About Caterpillar Inc. (CAT)

Company Description:

Caterpillar Inc. is a global leader in manufacturing construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy & Transportation, and Financial Products.

Caterpillar was founded on April 15, 1925, by C.L. Best and the Holt Manufacturing Company's successor, the Caterpillar Tractor Co. The company is currently headquartered in Deerfield, Illinois, United States.

Main Product(s):

Caterpillar's main products include a wide range of machinery such as bulldozers, excavators, wheel loaders, diesel engines, and trucks. Additionally, the company provides financing and insurance services to customers and dealers for its equipment.

Short History of Caterpillar Inc:

• 1925 – Caterpillar Tractor Co. was formed from the merger of Holt Manufacturing Company and C.L. Best Tractor Co.
• 1931 – Caterpillar introduced the first diesel tractor model.
• 1950 – The company expanded internationally with a manufacturing plant in the United Kingdom.
• 1986 – Caterpillar survived a long strike, leading to significant direct sales to customers.
• 1990 – Introduction of the Caterpillar Production System, a lean manufacturing process.
• 2000s – The company diversified into mining equipment with acquisitions.
• 2017 – Caterpillar moved its headquarters to Deerfield, Illinois.
• 2023 – Continues to focus on sustainable products and the integration of smart technology into its machinery.