Caterpillar 2011 Annual Report Download - page 21

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Resource Industries 21
WHAT THE WORLD NEEDS | 2011 YEAR IN REVIEW
Chairman’s
Message
Construction
Industries
Customer &
Dealer Support
Financial Products &
Corporate Services
The Caterpillar
Foundation Leadership Performance
Resource
Industries
Energy &
Power Systems
Nowhere within Caterpillar is its broad range of products and
solutions more apparent than in the Diversified Products group.
This group manages a portfolio of strategic businesses and
serves the market and product needs of customers in a variety
of distinct industries.
The division has six businesses: Paving Products, Forest Products,
Work Tools, Tunneling, OEM Solutions and Defense & Federal
Products. In late 2011, Caterpillar signed an alliance agreement
with Exodus Machines Inc., a purpose-built manufacturer of
scrap/industrial material handlers. This alliance led to the
creation of a new diversified products business called Caterpillar
Industrial & Waste.
Highlights from 2011 include:
• Paving Products is dedicated to supporting the asphalt and
paving industry all over the world. This industry is a critically
important part of building and maintaining the world’s infra-
structure. The paving group opened a new customer support
and learning center at its headquarters in Minneapolis, Minn.
• Forest Products also serves a dedicated group of customers.
It’s focused not only on designing and manufacturing purpose-
built forestry machines, but also on enabling Caterpillar to
offer a full line of traditional machines configured for forestry
applications. In 2011 the division introduced a new product
line of Tier 4i Wheeled Feller Bunchers. These machines were
developed with an innovative rear-mounted transverse engine
design that delivers the best stability in the woods, with
improved fuel consumption.
• Caterpillar Work Tools are designed to improve the productivity
of Cat machines. Growth in the work tool business led to
plant expansions at facilities in Waco, Texas, and Wamego,
Kan. The Waco facility is home to a new line of Caterpillar
engineered and designed hydraulic hammers for use in the
demolition industry.
• OEM Solutions and Defense & Federal Products are businesses
that leverage Cat machine and power system products,
designs and technologies to achieve incremental growth by
serving other unique and discrete customers and industries.
As an example, OEM Solutions sells components and partially
built machines to other OEMs in foundation drill, material
handling, mining, industrial and demolition markets. The mobile
hydraulic power unit, configured from the hydraulic excavator
platform, now has an active population of over 2,000 units in
the field today.
“We’ve been given a great opportunity to bring people together
to serve a wide array of diverse customers and businesses,”
said Bill Springer, vice president with responsibility for Diversified
Products. “We manage our businesses independently and allow
our leaders to lead and our experts who know their businesses
to thrive and grow. We place a priority on learning, and we
leverage our diversity to teach one another how to solve
problems and to accelerate our mutual business success.”
Diversified
Products
Unique, purpose-built products and
services that offer the enterprise access
to important markets and customers