Seeking Alpha

Caterpillar closes second plant in six days

  • Caterpillar (CAT +0.2%) will close its Beckley, West Virginia mining equipment plant.
  • This marks the second closure in just six days.
  • Last week, the company said it would close a mining equipment plant in Kilgore, Texas, a move which affected some 100 workers.
  • See also: CAT subsidiary subject of investigation
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Comments (3)
  • BlueOkie
    , contributor
    Comments (7414) | Send Message
     
    If it isn't a business friendly environment shut down the plants. Gov't will eventually get the idea!
    4 Nov 2013, 02:54 PM Reply Like
  • swampfox1
    , contributor
    Comments (90) | Send Message
     
    Blue Okie~~~You really think that???~~This government with NO, that is NO, business experience.
    I'd like to think you are right~~~I'm long CAT.
    4 Nov 2013, 08:34 PM Reply Like
  • BlueOkie
    , contributor
    Comments (7414) | Send Message
     
    I'm waiting to see if CAT predictions that dealers are just cleaning out inventory and next year will be better comes true! You NO is right on target. I remember Obama standing a CAT plant telling how good things are, while CAT was handing out pink slips.
    5 Nov 2013, 03:49 PM Reply Like
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