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News - Heavy Equipment
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Caterpillar Inc. sells part of Bucyrus business to Sime Darby

U.S. heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced they would sell part of their Bucyrus distribution business to Malaysian conglomerate Sime Darby earlier this week.  Caterpillar acquired Bucyrus, an Ame...
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News - Heavy Equipment
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Komatsu CEO announces desire for new acquisition targets in Europe, U.S.

The world’s second largest construction equipment manufacturer, Komatsu Ltd., plans to find new acquisition targets in the United States and Europe and would like to strike a deal within three years said President and CEO, Ku...
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News - Heavy Equipment
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Heavy equipment maker Caterpillar Inc. opens new manufacturing facility

Illinois based Caterpillar Inc. (NYSE: CAT), the world’s leading mining and construction equipment maker,  has opened the doors to its brand new 850,000 square foot manufacturing operation in Winston-Salem, North Carolina. C...
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News - Heavy Equipment
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Report: Caterpillar to purchase Chinese mining equipment maker ERA

Leading heavy equipment maker Caterpillar Inc. (CAT) continues to flex its muscle with a reported agreement that will see the company purchase China’s ERA Mining Machinery Limited. Sources have confirmed CAT will buy ERA, whi...
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News - Industry
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Canadian government invests in heavy equipment simulator program for the Yukon’s mining industry

The Yukon’s mining industry will receive a boost from an influx of skilled workers due to the addition of six mining simulator modules. Tuesday’s announcement was made by Yukon Member of Parliament Ryan Leef on behalf of th...
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News - Heavy Equipment
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Heavy equipment dealer Finning posts third-quarter earnings of $35 million

Vancouver-based Finning International Inc. (TSX: FTT) reported third quarter profits of $35 million on Tuesday.  The same quarter last year saw the heavy equipment dealer earn $63 million.  According to reports by the Canadia...
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