Caterpillar 2011 Annual Report Download - page 22

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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
Resource Industries 22
2011
Highlights
Resource Industries
Business Expansion Announcements
• The acquisition of Bucyrus International, Inc., which combined two leading suppliers
of mining equipment. The acquisition positions Caterpillar to offer the industry’s
broadest range of surface and underground mining products and solutions to customers.
• Caterpillar invested $426 million in the Axle Manufacturing facility in Winston-Salem,
N. C., and celebrated its grand opening November 2011. The 850,000-square-foot,
state-of-the-art facility supports the company’s growing global mining operations and
employs over 400 people.
• A $300 million dollar investment in Decatur, Ill. facilities and a $340 million dollar
investment in East Peoria, Ill. facilities to increase capacity for large mining trucks
and production of large track-type tractors for use in mining applications around the
world. When completed, capacity expansion projects in Decatur and supporting plants
will increase Large Mining Truck production by over 100 percent of our 2010 capacity.
• A new 645,000-square-foot manufacturing facility in the Rayong Province of Thailand
to produce a full range of mining articulated trucks and loaders for use in hard-rock
underground mining applications. The facility is expected to employ about 800 people
when at full capacity.
• A new customer support and learning center for Paving Products near
Minneapolis, Minn.
• A Work Tools plant expansion in the Waco, Texas, facility, which is now home to a
new line of Caterpillar engineered and designed hydraulic hammers for use in the
demolition industry.
• An additional $62 million dollar investment in an existing off-highway truck
manufacturing facility in Chennai, India, to expand truck capacity and efficiency.
This is in addition to the $108 million investment announced in 2010.
• A $150 million dollar investment for a new manufacturing facility in Indonesia to
build a range of mining truck chassis and bodies for shipment to customers in the
Asia/Pacic region.