Caterpillar Inc.

Europe Power Tools Market Size to increase by USD 2.57 billion during 2023-2028- Technavio

Retrieved on: 
Wednesday, November 1, 2023

NEW YORK, Nov. 1, 2023 /PRNewswire/ -- The power tools market in Europe size is expected to grow by USD 2.57 billion between 2023 and 2028.

Key Points: 
  • NEW YORK, Nov. 1, 2023 /PRNewswire/ -- The power tools market in Europe size is expected to grow by USD 2.57 billion between 2023 and 2028.
  • The increasing demand for power tools from industries drives the power tools market in Europe.
  • The aging population and increasing popularity of sharing power tools challenge the power tools market.
  • Get a glance at the market contribution of the segments, Request a Sample
    The portable power tools market size is estimated to grow at a CAGR of 5.02% between 2022 and 2027 and the size of the market is forecast to increase by USD 7,608.62 million.

Caterpillar Inc. to Announce Third-Quarter 2023 Financial Results on Oct. 31

Retrieved on: 
Tuesday, October 17, 2023

IRVING, Texas, Oct. 17, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release third-quarter 2023 financial results at 5:30 a.m. CDT on Tuesday, Oct. 31.

Key Points: 
  • IRVING, Texas, Oct. 17, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release third-quarter 2023 financial results at 5:30 a.m. CDT on Tuesday, Oct. 31.
  • The release will be available at investors.caterpillar.com/financials/quarterly-results , and the full text of the news release will also be available on PR Newswire at approximately 5:30 a.m. CDT.
  • The release will be furnished to the U.S. Securities and Exchange Commission (SEC) via a Current Report on Form 8-K in compliance with applicable SEC rules.
  • A real-time, listen-only teleconference and webcast of the quarterly results call that Caterpillar conducts with securities analysts and institutional investors will begin at 7:30 a.m. CDT on Tuesday, Oct. 31.

Caterpillar Appoints Chief Operating Officer

Retrieved on: 
Monday, October 16, 2023

IRVING, Texas, Oct. 16, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced today that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023.

Key Points: 
  • IRVING, Texas, Oct. 16, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced today that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023.
  • Creed's replacement as group president of Energy & Transportation will be named at a later date and will also report to the chief operating officer.
  • Andrew Bonfield, chief financial officer, Suzette Long, chief legal officer and, upon her retirement, her successor, Derek Owens and Cheryl Johnson, chief human resources officer will continue reporting to Umpleby.
  • Creed also served as interim chief financial officer for Caterpillar in 2018.

NMG Advances Electrification Efforts: Confirmed Hydropower Supply and Progress on Collaboration With Caterpillar

Retrieved on: 
Friday, October 6, 2023

Leveraging Québec’s power grid, one of the greenest in the world, as the bedrock of its electrification strategy, NMG has confirmed electrical capacity and competitive rates, and defined zero-exhaust emission equipment deployment with Caterpillar Inc. (“Caterpillar”) ( NYSE: CAT ).

Key Points: 
  • Leveraging Québec’s power grid, one of the greenest in the world, as the bedrock of its electrification strategy, NMG has confirmed electrical capacity and competitive rates, and defined zero-exhaust emission equipment deployment with Caterpillar Inc. (“Caterpillar”) ( NYSE: CAT ).
  • (Graphic: Business Wire)
    Arne H Frandsen, Chair of NMG, declared: “Clean energy is central to our operational, commercial, and ESG strategy.
  • I am extremely pleased to see the progress made by our team and in collaboration with partners to translate our objectives into plans, technological design, and schedules.
  • Moreover, NMG and Caterpillar signed a non-binding memorandum of understanding to advance commercial discussions targeting NMG’s active anode material.

Caterpillar Raises Record $14.8 Million in United Way Campaign

Retrieved on: 
Monday, October 9, 2023

IRVING, Texas, Oct. 9, 2023 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) employees and retirees, together with the Caterpillar Foundation, the philanthropic organization of Caterpillar, have pledged more than $14.8 million to the United Way chapters across the United States, Mexico, Canada and Panama as part of its 2023-2024 campaign. The campaign achieved a record-breaking amount—and a $1 million increase—for the second year.

Key Points: 
  • Employees generously donated to the United Way campaign and recorded over 5,000 volunteer hours through the Caterpillar Foundation Volunteer Service Match Program during August and September, which will generate additional matching funds for charities in Caterpillar communities.
  • United Way Worldwide is grateful for the continued and tremendous support, and these donations will enable local United Ways to carry out essential initiatives and reach more individuals in need," said United Way Worldwide President and CEO Angela Williams.
  • Caterpillar is part of the United Way's Global Corporate Leadership Program, which includes 86 corporate partners that raise more than $800 million annually.
  • There are more than 1,100 United Way chapters globally, and Caterpillar's annual campaign supports 542 of these chapters where the company's employees live and work.

