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CAT CEO's Compensation Cut To $12M

April 22, 2014 8:50 am | by David Koenig, AP Business Writer | News | Comments

Caterpillar cut the value of its CEO's pay package by 32 percent to $12 million in 2013, a year when the heavy machinery maker saw its profits fall by a third, according to an Associated Press analysis.         

Manufacturing.net Rewind: CAT Avoids Taxes; CBS Adds Sound To Tesla

April 4, 2014 2:23 pm | News | Comments

Check out some of this week's top headlines from across Manufacturing.net, from a senator's...

CAT To Hire More Workers For Georgia Plant

April 4, 2014 7:56 am | News | Comments

The Caterpillar company is planning to hire 100 more workers for its new manufacturing plant in...

Senator: CAT Avoided Billions In Taxes

April 1, 2014 7:44 am | by Stephen Ohlemacher, Associated Press | News | Comments

Executives from manufacturing giant Caterpillar Inc. are heading to Capitol Hill to explain what...

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Deere CEO Optimistic In 2014

March 3, 2014 8:57 am | News | Comments

Allen says this year will be pivotal for the company as lower demand for farm equipment cuts sales but he is optimistic demand for construction equipment and other advanced machinery will strengthen.           

Deere Sees Farm Slowdown, Projects Sales Decline

February 12, 2014 8:39 am | News | Comments

High crop prices have put money into farmers' pockets and driven a boom in demand for Deere's tractors and other motorized farm gear. But Deere says demand for farm equipment is "moderating." It says farm and construction equipment sales will fall 3 percent this year, and will fall 6 percent in the second quarter.

5 Ways China's Slowdown Will Ripple Across Globe

February 11, 2014 8:06 am | by Joe McDonald, AP Business Writer | News | Comments

Growth has marched steadily downward over the past two years as Beijing clamped down on a spending boom that analysts worry has pushed debt to dangerous levels. That has meant less Chinese demand for imported goods from copper and cement to factory machinery and earth movers.

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Miss. Silicon Plant Plans Revived After 2011 Failure

January 3, 2014 2:09 pm | by Dennis Seid, Northeast Mississippi Daily Journal | News | Comments

For the second time in three years, a company is promising to build a silicon metal production facility and add hundreds of jobs. Only this time, officials say it will be in Burnsville. In 2011, the company, Mississippi Silicon, eyed Lowndes County for a similar project.

CAT To Close Va. Plant, Lay Off 240

November 20, 2013 8:08 am | News | Comments

Caterpillar Inc. is shutting down its mining equipment plant in Pulaski, laying off 240 workers. The company said the production of underground mining equipment will move from Pulaski to Caterpillar's Houston, Pa., facility by the middle of next year.

Report: U.S. Farm Equipment Sales Fall In October

November 12, 2013 10:51 am | News | Comments

An industry report shows that sales of farm tractors and combines fell in October from the same month a year ago. But Monday's report from the Association of Equipment Manufacturers also says that U.S. sales of the items in the first 10 months of the year still remain ahead of last year's pace.

CAT To Close W.Va. Highwall Miner Plant

November 5, 2013 8:28 am | News | Comments

Caterpillar Inc. is closing a highwall miner plant in southern West Virginia and moving production to a facility in Pennsylvania. Media outlets report that the company announced the move on Monday. Caterpillar says its plant in Beckley will close by mid-2014. Production will be shifted to the company's plant in Houston, Pa.

CAT Christens New Ga. Manufacturing Plant

November 1, 2013 2:14 pm | News | Comments

So far, about 300 out of a promised 1,400 workers have been hired at the plant, according to The Atlanta-Journal Constitution. But Oberhelman told the Atlanta newspaper Thursday that he expects the facility to be fully staffed by 2015.     

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CAT To Close Texas Plant, Idling 100

October 30, 2013 7:43 am | News | Comments

Caterpillar Inc. has announced that it will close an East Texas plant and move the work elsewhere, putting about 100 employees out of work.The announcement to close the dippers plant in Kilgore comes a week after the Peoria, Ill.-based heavy equipment maker revealed third-quarter earnings fell 44 percent.

Deere Sells Stake In Landscape Business For $300M

October 28, 2013 11:01 am | News | Comments

Farm and construction gear maker Deere & Co. says it reached a deal to sell a majority interest in its landscapes business to Clayton, Dubilier & Rice, a private equity firm, for $300 million. The deal leaves Deere with a 40 percent stake in the business.

Production Lines To Roll Soon At CAT Plant

October 23, 2013 7:49 am | News | Comments

A company engineer says production lines at Caterpillar's new Georgia plant will be rolling in time to meet the manufacturing firm's Nov. 1 goal. Kevin Turner, a supply chain planning engineer, tells The Athens Banner-Herald (http://bit.ly/1639tdM) that a new Caterpillar 308 mini-excavator will roll off the line that day.

Autodesk Opens New San Francisco Workshop For Advanced Manufacturing

September 16, 2013 3:25 pm | by Joel Hans, Managing Editor, Manufacturing.net | News | Comments

The company behind some of the most used and highly-regarded 3D design software has opened up a new 27,000 square-foot facility on San Francisco’s Pier 9. The Autodesk Workshop aims to help more people imagine, design and create new software, tools and advanced workflows across industries.

U.S. Cutting Tool Consumption Up 3.2 Pct. In July

September 11, 2013 11:26 am | News | Comments

July U.S. cutting tool consumption totaled $159.5 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 3.2 percent from June’s total but down 0.2 percent from July 2012.

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Deere Looking At Options For Irrigation Unit

September 3, 2013 1:51 pm | News | Comments

The company said it has hired Bank of America Merrill Lynch to advise it on "strategic options" for the unit, which typically signals the possibility of a sale or spinoff. Deere said no formal decisions have been made and no agreements have been reached for its John Deere Water unit.

CAT: 3 VPs To Retire

August 21, 2013 8:01 am | News | Comments

Caterpillar Inc., which makes construction and mining equipment, said Tuesday that three of its long-time vice presidents have decided to retire in February.Steve Fisher, 58, and vice president of the large power systems and growth markets division, is retiring after 35 years with the company.

U.S. Cutting Tool Consumption Off 8.2 Pct. Through June

August 14, 2013 12:10 pm | News | Comments

June U.S. cutting tool consumption totaled $155 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 6.6 percent from May and down 12.8 percent from the June 2012 level of $195 million.

Ark. Mower Firm Expands To Multi-Terrain Vehicles

August 8, 2013 10:51 am | News | Comments

A Batesville-based company that makes high-end riding lawnmowers said Wednesday it completed an expansion for a new line of multi-terrain vehicles and will add up to 200 new employees.Bad Boy Mowers said Wednesday it will hire the new workers over the coming three to five years.

Fives Completes Acquisition Of MAG Americas

July 30, 2013 4:16 pm | by Joel Hans, Managing Editor, Manufacturing.net | News | Comments

Fives has announced its acquisition of MAG Americas by bringing onboard three more of its brands — Cincinnati, Giddings & Lewis and Forest-Liné. The company says its recent purchase will help it strengthen its position in aerospace, renewable energy and mining equipment by increasing its capacity to manufacture the high-precision machine tools used to manufacture complex or high-performance equipment.

igus Continuous-Flex Cables Are Tested, Tested… And Tested

July 11, 2013 11:16 am | Product Releases | Comments

 igus is touting its 19,000 square foot laboratory, where the company tests the durability of its Chainflex continuous-flex cables, to the tune of around two billion test cycles, on more than 50 test machines, every year. 

Ford Unveils New Tech To Revolutionize Advanced Manufacturing

July 3, 2013 1:04 pm | by Ford Motor Company | Boeing | News | Comments

Continuing to lead the way in technology and advanced manufacturing, Ford Motor Company is developing a new form of manufacturing technology that has the potential to reduce costs and delivery time for sheet metal parts needed in smaller quantities.

Grand Opening Set For West Fargo Equipment Plant

July 1, 2013 2:17 pm | News | Comments

A North Dakota heavy equipment manufacturing company is showing off its $50 million expansion project. The Caterpillar Reman Drivetrain facility in West Fargo will help produce components for large off-highway trucks and other mining equipment.   

CAT Buys Swedish Ship Propulsion Company

July 1, 2013 1:56 pm | News | Comments

Caterpillar Inc. said on Monday that it will buy a Swedish company that makes ship thrusters and propellers, deepening its capabilities in the marine business. The deal to purchase Johan Walter Berg AB is expected to close in the third quarter, as long as it gets government approval. A purchase price wasn't disclosed.

The Catastrophe Of Non-Catastrophic Failures

June 27, 2013 11:40 am | by Mark Cox, Director of Technical Training & Advanced Systems, Advanced Technology Services, Inc. | Articles | Comments

Heavy equipment manufacturing has a specific DNA. It’s made up of equal parts of Okuma, Mazak, Fanuc, Seiki and many more. These are the tools needed for the trade. And in this world, the OEM stands as the lone resource ready to rescue the day from downtime. Right? Not quite.

Manufacturing Revival Radio: Hypertherm Cuts Through Operational Excellence

June 26, 2013 12:24 pm | by Manufacturing Revival Radio | Podcasts | Comments

A few weeks back we spoke with Kevin Duggan, Founder of the Institute for Operational Excellence and President of Duggan Associates, and heard a captivating story involving a very interesting organization. Well on today’s show we are excited to have the chance to finally speak with that organization.

ELFA: New Business Volume Up 21 Pct. YOY In May

June 21, 2013 10:00 am | News | Comments

The Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $725 billion equipment finance sector, showed their overall new business volume for May was $7.5 billion, up 21 percent compared to volume in May 2012. Month-over-month, new business volume was unchanged from April. Year to date, cumulative new business volume was up 11 percent compared to 2012.

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