When a petrochemical company in China needed to lift an 812-ton piece of equipment into place at a new plant a while ago, it called on Wisconsin-based Manitowoc for a crane that soared more than 17 stories high.
The mechanical behemoth put the industrial-oil apparatus, itself 112 feet high, in place in less than 30 minutes.
The […]

Heavy equipment maker Caterpillar Inc. said Friday that demand for its global mining and energy products pushed first-quarter earnings up 13 percent, far surpassing Wall Street estimates. Its stock surged.
The results showed continued weakening in North America, where the economy has weighed on sales, but better-than-expected strength internationally as Caterpillar sales overseas benefited from the […]

Izhdrill-Nordex-HunHua, a Russian-Chinese joint venture to produce drilling equipment, signed a partnership agreement on Tuesday with Caterpillar.
The agreement envisions cooperation in producing drilling equipment for the oil and gas sector in Russia and the CIS. The drilling equipment will be assembled from components from China, the United […]

Gold Reserve Inc. Gold Reserve Inc. is pleased to announce that it has finalized negotiations with Caterpillar Inc. and its local Venezuelan dealer, Venequip S.A., to provide Caterpillar haulage equipment, front end loaders and construction machinery for the construction and operation of Gold Reserve’s Brisas gold and copper mine in Venezuela.
Jim Geyer, Senior Vice President […]

Rising demand for giant off-the-road tires suggests there’s more upside for the makers of jumbo-sized earth-moving equipment such as Caterpillar (CAT - Cramer’s Take - Stockpickr - Rating) and Terex (TEX - Cramer’s Take - Stockpickr - Rating).
The two stocks have rallied more than 50% and threefold, respectively, over the past two years on the […]

Caterpillar Inc. reported better-than-expected quarterly earnings on Friday and raised its outlook, saying “exceptional growth” overseas offset weakness in the U.S. residential housing and truck engine markets.
Shares of the manufacturer of heavy construction and mining equipment surged 4.6 percent and gave the overall market a boost.

Finning International Inc. announced today that its Canadian division has secured a major mining equipment sale of 19 new Caterpillar 797B mining trucks valued at over C$100 million to Albian Sands Energy Inc. for operation in the Alberta oil sands.
Of the 19 - 400 ton trucks, 16 will be placed into service at the […]

Finning International said on Tuesday it has won a contract worth more than C$100 million ($90.1 million) to provide a fleet of large mining trucks to be used in the Albian Sands oil sands project in northern Alberta.
The order for the 19 new Caterpillar 797B 400-ton mining trucks began in the first quarter of 2007, […]

Royal Dutch Shell’s U.S. arm said Monday it has joined a corporate/environmental coalition urging Congress to require limits on greenhouse gases tied to global warming, the third oil major to do so.
The Anglo-Dutch company said it has joined the U.S. Climate Action Partnership, an alliance of big business and environmental groups that in January sent […]

Caterpillar Inc. shares rose 6% early Friday following the company’s better-than-expected first-quarter profit report, as worldwide demand for construction machinery helped overcome weaker markets in North America for housing and heavy-duty engines.
Along with raising its earnings forecast for 2007, the Peoria, Ill., manufacturer of bulldozers, scrapers and construction equipment (CAT) predicted the Federal Reserve would […]