Industry News




 

01/26/2012

Recession? Caterpillar reports record sales and profits for 2011

 
Caterpillar reports record sales and profits in 2011.

While many industry veterans continue to ride out the recession, Caterpillar Inc. has posted a record increase in sales and revenues for 2011 – Their largest percentage increase in any year since 1947.  Caterpillar has stated a figure of $60.138 billion, an increase of 41% from $42.588 billion in 2010. 

How did they do it?  The percentage increase was largely driven by demand for products and services outside the United States.

"Our strategy is squarely focused on customers, and in 2011 our employees, suppliers and dealers delivered.  We improved product quality, invested significantly in manufacturing capacity and product development, and improved our market position.  We completed two large acquisitions—Bucyrus and Motoren-Werke Mannheim Holding GmbH (MWM)—in important growth industries that are a great strategic fit and provide our customers an even broader range of products," says Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.

Construction Industries

In most developed countries, sales increased significantly despite relatively weak construction activity.  The improvement in sales was largely driven by the need for customers to upgrade machine fleets by replacing older equipment and from dealers refreshing equipment in their rental fleets. 

Despite the increase from a year ago, sales of new machines to customers in developed countries remain significantly below previous peak levels.  The size of rental fleets increased slightly from post-recession lows, but the average age remained historically high.

 


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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 
11/26/2014

Survey shows green initiatives pay off in hiring as well as energy.

11/25/2014

More executives choosing alternatives to LEED.

11/24/2014

EPA challenge to increase diversion rates for the holidays.

11/21/2014

Framework allows users a better look at roofing's environmental impact.

11/20/2014

Study finds paper towel dispensers carry far fewer germs.

11/19/2014

Tool will help manage information during power outages.

11/18/2014

Requirements include energy, IEQ, and sustainability updates.

11/17/2014

Group of 17 properties earn energy efficiency designation.

11/14/2014

Water conservation efforts see results.

11/13/2014

Study shows sustainable investments weather the winter.

11/12/2014

Standard focuses on occupant health.

11/11/2014

EPA says cleanup will cost hundreds of thousands of dollars.

11/10/2014

Methane will be used as a fuel source.

11/07/2014

ASTM to target roofing material diversion rates. 

11/06/2014

ORNL scientists look to the future of renewable energy integration.

11/05/2014

Lawsuits unlikely to convince polluters to change opposition to legislative reform. 

11/04/2014

Green building investment jumps in 2013. 

11/03/2014

Study shows difference between reported and measured occupant behavior

10/31/2014

Report shows energy modeling as key to improving building performance

10/30/2014

Report shows healthy features and practices yield results.

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