Caterpillar to Explore Strategic Alternatives for Certain Mining Products

Caterpillar announced Aug. 22 that it is making changes to its product line-up, including that it will discontinue production of track drills and is reviewing its room and pillar product lines, which serve a segment of underground soft rock mining customers. Caterpillar and Stowers Machinery Corporation remain committed to existing customers and will support those room and pillar and track drill fleets currently in operation. “These moves, which align with Caterpillar’s ongoing restructuring, will allow us to focus resources on those areas of the business that provide the highest, sustainable growth and best long-term returns,” said Denise Johnson, group president with [read more…]

Stowers purchases expanded Cat Mining distribution business

On Sept. 2, 2014, Stowers Machinery Corporation acquired the expanded Cat Mining equipment distribution and support business in East Tennessee from Caterpillar Global Mining LLC. “We are excited to expand our offerings to mining customers throughout the region, and to give them the superior product and quality support that is our standard,” said Wes Stowers, CEO of Stowers Machinery Corporation. “We have been working diligently to meet customers’ needs for this expanded product line, including investing in training and additional service tooling,” Stowers Machinery assumed responsibility for the sales, marketing and product support of the expanded Cat mining products, which includes belt systems for surface mines and quarries, as [read more…]