tunnelling-journal (1)
tunnelling-journal (1)
  • Home
  • Print
    • Subscribe
    • Tunnelling Journal
    • Breakthrough
    • ITA Activity Report
    • A&NZ Journal
    • WTC Preview
    • Media Kit
  • Digital
    • Newsletter
    • E-Shots
    • Products Page
    • Media Kit
  • Conferences
    • BTS Conference and Exhibition
    • Cutting Edge 2021
  • Buyer’s Guide
  • Events Diary
  • Jobs
  • About Us
  • Contact Us
  • Podcast

Home > Caterpillar to phase out tunnelling business

Caterpillar to phase out tunnelling business

Tris Thomas

Written by Tris Thomas on 03/05/2013 in News

Tagged:

Caterpillar Tunneling Canada Corporation (CTCC) today notified employees that it will exit the business and cease production at its facilities by mid 2014. Caterpillar purchased Lovat Inc., which is known today as CTCC, in 2008, as its entry into the tunnel boring business. The company has since determined the business no longer represents a strategic growth opportunity.

“We continuously evaluate our strategic portfolio to ensure alignment with our long-term strategy and have concluded the tunneling business no longer fits that strategy,” said Stu Levenick, Caterpillar group president with responsibility for Customer & Dealer Support. “As a result, we have elected to exit the business. We know this is difficult news for our employees and their families. We acquired a great team when we bought this company, and while they have demonstrated an ability to build quality products, the future prospects of this business no longer align with our expectations.”

The decision will impact approximately 330 employees. CTCC is offering its employees a severance package and will work with appropriate agencies on outplacement services.

CTCC will honor current contractual obligations to existing customers, including the assurance that after-sales support needs are satisfied. Caterpillar has committed to provide parts and service support through 2016.

Comments:

Leave a Reply to Mark Merrie Cancel reply

Your email address will not be published. Required fields are marked *

  1. Al Borrero says:
    03/05/2013 at 1:18 pm

    This is no surprise. First it was Jarva, then Robbins, now Lovat.

    Reply
    1. Mark Merrie says:
      27/02/2014 at 4:49 am

      Don’t forget SELI & Wirth…..the options are becoming limited which is never good in any supply chain

      Reply
    2. Harry Hilton says:
      14/02/2014 at 8:20 pm

      Al Borrero !!!! Where the heck are you ! just saw the above posting. nYou have to be the same Al Borrero I knew at S & M / Mole / Jarva. nThis is Harry Hilton.nRetired for some years now but starting to maken contact with a few old friends on Linkedin. I live in Olathe, KS n(Kansas City). Have been wondering about the Lovat Co. I lived in Canadan 16 yrs. Knew Richard very well. As a matter of fact I used the SECOND nmachine he built (in about 19660) in Toronto – 16 ft. I believe.nopen face (No EPB back then) we used about 5 to 10 p.s.i. compressed-air.nShoot me a notenCheersnHarry

      Reply

Search

Digital Edition

More Like This

27/10/2020

Podcast #4: Use of standards and other common practices to manage personal/professional legal risks

Podcast #4: Use of standards and other common practices to manage personal/professional legal risks

In this “standards” themed episode, Professor Dix draws on almost 30 years global legal experience as a disaster investigator, lawyer…

17/12/2020

Requests for Proposals Issued for Ontario Line

Requests for Proposals Issued for Ontario Line

Infrastructure Ontario (IO) and Metrolinx have issued two Requests for Proposals (RFPs) for procurement packages for the Ontario Line subway…

15/10/2020

Mumbai Metro sees 33rd breakthrough

Mumbai Metro sees 33rd breakthrough

Mumbai Metro Rail Corporation (MMRC) has achieved its 33rd breakthrough, with the completion of a 653m long tunnel from Churchgate…

  • Contact Us
  • Media Kit
  • Magazine Archive

Newsletter

The latest from the Tunneling Journal direct to your inbox.

Social



Enquiries

TGS Media Ltd
The Old Library
Webster House
Dudley Road
Tunbridge Wells
TN1 1LE
United Kingdom

© Tunnelling Journal. All Rights Reserved. Privacy Policy / Terms & Conditions. Admin

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkRead more