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Tag: Cat mining equipment
Telematics
Cat partners with Minetec to expand capabilities of MineStar telematics service
Caterpillar has entered into an agreement with Australian company Minetec to develop underground hard rock mining technology. Cat says the goal of the partnership is to “deliver best-in-class site solutions for mining customers.” The company says the resulting technology will be integrated solutions offered as part of Cat’s MineStar platform. MineStar provides telematics, data analysis, […]
March 1, 2018
Business
Caterpillar to lay off another 150 workers at Illinois mining plant
Caterpillar has announced a second round of layoffs at its Decatur, Illinois facility. Following a January 19 round of cuts that laid off more than 200 workers across the Decatur and East Peoria plants, Caterpillar has confirmed plans to lay off an additional 150 workers in Decatur where the company manufactures products for the mining industry. The […]
May 8, 2015
Business
Forbes: Caterpillar’s mining woes likely to continue hurting sales in 2014
For the last three quarters, Caterpillar’s financial results have shared a familiar theme: decreased demand for mining equipment. Caterpillar’s mining sales are down 33 percent annually, or $5.4 billion. And a new report from Forbes, put together by stock price estimate firm Trefis, says Caterpillar’s mining woes will likely continue at least into early 2014. […]
December 29, 2013
Business
The latest in a string of closings, Caterpillar to shutter Virginia mining equipment plant, lay off 240 workers
The decrease in demand for mining equipment is still hurting Caterpillar as the company has announced plans to close another mining equipment plant and lay off an additional 240 workers. The Pulaski, Virginia plant manufactures coal haulers and other equipment and is slated for shutdown by mid-2014, according to a report from Reuters. The announcement is […]
November 18, 2013
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