Posted in | News | Mining Equipment

Caterpillar to Acquire ERA Mining Machinery and its Siwei Subsidiary

Caterpillar, a manufacturer of industrial gas turbines, diesel and natural gas engines, and construction and mining equipment, has completed its tender offer for ERA Mining Machinery.

This also includes Zhengzhou Siwei Mechanical & Electrical Manufacturing, ERA’s wholly-owned subsidiary. Through this latest acquisition, Caterpillar will be able to better serve its Chinese customers.

ERA specializes in design and development. The company teams up with Siwei, who develops mining roof support equipment, to provide support for underground coal mining equipment in China.

Caterpillar Group President, Steve Wunning informed that the company has made a strategic decision to expand its offerings to the growing base of mining customers in China. Over the course of time, Siwei will experience significant growth outside China. To this end, Caterpillar will leverage Siwei’s expertise to expand its roof support equipment business in China and ensure more safety and better efficiency of its customers within the mines.

Moreover, the acquisition is in line with Caterpillar's strategic plans to strengthen its leadership position in China’s coal mining equipment industry, and also allows the company to exploit the strong outlook in China for coal production. Presently, China is a leading producer of coal in the world, and the country is estimated to grow further in the coming years.

Siwei is based in Henan province in central China and will continue to be a part of Caterpillar Global Mining. Siwei has 4,300 employees specializing in manufacturing, engineering, sales and service operations.

Source: http://www.caterpillar.com

Disclaimer: The views expressed here are those of the author expressed in their private capacity and do not necessarily represent the views of AZoM.com Limited T/A AZoNetwork the owner and operator of this website. This disclaimer forms part of the Terms and conditions of use of this website.

G.P. Thomas

Written by

G.P. Thomas

Gary graduated from the University of Manchester with a first-class honours degree in Geochemistry and a Masters in Earth Sciences. After working in the Australian mining industry, Gary decided to hang up his geology boots and turn his hand to writing. When he isn't developing topical and informative content, Gary can usually be found playing his beloved guitar, or watching Aston Villa FC snatch defeat from the jaws of victory.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Caterpillar. (2019, February 18). Caterpillar to Acquire ERA Mining Machinery and its Siwei Subsidiary. AZoMining. Retrieved on May 19, 2024 from https://www.azomining.com/News.aspx?newsID=6535.

  • MLA

    Caterpillar. "Caterpillar to Acquire ERA Mining Machinery and its Siwei Subsidiary". AZoMining. 19 May 2024. <https://www.azomining.com/News.aspx?newsID=6535>.

  • Chicago

    Caterpillar. "Caterpillar to Acquire ERA Mining Machinery and its Siwei Subsidiary". AZoMining. https://www.azomining.com/News.aspx?newsID=6535. (accessed May 19, 2024).

  • Harvard

    Caterpillar. 2019. Caterpillar to Acquire ERA Mining Machinery and its Siwei Subsidiary. AZoMining, viewed 19 May 2024, https://www.azomining.com/News.aspx?newsID=6535.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.