Caterpillar to increase prices in 2010

Caterpillar has filed regulatory forms with the US Securities and Exchange Commission (SEC) saying it will raise equipment prices rise by up to +2% in January 2010.

The documents said Caterpillar will increase prices by between 0% and +2% on most machines worldwide. The price change will be effective from January 2010 and includes adjustments to list prices and merchandising support.

The filing attributed the price change to current industry factors and expected general economic conditions.

Details by product will be released to dealers in the near future, and will vary across geographic regions and products, according to the company.