Caterpillar Says Strong Sales Continue in January

Friday, 18 Feb 2011 12:38 PM

 

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Caterpillar says worldwide demand for its heavy construction and mining equipment continues to be strong, with sales growing 49 percent in January.

The Peoria, Ill., company said in a filing Friday that machinery sales were strongest in North America, where sales grew 58 percent from a year earlier, and Latin America, where sales surged 56 percent.

Engine sales also improved for Caterpillar but not as much as machinery sales. Caterpillar says total engine sales grew 23 percent.

Last month, the maker of yellow-and-black mining and construction equipment said its fourth-quarter net income more than quadrupled to $968 million as its sales surged 62 percent to $12.8 billion.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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