April 27, 2009 -- Caterpillar Inc. (NYSE: CAT) announced that it recently reached an agreement with Eaton Corporation to have Eaton's heavy duty transmission remanufacturing business done by Caterpillar's Remanufacturing Division. The agreement calls for Caterpillar to remanufacture Eaton® heavy-duty transmissions at its Summerville, South Carolina facility beginning in the third quarter 2009. The agreement brings together the powerful Fuller® Reman brand and the strong reputation of Caterpillar's Remanufacturing Division.
“Our relationship with Caterpillar's Remanufacturing Division allows us to take advantage of their global scale and footprint, world-class technology and significant focus on product availability and reliability," commented David Renz, Vice President – Sales & Marketing and Aftermarket, Eaton's Truck Group. "This new relationship will allow us to respond to our customers' and business partners' needs by continuing to provide them with the high-quality Eaton remanufactured components they have come to expect.”
"This agreement strengthens Caterpillar's remanufactured product portfolio and further solidifies our position as the world's leading remanufacturer,” commented Steve Fisher, Caterpillar Vice President with responsibility for remanufacturing. “We are very excited about this relationship and the future opportunities it presents for both Caterpillar and Eaton.”
“For our customers, nothing will change regarding distribution of our genuine remanufactured transmissions through truck OEMs, OEM dealers and associated distribution channels,” said Renz. “We expect Caterpillar's significant remanufacturing base and our strong product line to provide our customers with unmatched quality, service and availability.”
Caterpillar's Remanufacturing Division is comprised of 18 facilities located in the United States, Mexico, Europe and Asia. Caterpillar is one of the largest remanufacturers today, recycling more than 2 billion pounds of material annually. Caterpillar uses state-of-the-art remanufacturing technology to recycle used products, such as engines and transmissions, into like-new components.
About Eaton Corporation
Eaton Corporation is a diversified power management company with 2008 sales of $15.4 billion. Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 75,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.
About Caterpillar Inc.
For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2008 sales and revenues of $51.3 billion, Caterpillar is a technology leader and the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: http://www.cat.com.