ALBEMARLE AND CATERPILLAR COLLABORATE TO PIONEER SUSTAINABLE MINING TECHNOLOGIES AND OPERATIONS

Retrieved on: 
Wednesday, September 27, 2023

CHARLOTTE, N.C., Sept. 27, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, signed agreements today with Caterpillar Inc. (NYSE: CAT) to collaborate on solutions to support the full circular battery value chain and sustainable mining operations.

Key Points: 
  • Caterpillar and Albemarle signed an agreement making Albemarle's North American-produced lithium available for use in Caterpillar battery production.
  • The two companies will also explore opportunities to collaborate on research and development of battery cell technology and recycling techniques.
  • Our partners are critical to achieving that impact, and this collaboration with Caterpillar exhibits how we 'walk the talk' to pioneer what's next.
  • "Beyond supplying infrastructure and materials, battery-powered Caterpillar machinery and potential improvements to cell technology will open up new possibilities for the future of sustainable mining," said Norris.

Flowserve Appoints Cheryl H. Johnson to Board of Directors

Retrieved on: 
Wednesday, September 20, 2023

Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its board of directors has elected Cheryl H. Johnson as a member of its board of directors, effective December 8, 2023.

Key Points: 
  • Flowserve Corporation (NYSE:FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today that its board of directors has elected Cheryl H. Johnson as a member of its board of directors, effective December 8, 2023.
  • Ms. Johnson’s appointment follows the retirement of John Friedery, who will retire from the board effective December 8, 2023.
  • “We are pleased to welcome Cheryl to the board of directors,” said David Roberts, chairman of the Flowserve board of directors.
  • “I am excited to join the Flowserve board of directors and work with the team to build a strong and sustainable future for Flowserve,” said Ms. Johnson.

Mobile Power Plant Market size to increase by USD 406.85 million between 2022 to 2027| The increasing demand for emergency power during natural disasters drives market growth - Technavio

Retrieved on: 
Monday, September 18, 2023

The increasing demand for emergency power during natural disasters is driving growth in the mobile power plant market.

Key Points: 
  • The increasing demand for emergency power during natural disasters is driving growth in the mobile power plant market.
  • Download the free sample report today for detailed insight on the market segmentation
    Mobile Power Plant Market 2023-2027: Company Analysis
    The mobile power plant market is fragmented due to the presence of many global and regional players.
  • The global off-grid mobile power plant market is expected to grow rapidly during the forecast period due to the Increasing demand for emergency power during natural disasters.
  • Mobile Power Plant Market 2023-2027: Segmentation Analysis
    The natural gas segment is expected to experience substantial expansion during the forecast period.

Wabtec Comment on Progress Rail Complaint

Retrieved on: 
Monday, September 11, 2023

Wabtec Corporation today released the following statement about the purported antitrust complaint filed last week by Progress Rail, a Caterpillar Inc. company:

Key Points: 
  • Wabtec Corporation today released the following statement about the purported antitrust complaint filed last week by Progress Rail, a Caterpillar Inc. company:
    “We believe that Progress Rail’s recent complaint against Wabtec at its core is an unsupported attack on the merger of Wabtec and GE Transportation, which was completed over four years ago.
  • The merger has provided benefits to the entire industry, as well as Progress Rail itself.
  • Progress Rail actively participated in the U.S. Government’s review of that transaction and benefitted by entering into agreements with Wabtec that transferred Wabtec technology to it as part of the United States Department of Justice and global merger clearance process.
  • We also firmly believe that Progress Rail’s assertions that Wabtec breached agreements or engaged in other illegal conduct are wrong.

FREYR Battery Welcomes SAP to Energy Transition Acceleration Coalition

Retrieved on: 
Tuesday, September 5, 2023

FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that SAP SE (FSE: SAP; “SAP”), one of the world’s leading producers of software for the management of businesses processes, has joined FREYR’s Energy Transition Acceleration Coalition (“ETAC”).

Key Points: 
  • FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced that SAP SE (FSE: SAP; “SAP”), one of the world’s leading producers of software for the management of businesses processes, has joined FREYR’s Energy Transition Acceleration Coalition (“ETAC”).
  • “We are delighted to welcome SAP, one of the world’s premier software companies, into the ETAC on behalf of our other partners.
  • “We are honoured to be part of the ETAC and to support FREYR in developing decarbonized solutions through clean batteries.
  • The collective challenge faced by all stakeholders within the battery value chain is the scaling of the battery business.