavy equipment, casting doubts about the pace of the U.S. recovery from the worst economy since the Great Depression.
The largest U.S. conglomerate’s 5.1 percent decline in sales overshadowed better-than-expected profit and sent GE shares down 3 percent in premarket trading on Friday as some investors took it as another sign that the economic recovery is faltering. Get the full story »
