Finning International is looking to sell non-core assets as it seeks to meet a target of $60 million in savings by 2006, company officials said last week.
“Our focus is clearly on the costs,” said CEO Doug Whitehead. Whitehead told a conference call that the company is looking at its pension plans and possible outsourcing options, as well as its previously announced decision to sell its stake in electricity producer Maxim Power Corp.
Vancouver-based Finning is the Caterpillar dealer for Western Canada, the United Kingdom, Argentina, Bolivia, Chile and Uruguay. It is No. 16 on the RER 100.
