Caterpillar Opens Largest Exhibit Ever Presented at MINExpo International in Las Vegas, Nevada
Company leverages mining industry's premier event to tell Caterpillar's Global Mining story and to reveal a number of innovative mining systems and machines
LAS VEGAS, Sept. 24, 2012 /PRNewswire/ -- With the theme of "Wherever There's Mining, We're There," Caterpillar Inc. (CAT: NYSE) today opened the largest single exhibit ever presented at MINExpo International® in Las Vegas, Nevada. With more than 52,000 square feet of exhibit space inside the Las Vegas Convention Center, Caterpillar is showcasing the broadest line of both surface and underground mining and materials handling equipment available in the global mining industry today, including a number of innovative mining systems and machines being introduced at MINExpo, the world's largest and most comprehensive show dedicated to mining.
"There is no bigger stage to give us this remarkable opportunity to tell the Caterpillar mining story. We recognize that mining is at the core of an unprecedented drive for urbanization and modernization," said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman. "We still believe the long-term outlook is positive for this industry and we're uniquely positioned to capitalize on that growth. That's why the company has made major investments in mining across the Caterpillar organization, including the acquisitions of Bucyrus and Siwei. By combining organic growth with the growth that we expect to receive from these acquisitions, Caterpillar will better serve mining customers which benefits our dealers, employees and stockholders."
In the last year, Caterpillar has added more than 100 products to its mining portfolio, many of which are being showcased at its MINExpo exhibit. The Caterpillar exhibit is divided into two areas—surface and underground—featuring more than two dozen products and technologies, including off-highway mining trucks, hydraulic shovels, the next generation D11T track-type tractor and a variety of underground mining machines such as continuous miners, a longwall shearer and plow, as well as other support equipment. Among the new products being launched at MINExpo is the 6120B H FS hydraulic shovel. The 6120B is the first diesel-electric hybrid ultra-class shovel available in the industry.
"Like our customers, Caterpillar is committed to building a better world. That's why when customers asked us to provide more products for the mining industry, the company responded in a big way, which is something we look forward to showing at MINExpo this week," said Steve Wunning, Caterpillar group president with responsibility for Resource Industries. "Beyond just the iron, we understand the issues our customers face, such as safety, environmental stewardship, emissions standards and skills shortages and training, and we work together to address them. This will continue to be our focus."
Unique among all machines within the Caterpillar exhibit and throughout the hundreds of MINExpo displays, the Electro-Motive Diesel (EMD) SD70ACe locomotive—painted in Caterpillar yellow—will give the mining world an opportunity to explore the railroad technology that transports minerals to market. At 420,000 pounds (190,509 kg), the massive locomotive earns its place alongside some of the largest mobile equipment in the world. SD70ACe locomotives run in mining operations across the globe, including the United States, Canada, South America, the Middle East, Africa and Australia.
The execution of the exhibit at the Las Vegas Convention Center is a massive logistical endeavor for the Caterpillar and dealer organizations. Interesting facts about the Caterpillar exhibit include:
- The first Caterpillar assembly teams arrived in Las Vegas in late July and will remain there until late October to complete disassembly after the show.
- More than 60 semi-truck loads of equipment and parts were accepted at the staging areas prior to the show.
- There are 28 pieces of iron weighing 2,600 tons on Caterpillar's exhibit floor.
- The EMD locomotive on display traveled thousands of miles to get to Las Vegas; it was moved from a rail spur to the Convention Center in the middle of the night between 11 p.m. and 5 a.m. and traveled down Las Vegas Boulevard at five miles per hour.
- The Siwei roof support display traveled nearly 6,500 miles from China to get to Las Vegas.
MINExpo 2012 runs Monday, September 24, through Wednesday, September 26. Nearly 100 different Cat dealerships are represented at the show. Hundreds of dealer personnel and Caterpillar Global Mining staff will host almost 6,000 customers and business partners during MINExpo, which is held only once every four years.
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.
Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global economic conditions and economic conditions in the industries and markets we serve; (ii) government monetary or fiscal policies and infrastructure spending ; (iii) commodity or component price increases and/or limited availability of raw materials and component products, including steel; (iv) our and our customers', dealers' and suppliers' ability to access and manage liquidity; (v) political and economic risks and instability, including national or international conflicts and civil unrest; (vi) our and Cat Financial's ability to: maintain credit ratings, avoid material increases in borrowing costs, and access capital markets; (vii) the financial condition and credit worthiness of Cat Financial's customers; (viii) inability to realize expected benefits from acquisitions and divestitures, including the acquisition of Bucyrus International, Inc.; (ix) international trade and investment policies; (x) challenges related to Tier 4 emissions compliance; (xi) market acceptance of our products and services; (xii) changes in the competitive environment, including market share, pricing and geographic and product mix of sales; (xiii) successful implementation of capacity expansion projects, cost reduction initiatives and efficiency or productivity initiatives, including the Caterpillar Production System; (xiv) sourcing practices of our dealers or original equipment manufacturers; (xv) compliance with environmental laws and regulations; (xvi) alleged or actual violations of trade or anti-corruption laws and regulations; (xvii) additional tax expense or exposure; (xviii) currency fluctuations; (xix) our or Cat Financial's compliance with financial covenants; (xx) increased pension plan funding obligations; (xxi) union disputes or other employee relations issues; (xxii) significant legal proceedings, claims, lawsuits or investigations; (xxiii) compliance requirements imposed if carbon emissions legislation and/or regulations are adopted; (xxiv) changes in accounting standards; (xxv) failure or breach of IT security; (xxvi) adverse effects of natural disasters; and (xxvii) other factors described in more detail under "Item 1A. Risk Factors" in our Form 10-K filed with the SEC on February 21, 2012 for the year ended December 31, 2011. This filing is available on our website at www.caterpillar.com/secfilings.
SOURCE Caterpillar Inc.
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