Currently viewing Global edition

Caterpillar maintains investment in future

Caterpillar’s under-threat mining technology R&D arm is determined to maintain robust spending levels into 2016 despite severe organisational cuts elsewhere in the machinery giant. An executive in Peoria, Illinois, has told Mining Journal: “It’s certainly our desire to maintain our level of spending in this area.”

Caterpillar maintains investment in future Caterpillar maintains investment in future Caterpillar maintains investment in future Caterpillar maintains investment in future Caterpillar maintains investment in future

Part of FMG’s Solomon truck fleet in Western Australia

US-based Caterpillar recently lowered its FY15 sales outlook by $1 billion, to $48 billion, and announced further restructuring to lop $1.5 billion off annual costs.