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CATERPILLAR INC. FACILITY TO PARTIALLY SHUT DOWN

 PEORIA, Ill., Aug. 12 /PRNewswire/ -- One of Caterpillar's facilities -- the Track-Type Tractor Business Unit, East Peoria, Ill. -- will partially shut down for two weeks, beginning Monday, Sept. 13, 1993, to bring inventories in line with demand.
 As previously reported, customer demand for most Cat equipment is good, due to the improving U.S. economy. Track-type tractors, however, are an exception. Despite record levels of market acceptance for Cat models, industry track-type tractor demand continues to lag and inventories are too high.
 "All things considered, in terms of the impact on our employees, suppliers, and customers, this brief shutdown is the best way to respond to the need to adjust inventories -- just as we've done in the past under similar circumstances," said Caterpillar Vice President James E. Despain, head of the business unit.
 The company further stated that the shutdown will have no impact on other products or facilities, and does not alter Caterpillar's overall outlook for the year. Any additional need to further adjust track- type tractor inventories will depend on the marketplace.
 Not all employees will be affected. Approximately 1,000 will continue to work throughout the period, performing maintenance and producing parts. Approximately 1,600 will be off work throughout the two-week period.
 Typically, employees idled by the shutdown will receive a combination of company-paid Supplemental Unemployment Benefits and state benefits equal to 95 percent of their take-home pay.
 They will return to work on Monday, Sept. 27, 1993.
 -0- 8/12/93
 /CONTACT: Keith Butterfield, public information of Caterpillar, 309-675-1307/
 (CAT)


CO: Caterpillar Inc. ST: Illinois IN: MAC SU:

WB -- NY019 -- 2049 08/12/93 10:21 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
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