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…]