Profile: Caterpillar Inc (CAT)
21 Feb 2017
Caterpillar Inc. (Caterpillar), incorporated on March 12, 1986, is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The Company operates through its three product segments: Resource Industries, Construction Industries, and Energy & Transportation. The Company also provides financing and related services through its Financial Products segment. The Company offers its products under the brand names Caterpillar, CAT, design versions of CAT and Caterpillar, Electro-Motive, FG Wilson, MaK, MWM, Perkins, Progress Rail, SEM and Solar Turbines. The Company operates parts distribution centers at various locations, including Morton, Illinois; Mossville, Illinois; Arvin, California; Denver, Colorado; Miami, Florida; Atlanta, Georgia; St. Paul, Minnesota; Southaven, Mississippi; Clayton, Ohio; Houston, Pennsylvania; York, Pennsylvania; Waco, Texas; Van Alstyne, Texas; Duffield, Virginia; Spokane, Washington; Melbourne, Australia; Stapylton, Australia; Queensland, Australia; Grimbergen, Belgium; Piracicaba, Brazil; Shanghai, China; Dortmund, Germany; Lunen, Germany; San Luis Potosi, Mexico; Singapore, Republic of Singapore; Moscow, Russia; Johannesburg, South Africa, and Dubai, United Arab Emirates.
The Company's Construction Industries segment provides machinery for infrastructure and building construction applications. The Construction Industries segment sells machines to heavy construction, general construction, rental, mining, and quarry and aggregates markets. The Construction Industries segment's product portfolio includes various machines and related parts, such as backhoe loaders, compact wheel loaders, small track-type tractors, small wheel loaders, track-type loaders, medium track-type tractors, skid steer loaders, mini excavators, select work tools, multi-terrain loaders, small, medium and large track excavators, motor graders, medium wheel loaders, wheel excavators, telehandlers, compact track loaders, pipe layers and mid-tier soil compactors.
The Company competes with Komatsu Ltd., Volvo Group, CNH Industrial N.V., Deere & Company, Hitachi Construction Machinery Co. Ltd., J.C. Bamford Excavators Ltd., Doosan Infracore Co. Ltd., Hyundai Heavy Industries, Guangxi LiuGong Machinery Co. Ltd., Longking Holdings Ltd., Sany Heavy Industry Co. Ltd., Xiamen XGMA Machinery Co. Ltd., XCMG Group, The Shandong Heavy Industry Group Co., Ltd. and Strong Construction Machinery Co. Ltd.
The Company's Resource Industries segment offers machinery for mine and quarry applications. The Resource Industries segment's product portfolio includes machines and related parts, such as electric rope shovels, large track-type tractors, wheel tractor scrapers, draglines, large mining trucks, wheel dozers, hydraulic shovels, longwall miners, machinery components, track and rotary drills, large wheel loaders, electronics and control systems, highwall miners, off-highway trucks, hard rock vehicles, articulated trucks, hard rock continuous mining systems, continuous miners, and scoops and haulers.
The Company competes with Komatsu Ltd., Joy Global, Inc., Hitachi Construction Machinery Co., Ltd., Volvo Construction Equipment, Atlas Copco AB, Joy Global, Inc., Sandvik Mining and Zhengzhou Coal Mining Machinery Group Co., Ltd.
Energy & Transportation
The Company's Energy & Transportation segment offers reciprocating engines, generator sets, marine propulsion systems, gas turbines and turbine-related services, diesel-electric locomotives and other rail-related products and services. It offers products for a range of industries, such as oil and gas, power generation, marine and industrial applications, including Cat machines. The Energy & Transportation segment's product portfolio includes reciprocating engine powered generator sets; reciprocating engines supplied to the industrial industry, as well as Caterpillar machinery; integrated systems used in the electric power generation industry; turbines, centrifugal gas compressors and related services; reciprocating engines and integrated systems and solutions for the marine and oil and gas industries, and diesel-electric locomotives and components, and other rail-related products and services.
The Company competes with Cummins Inc., Rolls-Royce Power System AG, GE Oil & Gas, GE Power & Water, Deutz AG, Wartsila Corp, MAN Diesel & Turbo SE, Siemens Energy, Rolls-Royce Marine, Mitsubishi Heavy Industries Ltd., Volvo Penta, Weichai Power Co., Ltd., Kirloskar Oil Engines Limited, Generac Power Systems, Inc., Kohler Co., Aggreko plc, GE Transportation, Vossloh AG, Siemens Akteingesellschaft, Alstom Transport SA and Voestalpine AG.
Financial Products Segment
The Company's Financial Products segment conducts its business through Caterpillar Financial Services Corporation (Cat Financial), a subsidiary of Caterpillar. Cat Financial's business is to provide retail and wholesale financing alternatives for Caterpillar products. Its retail financing consists of financing of Caterpillar equipment, machinery and engines. Cat Financial also provides financing for vehicles, power generation facilities and marine vessels. In addition to retail financing, Cat Financial provides wholesale financing to Caterpillar dealers and purchases short-term trade receivables from Caterpillar and its subsidiaries. Cat Financial has operations in North America and has offices and subsidiaries in Asia/Pacific, Europe and Latin America.
The Company competes with Wells Fargo Equipment Finance Inc., General Electric Capital Corporation, Volvo Financial Services, Komatsu Financial L.P. and John Deere Capital Corporation.
100 NE ADAMS ST
PEORIA IL 61629
Company Web Links
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- Caterpillar to move global headquarters to Chicago area
- UPDATE 2-Caterpillar to move global headquarters to Chicago area