Caterpillar Company Profile

Caterpillar Inc. is engaged in the manufacturing of industrial gas turbines, diesel-electric locomotives, diesel & natural gas engines, and construction & mining equipment. It was formerly known as Caterpillar Tractor Company Ltd. is a successor company of C. L. Best Tractor Company and Holt Manufacturing Company. The firm’s strategic goals are focused over the superior results, on the team, and generating global leaders.

The firm is headquartered in Peoria, Illinois. The company was founded on April 15, 1925 in California, United States. The firm was incorporated as Caterpillar Tractor Company which is a merged venture of Holt Manufacturing and C.L. Best Gas Tractor. In the year 1986, the company was renamed as Caterpillar, Inc. Today, the company has its 110 manufacturing units worldwide with 51 plants located in U.S. and 59 in other parts of the world. It merchandises in over 200 countries.

The company has over 400 products to its credit in the global market through its dealer network. It is the leading manufacturer of construction and mining equipment. These equipments include excavators, loaders, and tractors, as well as forestry, paving, and tunnelling machinery. Its product portfolio comprise of backhoe loaders, small wheel loaders, small track-type tractors, skid steer loaders, multi-terrain loaders, mini excavators, compact wheel loaders etc. It functions in four major industries namely - Construction, Resource, Power Systems and Financial Products. It provides technology for forestry, energy, transportation, logistics, electronics, mining, financing, construction, and electric power generation. It was formerly known as Caterpillar Tractor Company Ltd. is a successor company of C. L. Best Tractor Company and Holt Manufacturing Company. The firm’s strategic goals are focused over the superior results, on the team, and generating global leaders.

In the financial year 2015, the company started off low with revenue from $14.4 billion to $14.2 billion. Major competitions faced by the company are from Terex Corporation, CNH Global N.V., Deere & Company, Cummins Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., AB Volvo, etc.

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