Barloworld Receives $400 Million Order for Caterpillar 797s
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Barloworld Ltd. received orders from Vale SA’s Mozambique operations for 10 Caterpillar Inc. 797 “megatrucks,” which will add at least $400 million to revenue, Chief Executive Officer Clive Thomson said.
“Each truck is a business opportunity on its own,” Thomson said in a phone interview today. Priced at $40 million to $50 million each, the trucks will provide Johannesburg-based Barloworld, the world’s largest trader of forklifts, with income during their 10-year lifespan. “During the 10 years we will continually service and supply new parts for the trucks,” said Thomson.