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Caterpillar seeks new CFO with Halverson to retire next year

By: Bloomberg     1st August 2017 Caterpillar is looking for a new CFO just nine months after the largest maker of construction and mining equipment announced the departure of its long-serving CEO. The Peoria, Illinois-based company has started a global search to replace Brad Halverson, who will retire early next year to help... 

Caterpillar beats Q4 earnings forecast, optimistic about infrastructure plans

By: Henry Lazenby     27th January 2017 US earthmoving and construction equipment manufacturer Caterpillar has reported flat year-on-year adjusted earnings for the December quarter, reflecting pressure in many of its end markets owing to weak economic conditions in several parts of the world. The Peoria, Illinois-based company reported... 

Caterpillar will consider retaining jobs in US under Trump

By: Bloomberg     8th December 2016 Under a Donald Trump government, Caterpillar will consider keeping jobs in the US that may have otherwise been shifted abroad, CEO Doug Oberhelman said. Tax changes and other policies proposed by president-elect Trump would help generate more jobs and it’s “reasonable” to think the economy can... 

Caterpillar to cut nearly 200 jobs as it seeks alternatives for certain underground products

By: Henry Lazenby     19th August 2016 In dealing with the longest down cycle in its 90-year history, US mining equipment manufacturer Caterpillar is pursuing strategic alternatives for its room-and-pillar products and discontinuing the manufacture of track drills. The Peoria, Illinois-based company said Thursday it would forthwith... 

MINExpo INTERNATIONAL 2016 names chairperson for world's biggest mining equipment show

By: Creamer Media Reporter      3rd May 2016 Washington, D.C. – The National Mining Association (NMA), sponsor of MINExpo INTERNATIONAL® 2016, today announced that Caterpillar Inc. group president Denise Johnson will chair the world’s largest mining equipment exhibition.  Johnson, who oversees the Resource Industries group for the Peoria,... 

Philippi-Hagenbuch Hard Rock / Ore Truck Bodies Maximize Payload, Minimize Maintenance

     4th August 2014 PEORIA, Ill. (November 27, 2012) – Philippi-Hagenbuch (PHIL) takes hauling hard rock and ore to an innovative new level with its HiVol® Hard Rock / Ore Bodies. Designed with the hard rock and ore mining industry in mind, PHIL engineered its special Hard Rock / Ore bodies to easily handle highly... 

Philippi-Hagenbuch Introduces Revolutionary Rolling Wedge™ Cutter For Outstanding Efficiency, Reduced Cutting Dust

     18th March 2014 Philippi-Hagenbuch has introduced its newest patent-pending invention from LeRoy Hagenbuch, P.E, the Rolling Wedge™ Cutter. The Rolling Wedge Cutter offers an innovative material-cutting approach that could dramatically improve material trenching and mining processes while improving cut size and... 

Caterpillar reports record 2013 cash flow despite $10bn revenue drop

By: Henry Lazenby     28th January 2014 The world’s largest earth-moving machinery and construction equipment manufacturer Caterpillar on Monday said that it would embark on a new $10-billion stock repurchase programme after it expected to complete its current $7.5-billion programme early, boosted by record full-year cash flow despite... 

Caterpillar narrows Q3 profit, again cuts FY outlook

By: Henry Lazenby     23rd October 2013 The significant downturn in the mining market has hurt the world’s largest earthmoving-equipment manufacturer Caterpillar’s third-quarter earnings, forcing the company to readjust its full-year outlook lower. Caterpillar on Wednesday said that for the quarter ended September 30, its sales and... 

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