CALGARY - The CANADIAN AMERICAN BUSINESS COUNCIL gave an award of merit to SYNCRUDE, CATERPILLAR and FINNING (CANADA) for their collaborative work to develop technologically advanced mining equipment for use by the oil sands industry. The council made the award at a luncheon on Nov. 8.
Notable examples of the collaborators' innovative work include significant contributions toward the development of Caterpillar's 400-ton, 797B off-highway truck, the largest mining truck in the world. In addition, numerous projects enhancing and improving Caterpillar products have resulted in significant reductions in operating costs for Syncrude as well as dramatic increases in productivity in the oil sands region.
A panel of international judges conferred the prestigious award based on such standards as job creation, financial strength, environmental responsibility, corporate synergy, exceptional imagination and remarkable innovation. These awards, now in their 11th year, recognize and promote the positive contributions of innovative cross-border business partnerships.
Other awards made by the Canadian American Business Council may be found at www.CanAmBusCo.org.
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