Caterpillar-Purchases-Bucyrus.Pdf

Caterpillar-Purchases-Bucyrus.Pdf

THE woRld NEEdS caterpillAR: MINING MoRE ENGAGEd IN THE THAN EvER BEfoRE MINING INduSTRy page 4 page 5 BuCyRuS & CaterpillAR: BuIldING ouR woRld foR MoRE THAN A CENTuRy DAYONE page 8 THE NEXT GREAT CHAPTER IN MINING IS HERE Caterpillar Together we’re purchase of making history Bucyrus creates A letter from Doug Oberhelman, unprecedented Caterpillar Chairman and CEO Today marks an important opportunities chapter in the long histories for mining of Bucyrus and Caterpillar. We For nearly 100 years, Cat and Bucyrus are bringing products have worked alongside together each other on mine sites around the two iconic world—drilling and digging, loading companies with and hauling, grading and dozing. well-respected Today, they have united their strengths brands and to create a powerful new opportunity the best products and people. And for the company, its employees, its with our shared vision to serve mining customers and the mining industry. customers around the world, we are Caterpillar announced its agreement well positioned for the future. to purchase Bucyrus in November When we decided to expand our mining 2010. Today, the two begin serving the product line, we chose to do so by mining industry as one company— working with the best. The products Caterpillar—with the broadest line of Bucyrus makes and the work its surface and underground equipment in employees do is recognized around the the world. Based in Peoria, Ill., USA, world, and frankly, that expertise and Caterpillar will operate its mining excellence is what has brought us to this business from new headquarters in Oak point. We proudly welcome the Bucyrus Creek, Wis., USA, near the Bucyrus people and products to our Caterpillar production facility in South Milwaukee. family. “This is an exciting day for Caterpillar, The combination of Caterpillar and for Bucyrus, and for the mining Bucyrus is all about growth. Our industry as a whole,” said Caterpillar combined capabilities, coupled with Chairman and CEO Doug Oberhelman. outstanding industry attractiveness, will Bucyrus and Caterpillar are a good give us unprecedented opportunities. strategic fit: Complementary products, Together we are an unbeatable complementary parts and service combination that neither company could networks, complementary cultures and replicate alone. While we come from values, and one focus—helping mining Cat and Bucyrus products have worked alongside each other for nearly 100 years. different backgrounds, we are now one companies succeed. That focus on the And now Cat and Bucyrus employees will do the same—uniting their cultures, Caterpillar team. customer was an essential consideration generations of experience and focus on the mining industry to help customers around the world succeed. While Caterpillar is proud to have for the acquisition. many second- and third-generation “For several years our customers calls for the company to expand its companies themselves are more employees, I’m told Bucyrus has fourth- have been asking us to expand our leadership in the mining industry. “The alike than they are different, with and even fifth-generation employees range of products and services to acquisition positions us to capitalize complementary products, parts and working today. That kind of loyalty better meet their increasingly complex on the robust long-term outlook for service networks, and even people. and legacy is important to me—it commodities,” said Oberhelman. “It is demonstrates a commitment to building requirements,” said Oberhelman. “We share a passion for one a positive move for our shareholders, a company whose foundation is rooted “Today, we can tell them, ‘We heard industry and a commitment to customers and employees.” in quality and customer service. And you loud and clear.’” doing whatever it takes to help whether you are new to the team or part The acquisition is also based on a key While the Cat and Bucyrus product Caterpillar corporate strategy, which lines have virtually no overlap, the Please see PUrChASE, page 2 Please see MAkINg, page 2 2 | day one | caterpillar Purchase (continued from page 1) our customers succeed,” said Oberhelman. “We have similar cultures and values—demanding integrity, honesty and trust in our dealings with our customers, our dealers, our suppliers and each other. In those areas where we’re not the same, we’ll embrace those differences and fill the gaps—making it possible to do things together that we could never do alone.” Both companies also share a commitment to developing innovative products, creating a collaborative and safe work environment for employees, and minimizing the impact on the environment. Former Bucyrus President and CEO Tim Sullivan credits his team for their role in making Bucyrus an excellent partner for