Summary
Caterpillar Inc. (CAT) announced in an 8-K filing dated September 30, 2010, an upcoming price adjustment that will impact its product lines globally. Effective January 2011, Caterpillar will implement a price increase of 0-2% across its worldwide product offerings. This broad price adjustment is attributed to prevailing industry factors and general economic conditions. In addition to the general price adjustment, Caterpillar also reaffirmed its earlier announcement regarding emissions-related price increases. These specific increases, ranging from 2-6%, will also take effect in January 2011 for applicable products and regions. The company indicated that detailed pricing information by product, region, and specific emissions compliance will be communicated to dealers shortly, highlighting potential variations in the magnitude of these changes.
Key Highlights
- 1Caterpillar Inc. announced a global price increase of 0-2% effective January 2011.
- 2The price adjustment is attributed to current industry factors and general economic conditions.
- 3A previously announced emissions-related price increase of 2-6% for applicable products and regions will also be implemented in January 2011.
- 4Pricing details will vary by geographic region and specific product.
- 5Further product-specific details will be released to dealers in the near future.
- 6The filing was made on September 30, 2010, with an event date of September 29, 2010.