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

 
01/23/2015

Data shows earth's surface temperature increase to a new high

01/22/2015

New reports show ownership could have fast benefits.

01/21/2015

New formula kills germs, prevents them from reappearing.

01/20/2015

 Study shows properly maintained roofing can last as long as buildings.

01/19/2015

Increases projected at nearly 10% per year.

01/16/2015

Pollution, health improvements more powerful motivators than cost savings.

01/15/2015

Administration looks to cut GHGs from oil, natural gas production.

01/14/2015

Vegetation effective at dampening noise.

01/13/2015

Database will aid in making green purchasing decisions. 

01/12/2015

Includes best practices for energy monitoring and reduction.

01/09/2015

Study shows majority of reserves must be left alone to mitigate climate change.

01/08/2015

Energy department looks to standardize definition.

01/07/2015

Plus 12 best practices to reduce operating costs. 

01/06/2015

Improvements extend beyond energy efficiency to carbon emissions.

01/05/2015

Rule expected to cut carbon emissions, electricity use in lighting.

01/02/2015

Data storage pattern for media improves light absorption. 

12/31/2014

Partnerships will help communities prepare for electrical disruptions.

12/30/2014

Scientists find chemical attractants that trap the insects.

12/29/2014

Older buildings will improve resiliency to earthquakes.

12/24/2014

New DD Green program looks to improve restaurant sustainability.

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