WesTrac: Difference between revisions

WesTrac
Industry	Heavy Equipment, Construction, Mining, Building
Founded	1990
Headquarters	South Guildford, Western Australia
Number of locations	31
Area served	Western Australia; New South Wales; Australian Capital Territory
Key people	Jarvas Croome (CEO - WA); Adrian Howard (Chief Executive - NSW/ACT);
Products	Caterpillar Equipment Dealer
Revenue	$2.452 billion (FY2018) - 11% Increase YOY
Owner	Seven Group Holdings
Number of employees	3,500
Website	www.westrac.com.au

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WesTrac is a Caterpillar dealer. It was owned by Australian Capital Equity, which in turn was owned by Kerry Stokes.^[1]^[2] In 2010 it and Seven Network Limited merged to form Seven Group Holdings.^[3]

Headquarters

WesTrac is based in South Guildford, Western Australia, and is the Caterpillar dealer for Western Australia, New South Wales, Australian Capital Territory .^[1]^[2] Until 1989, the Caterpillar dealership in Western Australia was known as Wigmores, which was also bought by Australian Capital Equity in 1988 and renamed as WesTrac.^[4]

A new New South Wales Operational Headquarters in Tomago was opened in 2012.^[4]

Business

It supplies Caterpillar mining trucks to BHP, Rio Tinto^[5] and other numerous mining companies, as well as Caterpillar engines for power generation and marine transport.

History

Caterpillar began operating in Western Australia in 1925 with a dealership being opened at the South Guildford premises in 1950. Known as Wigmores the dealership was renamed as Morgans in 1989 and then WesTrac in 1990.^[4]

The company had over 3,000 employees in 2009 and was the biggest employer of apprentices outside of government.^[6]

Since 2000, WesTrac has opened dealerships across China, and is one of the largest suppliers of Caterpillar products in the world.^[7]

In 2006, WesTrac closed its agricultural dealerships in Australia, resulting from a decision by Caterpillar to cease production of agricultural equipment.^[8] Customers of Westrac were concerned that their warranties would not be honoured.

On 22 February 2010, it was announced that WesTrac would merge with Seven West Media to form Seven Network Limited, which is 70% owned by Kerry Stokes.

On 30 August 2012, WesTrac officially opened its $170m branch at Tomago (NSW), which is known as the Newcastle branch. This branch is the headquarters for WesTrac NSW.

In mid-2018, WesTrac opened a new 24,000sqm branch at the Crossroads Logistics Centre located in Casula, Sydney (NSW). This branch services Sydney customers and replaced their old branch at Holroyd. The Casula branch began operations on 16 July 2018. It has a 1,500sqm warehouse with a cutting-edge automated inventory system and a drive-through bay for easy parts pick-up.

References

^ ^a ^b "WesTrac Profile". Local Government Managers Australia. 4 July 2008. Archived from the original on 22 July 2008. Retrieved 20 June 2008.
^ ^a ^b Spears, Lee (5 June 2008). "Caterpillar May Sell Generators to Chinese Methane Power Plant". Bloomberg L.P. Retrieved 4 July 2008.
^ "WesTrac". Seven Group Holdings. 2013. Retrieved 19 December 2013.
^ ^a ^b ^c "WesTrac - Historical Timeline". WesTrac. 2013. Retrieved 19 December 2013.
^ "BNET.com - Engineering and Mining Journal - Caterpillar, Rio Tinto Reach Technology Agreement". Engineering and Mining Journal. 2007. Retrieved 8 August 2008.
^ "Westtrac Company Profile". 2008. Archived from the original on 5 August 2008. Retrieved 8 August 2008.
^ "Forbes Online - China Cat". 2008. Retrieved 8 August 2008.^{[dead link‍]}
^ "ABC News - Farmer woes as WesTrac closes its doors". Australian Broadcasting Corporation. 2006. Retrieved 8 August 2008.

External links

Official website

[lgmawa-1] "WesTrac Profile". Local Government Managers Australia. 4 July 2008. Archived from the original on 22 July 2008. Retrieved 20 June 2008.

[bloomberg-methane-2] Spears, Lee (5 June 2008). "Caterpillar May Sell Generators to Chinese Methane Power Plant". Bloomberg L.P. Retrieved 4 July 2008.

