Caterpillar has entered into a preliminary agreement with Hauhinco to divest its longwall product line. Subject to the negotiation of a final agreement, the deal is expected to be completed in the third quarter of 2022. Cat said it and Hauhinco will work together to ensure a smooth transition to minimize any impacts to customers and dealers.
Cat’s longwall product line includes roof supports, shearers, armored face conveyors, CST drives and other related equipment.
The company said it made the decision to exit the longwall product line to stay focused on its core products and services.
The decision along with the previous announcement to license intellectual property to Simmons Equipment Co. would mean a complete withdrawal from the underground coal mining business.