Caterpillar Inc.: A Diversified Multinational Company
Caterpillar, Inc.(CAT), headquartered in Peoria, Illinois, United States, is the world’s leading manufacturer of industrial equipment. The company has five main lines of business: Construction Industries, Resource Industries, Power Systems, Financial Products, and All Others. Caterpillar is a prime mover in construction and mining, diesel and natural gas engines and industrial gas turbines and diesel electric locomotives.The company has 51 manufacturing plants in the United States and 59 overseas from Canada, to Europe, South Africa, Russia, and China.
The company has long been a bellwether of national and global economic strength and a main player in global industrialization, most notably recently in emerging markets. When Caterpillar is going strong, ears perk up and investors take note, not only in the US, but on every continent where its legendary dealer network has been built up over decades.
Caterpillar also manufacturer tractors, trucks, loaders, excavators, graters, scrapers, and heavy machines used in industries including agriculture and construction as well as mining, logging and industrial warehousing.
Finally, Caterpillar, over the past three decades, has diversified into financial products and services, leveraging their network to offer financing of the purchase, leasing and insuring of its products. The company’s Financial Products Segment is made up of CAT Financial and Caterpillar Insurance Holdings, Inc.
Caterpillar’s current market cap is $62 billion and the company has recently experienced some of the best quarters on record.
Of course, the company has seen its share of trying times, for example, stiff competition from Komatsu in the 1980’s nearly put it out of business. But the leadership at Caterpillar rose to the occasion and has continued meeting challenges related to the ebbs and flows of economic demand, changing technology, complications from geopolitical tensions and ever present strong competition. Management has also acquired many companies to improve its portfolio while selling off assets that no longer fit its mission.
Caterpillar’s employees enjoy excellent benefits including life insurance, tuition reimbursement, stock options, relocation expenses and a positive and casual work environment.
Caterpillar’s Vision & Mission Statement
Caterpillar’s Mission Statement, available here, is reflected in the following goals for operations and stewardship to 2020
2020 GOALS FOR OPERATIONS
- Design all new facility construction to meet Leadership in Energy and Environmental Design (LEED) or comparable green building criteria
- Reduce energy intensity by 50 percent.
- Reduce greenhouse gas emissions intensity by 50 percent.
- Use alternative / renewable sources to meet 20 percent of our energy needs
- Reduce water consumption intensity by 50 percent.
- Reduce by-product materials intensity by 50 percent.
- Reduce recordable workplace injury rates to 0.6 and lost-time case rate due to injury to 0.15
2020 GOALS FOR PRODUCT STEWARDSHIP
- Leverage technology and innovation to improve sustainability of our products, services and solutions for our customers.
- Increase managed fleet hours by 100 percent.
- Increase remanufactured and rebuild business revenues by 20 percent.
- Provide leadership in the safety of people in, on and around our products
The following video is titled: “This is Caterpillar::
The following is an infographic on Caterpillar, Inc.’s financials, business model and geographic breakdown.
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