Caterpillar. “The purchase is a testament to the tremendous value that the talented Bucyrus team has created and to the strength of our brand in the global mining machinery marketplace,” Sullivan said. The companies’ combined financial strength, complementary product offerings and people will drive a number of benefits, including: • The combined speed and entrepreneurial spirit of Bucyrus, and the process focus and discipline of Caterpillar. • A one-stop shop for global mining customers, with an Making history unparalleled product range of (continued from page 1) mining and support equipment for all types of surface and of a long legacy, each and every one of underground mining. you is critical to our success. • Support from the Cat global The work of both companies is deeply dealer network—unmatched rooted in strong values. When I first service, integrated solutions, looked at Bucyrus’ philosophy, I after-sales support, fast and was happy to see the words Safety, efficient parts fulfillment, and Integrity, Quality, reliability, Customer world-class remanufacturing Bucyrus shovels have been loading Cat® trucks, top photo, for decades. Now the complementary products of these two companies will be offered by one single source— Focus, Sustainable Development, capabilities. Caterpillar. This acquisition gives Caterpillar a number of new products for surface and Continuous Improvement and Drive for ® underground mining customers. The shearer, above left, is a highly productive longwall mining results—all things that are important • Cat engines and components machine. The dragline, right, is a new surface product in the Cat lineup. to enhance performance and at Caterpillar. Within our company, lower owning and operating we’ve identified Integrity, Excellence, costs. Teamwork and Commitment as the Surface Mining Equipment underground Mining Equipment pillars of our Worldwide Code of • Additional scale and cost s Conduct, known as Our Values in efficiencies in areas such as Action. These values are our foundation, s s s s s purchasing and engineering. t s and will drive our decisions and actions s ucks as we build the best mining company ranspor s • Deployment of manufacturing Tr best practices through the in the industry. Joining two companies ucks & loader Highwall Miner Surface drills Rope Shovel draglines Surface Belt Systems Belt Systems Roof Supports Armored face Conveyor Shearer drills Tr Continuous Miner diesel T Caterpillar Production System dozers & Grader wheel loader Mining Hydraulic Shovel focused on doing things the right way and Bucyrus’ lean manufacturing gives me confidence in our future principles. caterpillar success and pride in what we will make possible for our customers and the “Caterpillar and Bucyrus are Joy global world. better together,” said Oberhelman. Komatsu “We’re better at supporting our There is much work to be done, industry. Better at meeting our Hitachi and you’ll be learning more as the customers’ needs. And better at organization continues to develop in the Liebherr protecting people and minimizing weeks and months ahead, but for now, impacts on environments where please accept my most sincere welcome mining companies operate.” to the new Caterpillar mining team and The merger of Caterpillar and Bucyrus gives the mining industry access to the broadest line of my appreciation for the work you do underground and surface mining equipment in the world—from one source. every day. day one | caterpillar | 3 Caterpillar is well-positioned for growth The new Caterpillar global Mining menu of options to support the mining market and managing existing joint Denison, Texas; and halifax, Uk, organization begins operation today business and improve productivity.” ventures in China. locations. under a new leadership team comprised of Caterpillar and Bucyrus leaders with general managers in the Mining Sales • Sri Srinath, product manager for • Walt hupe, general manager for decades of experience in the mining & Marketing Division are: surface material handling, with Decatur, Ill., and Acuna, Mexico. responsibility for large wheel loaders, industry. • Janpeter Bekkering, global Accounts • Uli Noll, general manager responsible large track-type tractors and rotary for operations located in Europe The leadership team reflects the • Al Frese, Product Support and blasthole drills. and Asia, including Luenen and strengths of both companies and Solutions creates an enduring organization that • Larry Tate, product manager for Dortmund, germany, as well as Czech positions the company for exceptional • Dieter gessner, Europe, Africa, hauling products, with responsibility republic. Middle East and Commonwealth of for quarry and construction trucks, growth and mining industry leadership. • Phil Pennington, general manager

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