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Caterpillar Sets Up Remanufacturing UnitPosted by Randy on: 2005-10-14 09:59:23 in category:
Investments [ Print | Permalink / 0 Comment(s) ] Caterpillar Sets Up Remanufacturing Unit Friday October 14, 10:54 am ET Caterpillar Inc. Says It Is Creating a New Remanufacturing Division PEORIA, Ill. (AP) -- Caterpillar Inc., the maker of tractors and other agricultural equipment, said Friday it is creating a new remanufacturing division, which it described as one of its biggest areas for future growth. The new business will be headed by Steven Fisher, who is currently president of Caterpillar's remanufacturing services business. Caterpillar, which started remanufacturing engines in the 1970s, offers remanufacturing for a range of products and parts serving both the company and outside customers. It recycles more than 100 million pounds of remanufactured products each year. The company also announced Friday it formed a new dividion to focus on increasing manufacturing speed and maintaining low costs. Caterpillar shares rose 70 cents, or 1.3 percent, to $54.70 on the New York Stock Exchange, where it was the biggest blue-chip gainer in morning trading. Business open community website http://www.business-business.biz Submit articles http://www.business-business.biz/submitstory.php Retirement forum http://www.business-business.biz/forums.php Retirement open community website http://www.retirement-retirement.com Submit articles http://www.retirement-retirement.com/submitstory.php Retirement forum http://www.retirement-retirement.com/forums.php Investment open community website http://www.investment-investment.us Submit articles http://www.investment-investment.us/submitstory.php Investment forum http://www.investment-investment.us/forums.php |
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