[SGH-3] "WesTrac". Seven Group Holdings. 2013. Retrieved 19 December 2013.

[WT-4] "WesTrac - Historical Timeline". WesTrac. 2013. Retrieved 19 December 2013.

[5] "BNET.com - Engineering and Mining Journal - Caterpillar, Rio Tinto Reach Technology Agreement". Engineering and Mining Journal. 2007. Retrieved 8 August 2008.

[6] "Westtrac Company Profile". 2008. Archived from the original on 5 August 2008. Retrieved 8 August 2008.

[7] "Forbes Online - China Cat". 2008. Retrieved 8 August 2008.^{[dead link‍]}

[8] "ABC News - Farmer woes as WesTrac closes its doors". Australian Broadcasting Corporation. 2006. Retrieved 8 August 2008.

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@@ Line 1: / Line 1: @@
+{{Short description|Company based in Perth, Western Australia}}
-'''WesTrac (WesTrac Pty Ltd)''' is the licensed [[Caterpillar_Inc.|Caterpillar]] dealer for Western Australia, New South Wales, Australian Capital Territory and northern China.
+{{Use dmy dates|date=July 2019}}
+{{Infobox company
+| name = WesTrac
+| logo = RGBWTLogowithkeyline (2).jpg
+| type =
+| traded_as =
+| foundation = 1990
+| founder =
+| location_city = [[South Guildford, Western Australia]]
+| location_country =
+| locations = 31
+| area_served = [[Western Australia]]<br>[[New South Wales]]<br>[[Australian Capital Territory]]
+| key_people = {{Unbulleted list|Jarvas Croome (CEO - WA)|Adrian Howard (Chief Executive - NSW/ACT)}}
+| industry = [[Heavy Equipment]], [[Construction]], [[Mining]], [[Building]]
+| products = [[Caterpillar Inc|Caterpillar]] Equipment Dealer
+| services =
+| revenue = $2.452 billion (FY2018) - 11% Increase YOY
+| operating_income =
+| net_income =
+| num_employees = 3,500
+| divisions =
+| subsid =
+| owner = [[Seven Group Holdings]]
+| homepage = [http://www.westrac.com.au/Pages/default.aspx www.westrac.com.au]
+}}
+'''WesTrac''' is a [[Caterpillar Inc|Caterpillar]] dealer. It was owned by Australian Capital Equity, which in turn was owned by [[Kerry Stokes]].<ref name="lgmawa">{{cite web
-Caterpillar is the leading global construction and mining equipment provider and WesTrac is one of Caterpillar’s top five (by sales value) dealers globally (out of 182 dealers).<br /><br />
+| url = http://www.lgmawa.org.au/2-events/state-conf2005/sponsors_profile/westrac-profile-set.html | title = WesTrac Profile
+| publisher = Local Government Managers Australia
+| access-date = 20 June 2008
+| date = 4 July 2008
+|archive-url = https://web.archive.org/web/20080722071935/http://www.lgmawa.org.au/2-events/state-conf2005/sponsors_profile/westrac-profile-set.html <!-- Bot retrieved archive --> |archive-date = 22 July 2008}}</ref><ref name="bloomberg-methane">{{cite web
+| url = https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1XngmFMvT94
+| title = Caterpillar May Sell Generators to Chinese Methane Power Plant
+| last = Spears
+| first = Lee
+| publisher = [[Bloomberg L.P.]]
+| date = 5 June 2008
+| access-date = 4 July 2008
+}}</ref> In 2010 it and Seven Network Limited merged to form [[Seven Group Holdings]].<ref name=SGH>{{cite web|url=http://www.sevengroup.com.au/our-investments/westrac|title=WesTrac|year=2013|access-date=19 December 2013|publisher=Seven Group Holdings}}</ref>
+==Headquarters==
-'''Ownership''' <br />
+WesTrac is based in [[South Guildford, Western Australia]], and is the Caterpillar dealer for [[Western Australia]], [[New South Wales]], [[Australian Capital Territory]] .<ref name="lgmawa"/><ref name="bloomberg-methane"/> Until 1989, the Caterpillar dealership in Western Australia was known as Wigmores, which was also bought by Australian Capital Equity in 1988 and renamed as WesTrac.<ref name=WT>{{cite web|url=http://www.westrac.com.au/Company_Profile/Pages/Historical_Timeline.aspx|title=WesTrac - Historical Timeline|year=2013|access-date=19 December 2013|publisher=WesTrac}}</ref>
+A new New South Wales Operational Headquarters in [[Tomago]] was opened in 2012.<ref name=WT/>
