Heavy equipment maker Caterpillar Inc. said Monday that it will acquire certain assets of Gremada Industries Inc., which reclaims and remanufactures metal components.
Financial terms were not disclosed.
The agreement was signed on Sunday and the deal is expected to close when legal and regulatory requirements are completed, Caterpillar said.
West Fargo, N.D.-based Gremada remanufactures and reclaims metal [...]

Caterpillar Inc. said its first-quarter profit fell three per cent, as strength in the company’s overseas business could not overcome a weak U.S. construction market and a sharp decline in engine sales.
But the company’s shares rose more than five per cent after Caterpillar boosted its earnings forecast for the next year.
Matt Collins, an analyst with [...]

Ingersoll-Rand Co., the maker of Bobcat machinery and Thermo-King refrigerated trucks, said first- quarter profit fell 14 percent on slower sales of equipment used in housing construction.
Net income dropped to $217.5 million, or 70 cents a share, from $253.2 million, or 76 cents, a year earlier. Profit beat analysts’ estimates. Sales rose 5.7 percent to [...]

Derba-MIDROC Cement PLC has hired MIDROC Construction Ethiopia PLC for 260 million Br to undertake the construction of 42Km of road at the factory site in Derba, West Shoa Zone of the Oromia Regional State.
The contract was signed on April 19, 2007, at the Derba-MIDROC offices on Jomo Kenyata Avenue by Haile Assegdie, executive director [...]

For Topcon Positioning Systems (TPS), the world leader in innovative precise positioning products and technologies, 2007 will be a benchmark year, according to Ray O’Connor, company president and CEO.
Topcon, in conjunction with TSD Integrated Controls, the Topcon and Sauer-Danfoss joint venture company, will announce a combined 13 new products this week at Bauma, the world’s [...]

Executives from Caterpillar Inc., Mitsubishi Heavy Industries Ltd. and Shin Caterpillar Mitsubishi Ltd. have signed a nonbinding memorandum of understanding to conclude a plan that would result in a new ownership structure for SCM.
The companies are in discussions with the intention of reaching definitive agreements for the plan where Caterpillar would own the majority [...]