Retired Caterpillar Inc. Chairman and Chief Executive Officer Glen Barton Inducted Into National Mining Hall of Fame
PEORIA, Ill., Sept. 21, 2012 /PRNewswire/ -- Former Caterpillar Inc. (CAT) (NYSE: CAT) Chairman and Chief Executive Officer Glen Barton is being inducted into the National Mining Hall of Fame during its 25th Silver Anniversary Induction banquet and ceremony in Las Vegas, Nevada, on Saturday, September 22. Barton, who retired as Chairman and CEO of Caterpillar in 2004, is one of four people selected this year to become a member of the National Mining Hall of Fame.
During his tenure as Chairman and CEO from 1999 to 2004, Barton paved the way for Caterpillar's leadership in the global mining industry with his strategic vision. Today, building upon that vision, Caterpillar is recognized throughout the global mining industry as a company that makes sustainable progress possible. As a symbol of quality and service, Caterpillar provides the most comprehensive mining products, services and solutions to this increasingly important market.
"I am humbled and proud to be selected for this honor on behalf of Caterpillar and the many people who I've had the privilege of working with over the years," said Barton. "I will always have a passion for the mining industry and continue to recognize the importance of focusing on safety as well as educational efforts to help the public understand the role that mining plays in society."
Barton and his fellow inductees will join 214 other mining industry pioneers when they are formally welcomed into the National Mining Hall of Fame. The induction ceremony is being held in conjunction with the opening of MINExpo International® 2012 at the Las Vegas Convention Center September 24 September 26.
Held once every four years, MINExpo is the world's largest mining show featuring the industry's latest technology, equipment, parts and services. Covering 52,000 square feet, Caterpillar will have the largest single exhibit in the history of MINExpo featuring 18 complete mining and support machines and components, models and technology displays representing the broadest mining product line available.
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.
Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global economic conditions and economic conditions in the industries and markets we serve; (ii) government monetary or fiscal policies and infrastructure spending; (iii) commodity or component price increases and/or limited availability of raw materials and component products, including steel; (iv) our and our customers', dealers' and suppliers' ability to access and manage liquidity; (v) political and economic risks and instability, including national or international conflicts and civil unrest; (vi) our and Cat Financial's ability to: maintain credit ratings, avoid material increases in borrowing costs, and access capital markets; (vii) the financial condition and credit worthiness of Cat Financial's customers; (viii) inability to realize expected benefits from acquisitions and divestitures, including the acquisition of Bucyrus International, Inc.; (ix) international trade and investment policies; (x) challenges related to Tier 4 emissions compliance; (xi) market acceptance of our products and services; (xii) changes in the competitive environment, including market share, pricing and geographic and product mix of sales; (xiii) successful implementation of capacity expansion projects, cost reduction initiatives and efficiency or productivity initiatives, including the Caterpillar Production System; (xiv) sourcing practices of our dealers or original equipment manufacturers; (xv) compliance with environmental laws and regulations; (xvi) alleged or actual violations of trade or anti-corruption laws and regulations; (xvii) additional tax expense or exposure; (xviii) currency fluctuations; (xix) our or Cat Financial's compliance with financial covenants; (xx) increased pension plan funding obligations; (xxi) union disputes or other employee relations issues; (xxii) significant legal proceedings, claims, lawsuits or investigations; (xxiii) compliance requirements imposed if carbon emissions legislation and/or regulations are adopted; (xxiv) changes in accounting standards; (xxv) failure or breach of IT security; (xxvi) adverse effects of natural disasters; and (xxvii) other factors described in more detail under "Item 1A. Risk Factors" in our Form 10-K filed with the SEC on February 21, 2012 for the year ended December 31, 2011. This filing is available on our website at www.caterpillar.com/secfilings.
SOURCE Caterpillar Inc.