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.
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
Manufacture start date: mid-2012
Product: Will produce five varieties of hydraulic excavators
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