Mar 11, 2008
Caterpillar expects boost in sales, revenues from emerging markets
“They have a need to invest in infrastructure”
Caterpillar Inc, which stands to benefit from 'infrastructure growth opportunities in the world's emerging market' as well as upgrade work in North America and Europe, expects to see sales and revenues approaching $60 billion by 2010, Chairman and Chief Executive Officer Jim Owens told analysts at a major trade show late today.
The presentation marks the first time Caterpillar, which had 2007 revenues of $45 billion, has ever publicly projected annual sales of $60 billion.
In 2005, Owens had laid out a then-ambitious multiyear plan to achieve annual sales of $50 billion by 2010, but the company's growth surge since then has made that original target obsolete. Read more
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