Caterpillar 2010 Annual Report Download - page 21

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MINING OPPORTUNITY
BY DEVELOPING GREATNESS
It’s an exciting time for Caterpillar to be in the mining industry. The need for
commodities like coal, copper and iron ore is expected to continue growing at a
robust rate due to global economic growth, increased energy demand and mass
urbanization. When the world grows, so does the demand for mining equipment.
We proved this year that we are serious about listening to our customers and
remaining the industry leader for mining products and technologies on a global level.
2010 showcased how successful we can be in the mining business. We delivered our 50,000th off-highway truck (a 777F)
to begin coal mining in Colombia. Our 10,000th large mining truck rolled off the line and we shipped our 500th 797, with
both trucks headed to work in Australia. In Wyoming, a fleet of 797 trucks continues to work over 8,000 hours per year –
a 93 percent utilization rate. These are world-class achievements of which we can all be proud.
Our future in the mining industry is very bright. We have announced an agreement to acquire Bucyrus, which will give us
the world’s broadest surface and underground product line and allow us to participate more fully in the opportunities in
the global industry. Many customers have witnessed first hand our new autonomous mining trucks in action at our
demonstration facility in Arizona. These developments, coupled with technologies like MINEGEM™ for underground
mining, remote-controlled dozers, electric drive mining trucks and Cat MineStar™, will significantly change the mining
landscape. I’m proud to say that Caterpillar is at the forefront…right where leaders like Caterpillar should be.
Caterpillar’s ability to stay at the forefront of mining equipment technology reflects an ongoing commitment to excel at
product development. We are fortunate to have a world-class team of engineers and technical experts to design
industry-leading products – the kind of products our customers expect and deserve from Caterpillar. In 2010, this team
was challenged to raise the bar in the design, development and validation of next-generation technology and product
with unprecedented efficiency.
Execution of the largest product development effort in Caterpillar history – Tier 4/Stage IIIB/IV/Step 4 non-road diesel
emissions regulations – was an area of intense focus as it has been for the past several years. With Interim regulations
taking effect in 2011, we were challenged to ramp up design, validation, assembly planning, manufacturing and product
support readiness to meet an aggressive execution schedule. Using state-of-the-art virtual tools,
processes and validation, coupled with good old-fashioned hard work, our teams are delivering cleaner,
more sustainable products. Cat® Tier 4 machines and engines will produce near-zero particulate matter
and oxides of nitrogen, and will provide customers with the power, performance, fuel efficiency and
value they need to enhance their business success.
The knowledge and capabilities gained as a result of Tier 4 product development are now being
leveraged through all of our Caterpillar New Product Introduction programs. The proven success and
amazing potential of our global R&D team has once again set the mark for excellence in the industry.
LEADERSHIP • EXECUTIVE OFFICERS
Steve Wunning
Wunning joined Caterpillar in 1973 and has held numerous positions with increasing responsibility in the
areas of quality, manufacturing, product support and logistics. In 1987, he was one of the first employees
in the newly formed subsidiary Caterpillar Logistics Services, Inc. (Cat Logistics), which was established
to leverage Caterpillar’s expertise by providing logistics services to other companies. He became vice
president of Cat Logistics in 1990 and president in 1994. In 1998, Wunning was named vice president
with responsibility for the Logistics & Product Services Division. In 2000, he became vice president with
responsibility for Cat Logistics, which combined all of the internal Caterpillar and external client logistics
operations into a single unit. In 2004, Wunning was named group president.
Big 8 Imperatives
Expand leadership in Mining and
Quarry & Aggregates…new
products and solutions.
Excel at Product Development…
quality, emissions, growth markets
and next-generation products.
2010 YEAR IN REVIEW