Caterpillar Invested About R$ 600 Million in Factory Expansion in Piracicaba

Written by Roberta Souza

Published on 12/08/2022 at 09:13

Foto: reprodução www.caterpillar.com

Be the first to react!

With Expansion, Caterpillar Factory in Piracicaba Will Feature New Machinery That Will Improve the Company’s Production Time, Making the Unit More Efficient

The American multinational company Caterpillar, a metalworking company that has one of its factories in Piracicaba and employs many citizens of Rio das Pedras, announced that it will invest significantly in the expansion of its factory.

About R$ 600 million will be invested in the establishment of a grader manufacturing factory in Piracicaba. The area of the new venture in Piracicaba will have 11 thousand square meters and will produce for both the domestic and foreign markets.

The Caterpillar factory in Piracicaba has 27 new remote-controlled overhead cranes and will feature an automatic control system for assembly stages, a new hot-test concept without a cabin, and a smart mover system instead of tracks on the lines.

ARTICLE CONTINUES BELOW

Caterpillar’s New Factory in Piracicaba Will Have More Space Compared to Other Factories

The new Caterpillar unit in Piracicaba will have 50% more space compared to the factory where the machines were previously assembled. The new space is expected to feature new machinery that will improve production time, making it more efficient.

In addition to the new assembly factory of Caterpillar in Piracicaba, there will be investments in the purchase of new production equipment, such as welding robots, introduction of new industrial processes, and overall optimization of the factory layout. A new building is also under construction and will have 12 thousand square meters to optimize the logistics process within the Piracicaba factory environment.

With New Factory Constructions, Caterpillar Grows 18.4% in Q2 to US$ 1.67 Billion

Caterpillar reported that the results obtained in the 2nd quarter of 2022 reflect favorable pricing conditions and higher sales volume, where the company reported a net income of approximately US$ 1.67 billion in the second quarter, an increase of approximately 18.4% compared to the same period last year. The profit increased about 10.5% on a yearly basis to US$ 14.25 billion.

Excluding non-recurring items, the adjusted earnings per share of US$ 3.18 exceeded the FactSet consensus of US$ 3.01. The profit, however, fell below the FactSet consensus of US$ 14.28 billion.

The data obtained by Caterpillar reflects favorable pricing conditions and higher sales volume, according to the company. Sales in the construction industries increased by 7% to US$ 6.03 billion, while energy and transportation sales rose by 15% to US$ 5.71 billion, with resource industries increasing by 16% to US$ 2.96 billion.

Meanwhile, operating costs rose by 10.8% to US$ 12.3 billion, and the operating profit margin contracted from 13.9% to 13.6%.

“Our team delivered another good quarter with double-digit revenue and adjusted earnings per share growth, despite ongoing supply chain challenges,” said CEO Jim Umpleby in a statement. “Our second-quarter results reflect healthy demand in most of our end markets.”

According to Caterpillar, profit in the third quarter could increase with higher distributions and price realizations, with the adjusted operating profit margin potentially improving in the second half of 2022.

Caterpillar Invested About R$ 600 Million in Factory Expansion in Piracicaba

With Expansion, Caterpillar Factory in Piracicaba Will Feature New Machinery That Will Improve the Company’s Production Time, Making the Unit More Efficient

Caterpillar’s New Factory in Piracicaba Will Have More Space Compared to Other Factories

With New Factory Constructions, Caterpillar Grows 18.4% in Q2 to US$ 1.67 Billion

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.

BYD Atto 2 DM-i flex prepares to debut in Brazil with a plug-in hybrid engine, national assembly in Camaçari, competitive pricing, and targets Creta and T-Cross in a battle that promises to heat up the compact SUV market.

Processors can become 1,000 times faster with a new device that uses light pulses, operates in 40 picoseconds, and reduces the heat that stalls data centers.

Noise in the sky frightened residents: NASA confirms that a meteor exploded over New England with a force equivalent to 230 tons of TNT

The paycheck that seemed impossible: São José employee receives R$ 7.94 after legal strike, while deductions by the City Hall affect over a thousand employees and become a target of inquiry in the City Council.

Caterpillar Invested About R$ 600 Million in Factory Expansion in Piracicaba

With Expansion, Caterpillar Factory in Piracicaba Will Feature New Machinery That Will Improve the Company’s Production Time, Making the Unit More Efficient

Caterpillar’s New Factory in Piracicaba Will Have More Space Compared to Other Factories

With New Factory Constructions, Caterpillar Grows 18.4% in Q2 to US$ 1.67 Billion

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

A man takes a simple farm cattle trough and transforms it into a fully motorized boat by lining the tank with plywood, sealing everything with epoxy, and installing an outboard motor.

In just 24 days, China erected 7,733 foldable houses alongside nearly 10,000 tents and sheltered over 47,000 residents in one of the highest and most inhospitable regions on the planet, in what is considered the fastest housing deployment in history.

With an eye on consumers from Santa Catarina, Paraná, Rio Grande do Sul, and Argentina, Havan is launching a mega store worth R$ 90 million on the side of a busy highway, in an investment that Luciano Hang classifies as one of the most important in the expansion.

Next to Brazil, a neighboring country is evaluating a 3.7 km underwater tunnel in one of the most extreme regions of America, a project initially estimated at US$ 1.5 billion that could end the dependency on ferries to reach Tierra del Fuego.

For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.

BYD Atto 2 DM-i flex prepares to debut in Brazil with a plug-in hybrid engine, national assembly in Camaçari, competitive pricing, and targets Creta and T-Cross in a battle that promises to heat up the compact SUV market.

Processors can become 1,000 times faster with a new device that uses light pulses, operates in 40 picoseconds, and reduces the heat that stalls data centers.

Noise in the sky frightened residents: NASA confirms that a meteor exploded over New England with a force equivalent to 230 tons of TNT

The paycheck that seemed impossible: São José employee receives R$ 7.94 after legal strike, while deductions by the City Hall affect over a thousand employees and become a target of inquiry in the City Council.