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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http://news.mehvac.com/hhlaunch/


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.

Mitsubishi Electric Cooling & Heating’s new H2i R2-Series heat pumps provide year-round comfort, even in extreme climates. With 100% heating capacity down to 0° F outdoor ambient and simultaneous heating and cooling down to -4° F, our hyper-heating systems bring highly responsive multi-zone comfort to your projects, regardless of climate zone.

http://news.mehvac.com/hhlaunch/


 
03/03/2015

GSA announces plans for construction and repair projects.

03/02/2015

New technology could slash consumption up to 30%.

02/27/2015

Design is low-cost and green while providing more energy storage.

02/26/2015

LEED, IgCC, Standard 189.1 will work in harmony.

02/25/2015

Standard 189.1 seeks to expand renewable energy definition.

02/24/2015

Efficient construction techniques improve housing affordability.

02/23/2015

Guidance to improve energy efficiency of all aspects of data center operation.

02/20/2015

Model shows new technology could keep buildings standing after disasters.

02/19/2015

Expected to produce 550 megawatts of renewable energy.

02/18/2015

Best practices for infection prevention linked to hand irritation.

02/17/2015

State policies may not cut greenhouse gas emissions.

02/16/2015

New materials could cut initial costs for solar technology.

02/13/2015

Fannie Mae recognizes value of sustainable design.

02/12/2015

Localized technology could dramatically cut HVAC energy usage.

02/11/2015

Government energy consumption continues its decline.

02/10/2015

Study shows renewable option has economic potential.

02/09/2015

Proposed guideline would standardize collision deterrence testing.

02/06/2015

Illinois repeats as top state for green-certified buildings.

02/05/2015

New system to help FMs find the greenest products.

02/04/2015

Combination of cyber and physical measures to prevent electricity theft.

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