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Caterpillar Expects Record Profits for 2012

The large machine manufacturer bringing a plant to Oconee and Athens is having a banner year.

Caterpillar, which announced this month that straddling the Athens-Oconee line, is expecing to break sales and profit records in 2012, according to media reports.

The construction machinery manufacturer has made a lot of headlines in recent days for its Georgia announcement, which could bring thousands of related jobs to the area, and to other strategic moves that have affected communities in the United States and around the world.

Many stock analysts are highlighting Caterpillar's financial strength and discussing whether the company's stock can maintain its momentum. Other experts are analyzing Caterpillar's strategy of moving some of its manufacturing operations back to North America.

Closer to home, Barrow Journal co-publisher Mike Buffington opines that Barrow County will get a lot of benefit from the new plant without shouldering the expenses Athens and Oconee have taken on to lure the company.

And in light of for its role in the Israeli-Palestinian conflict, the Morgan County citizen reports that Presbyterian leaders in that county support Caterpillar's move to the region.

What are your latest thoughts on the Caterpillar plant? Should nearby counties be sharing the incentive costs offered by Oconee and Athens?



Xardox March 3, 2012 at 03:02 pm
There is still a great of work ahead to make this a done deal. Thus this process by a successful and powerful corporation getting something done quickly that would take government years of effort and budget overruns to accomplish will be highly illuminating. The lesson? America's future lies in private enterprise and not government intervention.

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What a lovely gesture and thank goodness the money was raised. I seem to keep getting the news toRead More late. my fault I am sure. I would like to know of any other donations needed in the future, would love to help Misty's daughter Tabitha if I can.
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Thank you, Rep. Broun, for standing up for your beliefs. In doing so, you have represented theRead More best interest of the American people. Please keep on.this track for the sake of America.
Bill Caputi January 3, 2013 at 04:49 pm
Imagine that! A mockery of a representative calling an issue a mockery! How much of his outrageousRead More salary and benefit package is he willing to give up? And what he calls fact is seriously distorted information. Good leaders don't run and hide from an issue and then blame others for their shortcomings... I realize good leaders are hard to find.... but, why do we continue to tolerate mediocrity? A vacant seat would be just as effective as this congressman... actually, as I think about it, probably more effective.
Stephanie Gross (Editor) May 16, 2013 at 05:41 pm
Beautiful, Cindy. Thanks for sharing!
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Love those pictures - and congratulations to the graduates. You can also post a personalRead More congratulations to your graduate in announcements on Patch as well.
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Beautiful flowers David - I love spring. Now if it would just show up before summer hits this year!
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Erin and Charlotte, Thanks for adding your photos to the mix!