MUNICH, April 15, 2013 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) and its German dealer, Zeppelin Baumaschinen GmbH, are exhibiting the latest Cat® machines, work tools and engines to thousands of visitors beginning today at the world's largest construction industry trade show, bauma 2013. They'll also highlight key productivity enhancements on machines, equipment management and job site management through technology solutions like Product Link™, Vision Link™, Cat Grade Control and Accugrade™.
Caterpillar's theme of the show – "Committed to Your Success. All Day. Every Day." – means helping customers make more money with Cat products than with any others – and it begins with fuel economy.
"One of the stars of this show is a machine that epitomizes our commitment to bring value to our customers by lowering their owning and operating costs," said Caterpillar Chairman and CEO Doug Oberhelman. "We're launching our first-ever product to use our new hydraulic hybrid technology - the Cat 336E H. This excavator uses as much as 25 percent less fuel than the standard 336E, without sacrificing performance, and is a core example of Caterpillar's innovation. Since fuel is one of our customers' largest expenses, this hybrid technology can directly improve their bottom lines."
Other products on display that focus on technology to deliver leading productivity, fuel economy and sustainability include:
- The 988K wheel loader, also being launched at the show, is equipped with an engine type approved for the stringent European Union (EU) Stage IV, and that also uses United States (U.S.) EPA Tier 4 Final emission standards. The 988K also offers up to 20 percent greater fuel efficiency compared to the previous model.
- The Cat 966K XE wheel loader, equipped with an advanced powertrain system, delivers up to a 25 percent fuel efficiency improvement over the previous model with optimum performance.
- The Cat D7E Electric Drive track-type tractor, which was introduced in 2009, was the first track-type tractor with a diesel-electric power train to be sold commercially. The company marked a significant milestone in 2012 by selling its 500th D7E.
- A full range of Stage IV, Tier 4 Final industrial engines and technologies that meet high expectations for reliability, performance, fuel and fluid efficiency and component life, with significantly reduced emissions. Cat industrial engines are utilized by a wide range of Original Equipment Manufacturers in the construction, mining and general industrial sectors.
bauma gives Caterpillar one of the largest stages in the world to showcase its commitment to customers in a region of the world that is important to the company's success.
"The current economic uncertainty in Europe doesn't change our long-term focus here," said Oberhelman. "We have a history in Europe that exceeds 80 years, and we continued our strategic growth in 2011 by purchasing MWM, a leading global supplier of sustainable, natural gas and alternative-fuel engines. Our footprint in this part of the world and our relationships with dealers like Zeppelin, which provides our customers unparalleled customer support and service, will help our customers weather the storm."
Representatives from Cat Financial and Cat Insurance will also be at bauma, allowing customers who make purchases during the show to benefit from the full range of our service offerings. Plus, customers can also learn more about products offered through Zeppelin Rental, as well as Cat Certified Used and Cat Remanufacturing. bauma 2013 runs Monday, April 15, through Sunday, April 21. More than 450,000 visitors from 200 countries are expected to attend.
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2012 sales and revenues of $65.875 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 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, fluctuations in demand for our products, 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) changes in interest rates or market liquidity; (ix) changes in financial services regulation; (x) inability to realize expected benefits from acquisitions, including ERA Mining Machinery Limited, and divestitures, including the divestiture of the Bucyrus International, Inc. distribution business to our independent dealers; (xi) international trade and investment policies; (xii) market acceptance of our products and services; (xiii) changes in the competitive environment, including market share, pricing and geographic and product mix of sales; (xiv) successful implementation of capacity expansion projects, cost reduction initiatives and efficiency or productivity initiatives, including the Caterpillar Production System; (xv) inventory management decisions and sourcing practices of our dealers or original equipment manufacturers; (xvi) compliance with environmental laws and regulations; (xvii) alleged or actual violations of trade or anti-corruption laws and regulations; (xviii) additional tax expense or exposure; (xix) currency fluctuations; (xx) our or Cat Financial's compliance with financial covenants; (xxi) increased pension plan funding obligations; (xxii) union disputes or other labor matters; (xxiii) significant legal proceedings, claims, lawsuits or investigations; (xxiv) compliance requirements imposed if carbon emissions legislation and/or regulations are adopted; (xxv) changes in accounting standards; (xxvi) failure or breach of information technology security; (xxvii) adverse effects of natural disasters; and (xxviii) other factors described in more detail under "Item 1A. Risk Factors" in our Form 10-K filed with the SEC on February 19, 2013 for the year ended December 31, 2012. This filing is available on our website at www.caterpillar.com/secfilings.
SOURCE Caterpillar Inc.