Industry News

Caterpillar Reports Sales & Profit for Q4 and Full-Year 2011

Driven by outstanding execution and stronger global demand, Caterpillar Inc. (NYSE: CAT) delivered record-breaking 2011 sales and revenues of $60.138 billion, an increase of 41 percent from $42.588 billion in 2010. Profit in 2011 was $4.928 billion, an increase of 83 percent from $2.700 billion in 2010. Profit per share of $7.40 was up 78 percent from $4.15 in 2010. Excluding the impact of the acquisition of Bucyrus International, Inc. (Bucyrus), 2011 profit was $7.79 per share, up 88 percent from a year ago.
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CNH to Build Plant in China

CNH Global, which manufactures farm tractors in Racine, said Tuesday it will spend $90 million to build a manufacturing plant in Harbin in northeast China.
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Changes in Husqvarna's Group Management

Effective January 1, 2012, Henric Andersson has been appointed Executive Vice President, Head of Product Management and Development, replacing Anders Stroby, who has been acting in this role since November 1, 2011.
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