Caterpillar Inc. is ramping up for several new capital construction projects following a record-setting second quarter of earnings. Photo: Courtesy Caterpillar Inc. Caterpillar’s Model 336 excavator is one of the machines that will be produced at a new plant in Victoria, Texas. Fueled by industrial market strength in mining, energy and infrastructure, the Peoria, Ill.-based company, the world’s largest construction and mining equipment maker, saw second-quarter profits increase 91% to $707 million, up from $371 million a year ago. Cat previously trimmed staff last year, cutting 20,000 jobs, or about 18% of its workforce. “We have streamlined our organization from
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.