August Business News: American Augers, Godwin Pumps, Caterpillar and more

August 2009 Vol. 64 No. 8

Cunningham comes to American Augers from Astec Underground, which he joined in 2005. In addition to his responsibilities with the American Augers and American Directional Drill brands, Cunningham will continue to represent the Astec Underground manufactured line of Trencor products and the EarthPro Geothermal drilling equipment.

Cunningham’s sales territory will include: Connecticut, Illinois (South of I-80), Indiana, Kentucky, Maine, Massachusetts, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Tennessee, Vermont, and West Virginia

Cunningham began his sales career in 1993 where he held various sales, training, and field positions with the Tennessee Farmers CO-OP until 1999. He followed those positions with roles as a sales and marketing manager for Dale Carnegie Training and as a sales consultant for Mercedes Benz USA. 865.607.0455, ccunningham@astecunderground.com.

Godwin Pumps
Godwin Pumps, a worldwide manufacturer and supplier of the Dri-Prime automatic self-priming pump, has been recognized by The Philadelphia Business Journal and the Rowan University — Rohrer College of Business as one of the “25 Fastest Growing Private Companies in South Jersey.”

With a 31.14 percent increase in revenue from 2006 to 2008, Godwin Pumps ranked No. 23 and was the largest company on the list in both employee size and annual revenue.

“I am proud of our growth, not just in the past three years, but over the past 33 years,” said John Paz, Godwin Pumps president. “We built Godwin Pumps here in South Jersey from a group of about 10 core people for a period of several years to a worldwide company with nearly 700 employees and over 400 distributor locations worldwide. My goal is and remains to sustain our growth in the years to come — despite the economic outlook — through swift and smart decisions.” 856.467.3636, www.godwinpumps.com

Caterpillar
The downturn in the global economy could cut Caterpillar’s sales and revenue by more than 30 percent in 2009, but the company told stockholders at its annual shareholder’s meeting in Chicago that the goal of $100 billion in annual sales and revenue by 2020 is still possible.

James Owens, Caterpillar’s chairman and CEO, said that there is an “80 percent chance that in the next five years, we’ll be over $50 billion,” which would bring Caterpillar back to its reported $51.3 billion in sales and revenue in 2008.