Caterpillar shatters profit records in 2011

Caterpillar Inc, the world's biggest manufacturer of construction and mining equipment, on Thursday shot the lights out with its fourth-quarter earnings announcement, unveiling its biggest year-on-year revenue increase since 1947 – the year the...

Caterpillar permanently cuts 2 500 workers, others return

Equipment giant Caterpillar has begun notifying about 2 500 laid off US employees that they will not return to the company, it announced on Monday. At the same time, however, the firm has started bringing back other laid off workers at various...

US manufacturer forms new distribution agreement

US based Terex Corporation, the third largest manufacturer of construction and mining equipment in the world, has sold its South African subsidiary, Terex Africa, to Imperial Holdings and entered into an agreement with Imperial to distribute a...

Mining truck and shovel agreement reached

Manufacturer of construction and mining equipment Caterpillar and Terex Corporation have reached a nonbinding agreement, in which Caterpillar will acquire Terex’s worldwide electric-drive mining truck business, and Terex will acquire...