Cat North America sales notes only 12% surge in 2021

03 May 2021 CW Team

US-based machinery equipment manufacturer Caterpillar Inc (Cat) North American sales and revenues noted a 12% surge throughout the first quarter, increasing from $10.6 Billion the previous year to $11.9 Billion in the current year 2021.

Cat’s three primary segments across the world witnessed higher sales—construction industries up by 27%, resources industries up by 27%, energy and transportation up by 4%.

Whereas construction industries of CAT in North America grew merely 2% during the quarter, however, there was an immense boost in Asia/Pacific (up to 72%), Europe/Middle East/Africa (22%), and Latin America (48%).

The company told the media that higher sales were due to increased sales volume backed by increased end-user demand and the impact of changes in dealer inventories, which increased by $700 million.

In North America, the revenues of Cat’s financial products declined by 9%, compared to Q1 2020.

The company said by improving requirements in its end markets and proactively handling supply chain hazards, it got inspired. According to the company, its team is committed to achieving profitability growth in the long haul.

Image Source

Also read: Caterpillar completes 50 years of manufacturing in India

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..