Caterpillar Closes, Consolidates Coal and Mining-Related Facilities as Prices Pummel Bottom Line
SUGAR LAND--August 22, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading manufacturing company Caterpillar Incorporated (NYSE:CAT) (Peoria, Illinois) has suffered a series of economic setbacks from the long-term slump in commodity prices, with the coal market proving especially brutal to its mining-related assets. End-user demand for mining products declined across all of the company's geographic regions in the previous quarter, and marginal improvements in commodity prices were of little help. Industrial Info is tracking more than $102 million in active projects involving Caterpillar.
Within this article: Details on Caterpillar assets most directly affected by the ashen coal and mining markets.
