Caterpillar Inc. at a glance


Aug. 12, 2010 at 3:12 a.m.
Updated Aug. 13, 2010 at 3:13 a.m.

Caterpillar Inc. announced Thursday it plans to begin construction on a Victoria manufacturing site soon. But what is the story behind Caterpillar and what does it do? Here are some company basics.

The basics

Began: 1925, when Holt Manufacturing Company and C.L. Best Tractor Co. came together to form Caterpillar Tractor Co.

Headquarters: Peoria, Ill.

Output: More than 300 products

Global workforce: Almost 100,000 people at more than 480 facilities

Texas workforce: 2,085 people at 21 locations

Average employee tenure: 32 years

Nationwide locations: 50

Other locations worldwide: 60 in 23 countries. Maintains customers in 200 countries

Facts and figures

2008 sales revenue: $51 billion +

2009 sales revenue: $32.4 billion

Anticipated sales revenue for 2010: $40.5 billion

Recent history: experienced significant layoffs in 2009, totaling about 19,000 people from all plants worldwide.

In 2010: Has rehired or recalled 3,650 employees. Hopes to bring back 9,000 in total by the year's end.

NYSE stock exchange price Thursday: $67.50

Stock volume: 7,637,800

Victoria site

Groundbreaking: September

Manufacture start date: mid-2012

Product: Will produce five varieties of hydraulic excavators

Employees: 513

Constructions jobs: Tentatively 300, although not official

Sources: Jim Dugan, Caterpillar's chief corporate spokesman, Dale Fowler, president of the Victoria Economic Development Corporation and the Caterpillar website



Powered By AffectDigitalMedia