BREAKING NEW GROUND From underground coal mines in China and surface gold mines in Mali to the oil sands of Canada, Caterpillar Mining’s products are hard at work. Abigail Saltmarsh looks at recent developments at the company.
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trategic takeovers, new products and an ever-growing global customer base – as part of Caterpillar Inc, Caterpillar Mining is extending its reach even further. Driven by a key strategic imperative to expand its leadership and support for customers in the mining industry, the company has announced that it has completed its acquisition of Bucyrus International, Inc. The company has also seen its 10,000th truck roll off the line and has launched the new 795F AC. This is Caterpillar’s first AC electric drive truck.
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A global leader Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company is also a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. With 50 production facilities in the United States and another 60 overseas, Caterpillar does about 44 per cent of its business within the USA and 56 per cent abroad. The com-
pany employs over 100,000 people – and of those, about 1250 are employed by the Caterpillar Global Mining organisation.
Strategic acquisition It was in July 2011 that Caterpillar announced it had completed the acquisition of Bucyrus International. Caterpillar group president Steve Wunning would have executive office accountability for Caterpillar’s Global Mining business, including Bucyrus. “We are pleased to complete this acquisition and are proud to welcome Bucyrus
