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Author: Admin | 2025-04-28
Bucyrus International, Inc.Type PublicFate Pending purchase by Caterpillar Inc. (mid-2011)Predecessor Bucyrus Foundry and Manufacturing Company (1880-1893)Bucyrus Steam Shovel and Dredge Company of Wisconsin (1893-1895)The Bucyrus Company (1895-1911)Bucyrus Company (1911-1927)Bucyrus-Erie Company (1927-1996)Founded Bucyrus, Ohio, United States (1880)Founder(s) Daniel P. Eells et al.Headquarters South Milwaukee, Wisconsin, United StatesArea served WorldwideKey people Timothy W. Sullivan, President, CEO and DirectorIndustry Machinery manufacturingProducts 8750 DraglineRH400 Hydraulic ExcavatorMT6300AC Mining TruckServices MaintenanceRevenue (turnover) US$3,650,563,000 (FY 2010)Operating income US$534,764,000 (FY 2010)Net income US$315,750,000 (FY 2010)Total assets US$5,019,828,000 (FY 2010)Total equity US$2,039,114,000 (FY 2010)Employees ~10,000 (2009)Website http://www.bucyrus.com/[1]Bucyrus International, Inc. is a manufacturer of heavy mining equipment. Founded in Bucyrus, Ohio, USA in 1880, the headquarters were moved to its current location in South Milwaukee, Wisconsin in 1893. It was an early producer of steam shovels. Its products now include large electric rope shovels, walking draglines, and rotary blasthole drills for the surface mining industry. Formerly Bucyrus-Erie, they built hundreds of large mining machines, as well as construction equipment, in an intense competition against competitor Marion Power Shovel. Bucyrus acquired Marion Power Shovel in 1997. It markets equipment under the brands Bucyrus, Bucyrus-Erie, Marion, and Ransomes & Rapier. In May 2007, Bucyrus acquired the DBT Group from the RAG Group of Germany. DBT manufactures underground mining equipment that complements the current surface machinery line.On November 15, 2010, Bucyrus agreed to be acquired by Caterpillar in a transaction valued at US$8.6 billion. Caterpillar intends to create its mining business headquarters in the current Bucyrus South Milwaukee, Wisconsin headquarters location and maintain the Bucyrus brand for key Bucyrus legacy products. The transaction is expected to close in mid-2011 following regulatory approval from competition authorities in several countries.History[]1880-1927[]Bucyrus was an early producer of steam shovels, operating from its Bucyrus, Ohio headquarters and manufacturing facility. In 1893, Bucyrus moved its operations to South Milwaukee, Wisconsin.[2] A Bucyrus steam shovel working in the Panama Canal In 1904 Bucyrus supplied 77 of the 102 steam shovels used to dig the Panama Canal.[3]The company changed its name to Bucyrus-Erie in 1927 when it merged with the Erie Steam Shovel Company, the country's leading manufacturer of small excavators
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