Caterpillar Showcases "The Biggest Toolbox in the Industry" at the World's Largest Construction Show

Apr 02, 2001, 01:00 ET from Caterpillar

    MUNICH, Germany, April 2 /PRNewswire/ -- Caterpillar shared center stage
 with its German dealer, Zeppelin Baumaschinen, as the largest exhibitor at
 BAUMA, the world's biggest construction and earthmoving equipment show.
 Chairman Glen Barton said Caterpillar was presenting the "biggest toolbox in
 the industry," showcasing its global leadership in customer value.
     Barton said the company, which achieved $20 billion in sales in 2000,
 would grow to $30 billion by the middle of the decade.  "Our commitment goes
 beyond the iron - to effectively meeting the needs of customers in diversified
 market segments - and to providing total solutions to meet their specific
 application requirements."
     First, the iron - Caterpillar is displaying more than 100 products,
 including 20 new and improved models, all of which offer customers the full
 benefit of value-added, leading edge design and technology.  Among these
 machines, two are being launched worldwide - the new 700-family of articulated
 trucks and the emissions-compliant C9 model industrial engine.  Making their
 first European appearance are the 130-ton 5110B hydraulic excavator, the 988G
 wheel loader and the 432D and 442D models of the new D-series backhoe loader.
     Second, the services provided by Caterpillar and its dealers.  Services
 such as financing, insurance, rental, product service and support, and
 web-based information that help customers at every step of the acquisition
 and operating process.  By offering this comprehensive portfolio of products
 and services, Cat and its dealers give customers access to the tools they
 need.
     During his remarks, Barton provided details of the company's engine
 growth.  Specifically, he said, "sales in electric power generation have grown
 at a compound annual rate of 20 percent - and we expect that level of growth
 to continue for the foreseeable future.  Through its various engines,
 Caterpillar installed more than 20 gigawatts of generation capacity last year
 alone - roughly equal to the power required for five million European homes."
     In addition, the existing Cat Power Rental Fleet of more than 8,000
 generators, located on six continents, is helping cities, utilities, and
 businesses throughout the world deal with short-term and reliable energy
 needs.
     Barton said Caterpillar will become the undisputed worldwide leader in
 rental services.  At the 1998 BAUMA, rental was just a vision for the company.
 Today, Caterpillar is the pan-European industry leader.  Its dealers have
 become preeminent on the strength of more than 600 dealer-owned Cat Rental
 Stores in North America, Europe and Latin America, as well as over 1,800
 dealer branch stores worldwide.
     Caterpillar will also be the industry leader in e-business, according to
 Barton.  "We are undertaking more than 65 e-business initiatives that will
 improve customer relations, integrate the supply chain, improve the reach of
 our distribution system and achieve other business process improvements," said
 Barton.  "Caterpillar's world-class global distribution system is further
 strengthened by use of the Internet and it adds value in the eyes of
 customers."
     The company is also positioned to lead the effort in global emissions
 technology.  Early last month, it announced a significant breakthrough in
 on-highway truck engine technology that will reduce emissions while
 maintaining engine performance and reliability.  Called ACERT (Advanced
 Combustion Emissions Reduction Technology), this technology will be used on
 all Cat engines, for both on- and off-highway applications, allowing them to
 meet emissions requirements through at least 2006 and to reduce engine noise
 by up to 50 percent.
     Further, Barton announced that Caterpillar has joined the World Business
 Council for Sustainable Development, a coalition of 150 international
 companies united by a common commitment to sustainable development through
 environmental protection, social equity and economic growth.  "Our pledge is
 to support the Council's efforts and to make it our business to find
 sustainable solutions for the benefit of all citizens of the world," said
 Barton.
     Caterpillar is the world's largest manufacturer of construction and mining
 equipment, diesel and natural gas engines and industrial gas turbines.
 Headquartered in Peoria, Illinois, the company posted 2000 sales and revenues
 of $20.18 billion.
 
