Caterpillar, Inc.
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| Public | |
| Traded as | |
| Industry |
Heavy equipment Engines Financial services |
| Predecessor |
C. L. Best Holt Manufacturing Company |
| Founded | April 15, 1925 California, U.S. |
| Headquarters | Peoria, Illinois, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Jim Umpleby (Chairman and CEO) |
| Products | |
| Services |
Services List
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| Revenue |
 US$38.537 billion (2016) |
|
US$498 million (2016) |
|
|
US$-67 million (2016) |
|
| Total assets |
US$74.704 billion (2016) |
| Total equity |
US$13.213 billion (2016) |
|
Number of employees
|
95,400 (2016) |
| Subsidiaries |
Subsidiary List
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| Website | www |
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Footnotes / references |
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Caterpillar Inc. (: CAT) is an American corporation which designs, develops, engineers, manufactures, markets and sells machinery, engines, financial products and insurance to customers via a worldwide dealer network. Caterpillar is a leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. With more than US$89 billion in assets, Caterpillar was ranked number one in its industry and number 44 overall in the 2009 Fortune 500. In 2016 Caterpillar was ranked #59 on the Fortune 500 list and #194 on the Global Fortune 500 list. Caterpillar is a component of the Dow Jones Industrial Average.
Caterpillar Inc. traces its origins to the 1925 merger of the Holt Manufacturing Company and the C. L. Best Tractor Company, creating a new entity, the California-based Caterpillar Tractor Company. In 1986, the company re-organized itself as a Delaware corporation under the current name, Caterpillar Inc. Caterpillar's headquarters are located in Peoria, Illinois; it announced in January 2017 that over the course of that year it would relocate its headquarters to Chicago.
The company also licenses and markets a line of clothing and workwear boots under its Cat / Caterpillar name. Caterpillar machinery is recognizable by its trademark "Caterpillar Yellow" livery and the "CAT" logo.
The steam tractors of the 1890s and early 1900s were extremely heavy, sometimes weighing 1,000 pounds (450 kg) per horsepower, and often sank into the rich, soft earth of the San Joaquin Valley Delta farmland surrounding . Benjamin Holt attempted to fix the problem by increasing the size and width of the wheels up to 7.5 feet (2.3 m) tall and 6 feet (1.8 m) wide, producing a tractor 46 feet (14 m) wide. But this also made the tractors increasingly complex, expensive and difficult to maintain.
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Wikipedia