-WesTrac is owned by [[Seven Group Holdings]] limited (ASX stock code SVW) which is a diversified operating and investment group, with interests in industrial services, comprising heavy equipment sales and services and equipment hire; media and broadcasting; and investments. SVW is domiciled in Australia and operates predominantly in two countries, Australia and China. SVW’s majority shareholder is ACE Group Entities (incorporating KM Stokes and associates).<br /><br />
+==Business==
-In 2012 Seven Group Holdings operations in industrial services delivered approximately 80 per cent of the company’s earnings before interest and taxation. These earnings were predominately underpinned by WesTrac’s record total revenue and other income of $3,536.1 million.<br /><br />
+It supplies [[Caterpillar Inc.|Caterpillar]] mining trucks to [[BHP]], [[Rio Tinto Group|Rio Tinto]]<ref>{{cite news|url=http://findarticles.com/p/articles/mi_qa5382/is_200711/ai_n21300291|title=BNET.com - Engineering and Mining Journal - Caterpillar, Rio Tinto Reach Technology Agreement|year=2007|access-date=8 August 2008 | work=Engineering and Mining Journal}}</ref> and other numerous mining companies, as well as Caterpillar engines for power generation and marine transport.
+==History==
-'''Headquarters''' <br />
+[[Caterpillar Inc|Caterpillar]] began operating in Western Australia in 1925 with a dealership being opened at the South Guildford premises in 1950. Known as Wigmores the dealership was renamed as Morgans in 1989 and then WesTrac in 1990.<ref name=WT/>
-WesTrac’s head office is based in South Guildford, Western Australia but the company also maintains a New South Wales operational headquarters in Tomago, just outside of Newcastle.<br /><br />
+The company had over 3,000 employees in 2009 and was the biggest employer of apprentices outside of government.<ref>{{cite web|url=http://www.westrac.com.au/company_profile/Pages/Company_Profile.aspx|title=Westtrac Company Profile|year=2008|access-date=8 August 2008|archive-url = https://web.archive.org/web/20080805013834/http://www.westrac.com.au/company_profile/Pages/Company_Profile.aspx <!-- Bot retrieved archive --> |archive-date = 5 August 2008}}</ref>
-'''History''' <br />
-Prior to being purchased by ACE (a privately owned Stokes family company) in 1989 and renamed WesTrac in 1990, the Caterpillar dealership in Western Australia was known as Wigmores. Wigmores had been operating in Western Australia since 1925.<br /><br />
+Since 2000, WesTrac has opened dealerships across China, and is one of the largest suppliers of Caterpillar products in the world.<ref>{{cite news|url=https://www.forbes.com/business/global/2008/0407/034.html|title=Forbes Online - China Cat|year=2008|access-date=8 August 2008}}{{dead link|date=January 2022|bot=medic}}{{cbignore|bot=medic}} </ref>
-After 10 successful years of running the WA dealership, WesTrac was awarded China’s north eastern dealerships in 1999 and WesTrac China was established a year later. In 2002 the company expanded its Chinese operations and was awarded China’s Shanxi province dealership. In 2003 WesTrac was then awarded the NSW/ACT dealership.<br /><br />
-In 2006, WesTrac closed its agricultural dealerships in Australia, resulting from a decision by Caterpillar to cease production of agricultural equipment.[6] Customers of Westrac were concerned that their warranties would not be honoured.<br /><br />
+In 2006, WesTrac closed its agricultural dealerships in Australia, resulting from a decision by Caterpillar to cease production of agricultural equipment.<ref>{{cite web|url=http://www.abc.net.au/rural/wa/content/2006/s1665046.htm|title=ABC News - Farmer woes as WesTrac closes its doors|website=[[Australian Broadcasting Corporation]] |year=2006|access-date=8 August 2008}}</ref> Customers of Westrac were concerned that their warranties would not be honoured.
