Caterpillar Company Profile Pdf
Total Page：16
File Type：pdf, Size：1020Kb
Caterpillar company profile pdf Continue American Corporation, which sells machines, engines, generators and financial products Caterpillar Inc.TypePublicTraded asNYSE: catdJIAS-P 100 componentS-P 500 componentIndustryHeavy equipmentEnginesFinancialPre servicesdecessorC. L. BestHolt Manufacturing CompanyFaundeda15 April 1925; 95 years ago (1925-04-15)California, U.S.HeadquartersDeerfield, Illinois, U.S.Area servedWorldwideKey peopleJim Umpleby (chairman & CEO)Products Products List D11 Bulldozer345C L Excavator930G Wheel Loader797F Haul TruckC13 Diesel EngineC32 Diesel/Gasoline EngineC280 Diesel/Gasoline Engine Services Services List FinancingInsuranceMaintenanceTraining Revenue US$54.7 billion (2018)[1]Operating income US$8.293 billion (2018)[1]Net income US$6.147 billion (2018)[1]Total assets US$78.509 billion (2018)[1]Total equity US$14.08 billion (2018)[1]Number of employees101,500 (2018)[2]Subsidiaries Subsidiary List Caterpillar Financial ServicesCaterpillar Insurance HoldingsCaterpillar Logistics ServicesCaterpillar Marine Power SystemsFG WilsonPerkins EnginesProgress Rail ServicesSolar Turbines Websitecaterpillar.comFootnotes / references[3][4][5][6] Caterpillar Inc. (often shortened to CAT) is an American Fortune 100 corporation which designs, develops, engineers Manufactures, markets, and sells machines, engines, financial products and insurance to customers through a worldwide dealer network. It is the world's largest manufacturer of construction equipment. In 2018, Caterpillar took first place #65 the Fortune 500 and took first place #238 the Fortune 500 global list. Caterpillar shares are part of the Dow Jones Industrial Average. Caterpillar Inc. was founded by the merger of Holt Manufacturing Company and C. L. Best Tractor Company in 1925, creating a new company, the Californian Caterpillar Tractor Company. In 1986, the company was reorganized as a corporation in Delaware under its current name, headquartered by Caterpillar Inc. Caterpillar in Deerfield, Illinois; in January 2017, it announced that it would move from Peoria, Illinois, to Deerfield, Illinois, in 2015, with plans for a new $800 million headquarters complex in downtown Peoria. The company also licenses and sells a clothing line and work boots called Cat/Caterpillar. Caterpillar equipment is recognizable by its Caterpillar Yellow livery and CAT logo. History HOLT (until 1925) Main article: Holt Manufacturing Company Benjamin Holt, one of the founding fathers of Holt Manufacturing Company. The origins of steam tractors of the 1890s and early 1900s were extremely heavy, sometimes weighing 1,000 pounds (450 kg) on horsepower, and often sank in the land of the San Joaquin Delta Valley surrounding Stockton, California. California. Holt tried to solve this problem by increasing the size and width of the wheels to 7.5 feet (2.3 m) tall and 6 feet (1.8 m) wide, producing a tractor 46 feet (14 m) wide. But it also made tractors increasingly complex, expensive and difficult to maintain. Two Tractor Holt 45 gas scanner teams up to pull a long train carriage in the Mojave Desert during the construction of the Los Angeles Aqueduct in 1909. Another solution was to lay the temporary board road ahead of the steam tractor, but it was laborious, expensive, and hampered excavation work. Holt was thinking about wrapping the boards around the wheels. It replaced the wheels with a 40 horsepower (30 kW) Holt steamer, No.77, with a set of wooden tracks bolted to the chains. On Thanksgiving, November 24, 1904, he successfully tested an updated car, plowing the raw delta of Roberts Island. At the same time, Richard Hornsby and Sons in Grantham, Lincolnshire, England, developed a steel plate-tracking car, which he patented in 1904. This tractor is controlled by differential braking tracks and does not require a front steering steering for steering, making it the first to do so. Several tractors were manufactured and sold for use in the Yukon, one of which was used until 1927, the remains of which have survived to this day. Hornsby found a limited market for their tractor, so they sold their patent to Holt in 1911, the same year Holt was branded Caterpillar. The company's photographer, Charles Clements, reportedly noticed that the tractor was crawling like a caterpillar, and Holt grabbed the metaphor. Caterpillar is so. That's the name for it! Some sources, however, attribute this name to British soldiers who witnessed the hornsby tractor test in July 1907. Two years later, Holt sold his first steam tractor scanner for $5,500, about $128,000 today. Each side featured a frame measured 30 inches (760 mm) high 42 inches (1100 mm) wide and 9 feet (2.7 m) long. The tracks were 3 inches (76 mm) by 4 inches (100 mm) of redwood rake. Holt received the first patent for a practical continuous track for use with a tractor on December 7, 1907, for the improved Traction Engine (improving vehicles, and especially the traction engine class; and included endless mobile support platforms on which the