 

SOURCE Caterpillar
    MUNICH, Germany, April 2 /PRNewswire/ -- Caterpillar shared center stage
 with its German dealer, Zeppelin Baumaschinen, as the largest exhibitor at
 BAUMA, the world's biggest construction and earthmoving equipment show.
 Chairman Glen Barton said Caterpillar was presenting the "biggest toolbox in
 the industry," showcasing its global leadership in customer value.
     Barton said the company, which achieved $20 billion in sales in 2000,
 would grow to $30 billion by the middle of the decade.  "Our commitment goes
 beyond the iron - to effectively meeting the needs of customers in diversified
 market segments - and to providing total solutions to meet their specific
 application requirements."
     First, the iron - Caterpillar is displaying more than 100 products,
 including 20 new and improved models, all of which offer customers the full
 benefit of value-added, leading edge design and technology.  Among these
 machines, two are being launched worldwide - the new 700-family of articulated
 trucks and the emissions-compliant C9 model industrial engine.  Making their
 first European appearance are the 130-ton 5110B hydraulic excavator, the 988G
 wheel loader and the 432D and 442D models of the new D-series backhoe loader.
     Second, the services provided by Caterpillar and its dealers.  Services
 such as financing, insurance, rental, product service and support, and
 web-based information that help customers at every step of the acquisition
 and operating process.  By offering this comprehensive portfolio of products
 and services, Cat and its dealers give customers access to the tools they
 need.
     During his remarks, Barton provided details of the company's engine
 growth.  Specifically, he said, "sales in electric power generation have grown
 at a compound annual rate of 20 percent - and we expect that level of growth
 to continue for the foreseeable future.  Through its various engines,
 Caterpillar installed more than 20 gigawatts of generation capacity last year
 alone - roughly equal to the power required for five million European homes."
     In addition, the existing Cat Power Rental Fleet of more than 8,000
 generators, located on six continents, is helping cities, utilities, and
 businesses throughout the world deal with short-term and reliable energy
 needs.
     Barton said Caterpillar will become the undisputed worldwide leader in
 rental services.  At the 1998 BAUMA, rental was just a vision for the company.
 Today, Caterpillar is the pan-European industry leader.  Its dealers have
 become preeminent on the strength of more than 600 dealer-owned Cat Rental
 Stores in North America, Europe and Latin America, as well as over 1,800
 dealer branch stores worldwide.
     Caterpillar will also be the industry leader in e-business, according to
 Barton.  "We are undertaking more than 65 e-business initiatives that will
 improve customer relations, integrate the supply chain, improve the reach of
 our distribution system and achieve other business process improvements," said
 Barton.  "Caterpillar's world-class global distribution system is further
 strengthened by use of the Internet and it adds value in the eyes of
 customers."
     The company is also positioned to lead the effort in global emissions
 technology.  Early last month, it announced a significant breakthrough in
 on-highway truck engine technology that will reduce emissions while
 maintaining engine performance and reliability.  Called ACERT (Advanced
 Combustion Emissions Reduction Technology), this technology will be used on
 all Cat engines, for both on- and off-highway applications, allowing them to
 meet emissions requirements through at least 2006 and to reduce engine noise
 by up to 50 percent.
     Further, Barton announced that Caterpillar has joined the World Business
 Council for Sustainable Development, a coalition of 150 international
 companies united by a common commitment to sustainable development through
 environmental protection, social equity and economic growth.  "Our pledge is
 to support the Council's efforts and to make it our business to find
 sustainable solutions for the benefit of all citizens of the world," said
 Barton.
     Caterpillar is the world's largest manufacturer of construction and mining
 equipment, diesel and natural gas engines and industrial gas turbines.
 Headquartered in Peoria, Illinois, the company posted 2000 sales and revenues
 of $20.18 billion.
 
 SOURCE  Caterpillar