-On 22 February 2010, it was announced that WesTrac would be merged with Seven Network Limited. Kerry Stokes, who owned 49 per cent of Seven and all of WesTrac at that time, emerged with a 68 per cent stake in the combined company, which was to be called Seven Group Holdings. The merger was valued at $3bn.<br /><br />
+On 22 February 2010, it was announced that WesTrac would merge with [[Seven West Media]] to form [[Seven Group Holdings|Seven Network Limited]], which is 70% owned by Kerry Stokes.
-On 1 June 2012, WesTrac successfully completed the acquisition of the Bucyrus distribution and support business in Western Australia, New South Wales and the Australian Capital Territory from Caterpillar. The transaction valued at US$400 million further strengthened WesTrac’s leadership in the supply and service of heavy equipment to the mining sector. The business has been successfully integrated into WesTrac’s management structure and now trades as WesTrac Expanded Mining Products (EMP).<br /><br />
-On 30 August 2012, WesTrac officially opened its multimillion-dollar NSW operational headquarters located on WesTrac Drive, Tomago.<br /><br />
-Over the course of 2013 WesTrac was forced to make approximately 1000 employees redundant as the business adjusted its operating model to suite changing market conditions.<br /><br />
-'''Products and Services''' <br />
-WesTrac provides customers with a wide array of machinery and construction equipment as well as a comprehensive whole-of-life management solution designed to make owning and operating equipment as easy, profitable and safe as possible – from selection and finance through to maintenance and resale. WesTrac sells a huge range of equipment including:<br /><br />
-*Articulated Trucks
-*Asphalt Pavers
-*Backhoe Loaders
-*Cold Planers
-*Compact Track and Multi Terrain Loaders
-*Compactors
-*Draglines
-*Drills
-*Electric Rope Shovels
-*Feller Bunchers
-*Forest Machines
-*Forwarders
-*Harvesters
-*Highwall Miners
-*Hydraulic Excavators
-*Hydraulic Mining Shovels
-*Knuckleboom Loaders
-*Material Handlers
-*Motor Graders
-*Off-Highway Trucks
-*Pipelayers
-*Road Reclaimers
-*Skid Steer Loaders
-*Skidders
-*Surface Mining – Belt Systems
-*Telehandlers
-*Track Loaders
-*Track-Type Tractors
-*Underground – Hard Rock
-*Underground – Longwall
-*Underground – Room & Pillar
-*Underground Mining – Belt Systems
-*Wheel Dozers
-*Wheel Excavators
-*Wheel Loaders
-*Wheel Tractor-Scrapers<br /><br />
-They also provide after sales service and support to their customers who predominately come from the Building Construction, Commercial Engines, Forestry, Heavy Construction Equipment, Earthmoving, Industrial, Local Government, Mining Equipment, Highway Trucks, Quarry and Aggregates industries.<br /><br />
-WesTrac supplies Caterpillar mining trucks to large customers like BHP, Rio Tinto, Peabody, Whitehaven Coal and other large mining companies, as well as smaller building construction equipment to builder and landscapers. They also supply Caterpillar engines for power generation and marine transport and sell Cat on-highway trucks.<br />
+On 30 August 2012, WesTrac officially opened its $170m branch at Tomago (NSW), which is known as the Newcastle branch. This branch is the headquarters for WesTrac NSW.
+In mid-2018, WesTrac opened a new 24,000sqm branch at the Crossroads Logistics Centre located in Casula, Sydney (NSW). This branch services Sydney customers and replaced their old branch at Holroyd. The Casula branch began operations on 16 July 2018. It has a 1,500sqm warehouse with a cutting-edge automated inventory system and a drive-through bay for easy parts pick-up.
 ==References==
@@ Line 79: / Line 70: @@
 * {{Official website|http://www.westrac.com.au/}}
+{{Caterpillar}}
 [[Category:Companies based in Perth, Western Australia]]
 [[Category:Caterpillar Inc.]]
+[[Category:Seven Network]]
-{{Australia-company-stub}}