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Caterpillar
Caterpillar

-8.63%

Machinery & equipment / Heavy equipment manufacturing and construction

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

Caterpillar Inc. is an American multinational corporation headquartered in Deerfield, Illinois. It is the world's largest construction equipment manufacturer and also a leading supplier of diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company was originally formed in 1925 through the merger of the Holt Manufacturing Company and the C. L. Best Tractor Company, but the Caterpillar name didn't officially appear until 1986.
Caterpillar has a wide range of products used in various industries, including construction, mining, agriculture, oil and gas, transportation, and more. Some of their popular products include construction and mining equipment such as bulldozers and excavators, diesel and natural gas engines for industrial and marine applications, and more recently, electric and autonomous machinery.
The company has a global presence, with over 500 locations in over 180 countries and territories. It employs over 110,000 people worldwide and is consistently ranked as one of the top companies in its industry.
In addition to its products, Caterpillar is also known for its commitment to sustainability and corporate social responsibility. The company is involved in various philanthropic efforts, including disaster relief and community development projects, as well as implementing sustainable practices in its operations.
Caterpillar has a strong reputation for producing high-quality, durable machinery and has become a trusted brand among its customers. It continues to innovate and adapt to changing market demands, making it a leader in the construction and industrial equipment industry.

What is special about the company?

There are several things that make Caterpillar a unique and special company:
1. Longevity: Caterpillar is one of the oldest companies in the United States, having been founded in 1925. It has survived and thrived through economic downturns, wars, and other challenges, making it a symbol of stability and endurance.
2. Reputation for quality: Caterpillar is known for producing high-quality, reliable equipment that can withstand heavy use and work in challenging conditions. This has earned the company a loyal customer base and a strong reputation in the industry.
3. Global reach: Caterpillar has a presence in over 190 countries, making it one of the most globally recognized brands. Its extensive network of dealers and distributors allows it to reach customers all over the world.
4. Innovativeness: Caterpillar has a long history of innovation, constantly adapting and developing new technology and products to meet the changing needs of its customers. This has helped the company stay ahead of its competitors and remain a leader in the industry.
5. Commitment to sustainability: Caterpillar has a strong commitment to environmental sustainability and social responsibility. The company has set ambitious goals to reduce its environmental impact and has implemented numerous initiatives to improve the communities in which it operates.
6. Strong company culture: Caterpillar has a unique company culture that values teamwork, diversity, and inclusivity. The company invests in its employees' professional development and encourages a collaborative and supportive work environment.

What the company's business model?

The Caterpillar company specializes in designing, manufacturing, marketing, and selling construction, mining, agricultural, and forestry machinery, engines, and financial services. Their business model focuses on delivering innovative and high-quality products and services to their customers while also reducing environmental impact and increasing sustainability. They have a global presence and work closely with dealers and partners to meet the evolving needs of their customers in various industries. Additionally, the company has a strong commitment to corporate social responsibility and invests in community development projects, employee development, and environmental conservation efforts.

Interesting facts about the company

1. The Caterpillar company was founded in 1925 when two rival companies, Holt Manufacturing Company and C. L. Best Tractor Co., merged to form Caterpillar Tractor Co.
2. The company’s name was inspired by a comment made by a photographer during a photoshoot of one of the company’s tractors. He noted that the tracks on the tractor resembled a caterpillar crawling.
3. The iconic Caterpillar logo with the yellow background and black lettering was first used in 1931 and has remained largely unchanged since then.
4. Caterpillar is the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines.
5. The company has a global presence, with offices and facilities in over 180 countries, and is one of the 30 companies that make up the Dow Jones Industrial Average.
6. Caterpillar employs over 114,000 people worldwide, making it one of the largest employers in the manufacturing industry.
7. The company has a strong commitment to sustainability and has been recognized for its efforts in reducing its carbon footprint and promoting environmentally responsible practices.
8. Caterpillar has a long history of innovation and has been granted over 60,000 patents since its inception.
9. The company is involved in several philanthropic initiatives, focusing on education, disaster relief, and building strong communities.
10. In addition to its core business, Caterpillar also has a line of branded merchandise, including clothing, toys, and accessories, which are sold in over 1,500 outlets worldwide.

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