Caterpillar halts operations at certain facilities, withdraws 2020 outlook

Caterpillar halts operations at certain facilities, withdraws 2020 outlook

Construction and mining equipment maker Caterpillar Inc said on Thursday it was suspending operations at certain facilities and withdrawing its 2020 outlook as the coronavirus pandemic saps demand for its equipment.

The company logo for Caterpillar Inc. is displayed on a screen at the NYSE in New York
FILE PHOTO: The company logo for Caterpillar Inc. is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 17, 2019. REUTERS/Brendan McDermid

REUTERS: Construction and mining equipment maker Caterpillar Inc said on Thursday it was suspending operations at certain facilities and withdrawing its 2020 outlook as the coronavirus pandemic saps demand for its equipment.

(Reporting by Rachit Vats in Bengaluru; Editing by Vinay Dwivedi)

Source: Reuters

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