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Headquarters: Website: http://www.cat.com Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. Caterpillar products and components are manufactured in 49 U.S. facilities and in 59 other locations in 22 countries around the globe. The company practices Six Sigma philosophy for quality. Caterpillar sells its products through a global dealer network. Rental services are available at 1,400 outlets worldwide. In 2011, the company reported record sales of $60.13 billion, a 41% increase from the previous year, and net income of $4.92 billion. “Our strategy is squarely focused on customers, and in 2011 our employees, suppliers and dealers delivered. We improved product quality, invested significantly in manufacturing capacity and product development, and improved our market position. We completed two large acquisitions—Bucyrus and Motoren- Werke Mannheim Holding GmbH (MWM)—in important growth industries that are a great strategic fit and provide our customers an even broader range of products,” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman. “The 2011 increase in sales and revenues was the largest percentage increase in any year since 1947, and much of it was driven by demand for Caterpillar products and services outside of the United States. As a result, 2011 was a record-breaking year for U.S. exports at nearly $20 billion, which supported thousands of jobs in the United States, demonstrating the tangible benefits of free trade. Sales and export growth creates jobs, both in the United States and around the world. Not including acquisitions, our global workforce grew by more than 14,000 in 2011, and since the start of 2010, we have increased our workforce by more than 33,000, with more than 14,000 of those jobs in the United States,” Oberhelman added. Caterpillar worldwide full-time employment was 125,099 at the end of 2011 compared with 104,490 at the end of 2010, an increase of 20,609 full-time employees. In addition, the flexible workforce increased by 5,818 for a total increase in the global workforce of 26,427. History 1890. Benjamin Holt and Daniel Best experimented with various forms of steam tractors for use in farming. They did so separately, with separate companies. 1986. The Caterpillar Tractor Co. changes its name to Caterpillar Inc. - a more accurate reflection of the enterprise's growing diversity. Caterpillar made acquisitions of EMD, MWM and Bucyrus in 2010. Benefits The company offers the following benefits to employees in addition to incentive pay: 100% Matching on 401(k) contributions. Caterpillar offers a dollar for dollar match up to 6% of pay contributed to the 401(k) plan that allows you to save money on a pre-tax basis and lets you choose how to invest your savings in several different mutual funds. Updated January 26, 2012 |