engine is powered). Original establishment in Peoria (1910) and headquarters Move to Deerfield (2017) Postcard featuring the Caterpillar Tractor Co plant in Peoria, period 1930-1945. On February 2, 1910, Holt opened a factory in East Peoria, Illinois, led by his nephew Pliny Holt. There Pliny met farm sales dealer Murray Baker, who knew about the empty plant that was recently built to produce farm ompomp and steam traction Baker, who later became the first executive vice president of vice president about what became Caterpillar Tractor Company, Holt wrote to headquarters in Stockton and described the plant of the bankrupt Colean Manufacturing Co. of East Peoria, Illinois. On October 25, 1909, Pliny Holt acquired the plant and immediately began his activities with 12 employees. Holt included him as Holt Caterpillar, although he did not trademark caterpillar until August 2, 1910. The addition of the plant in the Midwest, despite the hefty capital needed to retool the plant, proved so lucrative that only two years later the company hired 625 people and exported tractors to Argentina, Canada and Mexico. The tractors were built in Stockton and East Peoria. On January 31, 2017, the company announced plans to move its headquarters from Peoria, Illinois, to Deerfield, Illinois, by the end of 2017. The new site at 500 Lake Cook Road is a former site of the Fiatallis factory, which has been producing wheel loaders for years. Used in World War I the first tanks used in WW1 were manufactured by William Foster and Co. also in Lincolnshire and were introduced to the battlefield in 1916. This company collaborated with Hornsby to develop machines demonstrated to the British military in 1907, providing paraffin (kerosene) engines. Holt-type track tractors played an important role in World War I. Even before the U.S. officially entered the First World Axis, Holt supplied 1,200 tractors to England, France and Russia for agricultural purposes. These governments, however, sent tractors directly to the front, where the military put them to work towing artillery and supplies. When the First World War began, the British military ordered Holt's tractor and put it to the test in Aldershot. The military had an impression and chose it as a weapons tractor. Over the next four years, the Holt tractor became the main artillery tractor, mainly used to carry medium-sized guns such as a 6-inch howitzer, a 60-pound howitzer, and then a 9.2-inch howitzer. Holt tractors also inspired the development of a British tank that radically changed ground warfare tactics. Major Ernest Swinton, sent to France as a war correspondent, soon saw the potential of a tractor for laying. Although the British later chose an English firm to build their first tanks, the Holt tractor was one of the most important military vehicles of all time. Caterpillar D2, presented in 1938, at the Serpentine Vintage Tractor Museum, Serpentine, Western Australia. The post-war challenges of Holt tractors became widely known during World War I. Military contracts accounted for the bulk of the company's production. When the war ended, the planned Holt's need to meet the needs of the military was abruptly terminated. The heavy tractors needed by the military were unsuitable for farmers. Farmers. The company's situation deteriorated after the return of artillery tractors from Europe, which reduced the prices of new equipment and unsold stock of Holt's military tractors. The company has struggled with the transition from a military boom to a peaceful bust. To keep the company afloat, they borrowed heavily. C. L. Best Gas Tractor Company, founded by Clarence Leo Best in 1910 and Holt's main competitor, received government support during the war, allowing it to supply farmers with the smaller farm tractors they needed. As a result, Best gained a significant market advantage over Holt by the end of the war. Best has also taken on significant debt to allow it to continue expanding, especially producing its new best model 60 Tracklayer. Both companies have been adversely affected by the shift from wartime to the peacetime economy, contributing to a nationwide depression that has further slowed down sales. On December 5, 1920, Benjamin Holt, 71, died after a month-long illness. Caterpillar formed (1925) the 60-strong Caterpillar Sixty, used for roadworks in the Sibola National Forest, New Mexico, USA in 1931, banks and bankers who held a large debt to the company, forced Holt's board of directors to accept their candidate, Thomas A. Baxter, to replace Benjamin Holt. Initially, Baxter cut large tractors from the company's product line and introduced smaller models focused on the agricultural market. When the Federal Highway Assistance Act of 1921 funded a $1 billion federal highway construction program, Baxter began refocusing the company on road construction equipment. Both companies also faced stiff competition from Fordson. Between 1907 and 1918, Best and Holt spent about $1.5 million on legal costs, fighting each other in a series of lawsuits for breach of contracts, trademarks and patents.