From APRA Connection, CBS.MarketWatch.com
PEORIA, IL — Peoria, Ill.-based Caterpillar, which has 50 U.S. facilities and 65 abroad, can sell remanufactured products with warranties for less money than new equipment. The company’s top executive told Reuters the remanufacturing business is expected to grow 10 percent to 15 percent a year and has environmental benefits because fewer resources are used than in manufacturing.
Caterpillar does the work itself, the report said, a departure from other manufacturers’ practices. The company had more than $22 billion in sales in 2003. It produces a wide array of products, from earth movers and loaders to marine engines.
In December 2004, the company and its United Auto Workers-represented employees reached a tentative labor deal for 9,000 employees in four states.
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