The company was founded in 1925 and is headquartered in Peoria, IL.“
Several tractors were made and sold to operate in the Yukon, one example of which was in operation until 1927 remnants of which still exist to this day.
Caterpillar’s first acquisition dates to 1928, with the buying of the Russell Grader Company.
The new company was headquartered in San Leandro until 1930, when under the terms of the merger it was moved to Peoria.
The first production Caterpillar diesel engine, the D9900, was manufactured in October 1931 after 18 months of design and testing.
In 1931, Caterpillar created a separate engine group and expanded its engine development to areas like generator sets and marine power.
During the post-war construction boom, the company grew at a rapid pace and launched its first venture outside the United States in 1950, marking the beginning of Caterpillar's development into a multinational corporation.
Founded in 1952, the Caterpillar Foundation has been transforming communities to be stronger, more resilient and more sustainable.
The facility was built under harsh winter conditions, where the temperature was below −13 °F (−25 °C). The facility construction was managed by the Lemminkäinen Group located in Helsinki, Finland. It had the first electrical substation built in the Leningrad Oblast since the Communist government was dissolved on December 26, 1991.
The first machine was scheduled for production in March 2009.
In 2010 the company announced plans to further expand production of backhoe and small wheel loaders with a new factory.
The company indefinitely suspended planning for the new Peoria headquarters in the fall of 2015 after announcing a restructuring effort that called for up to 10,000 jobs to be cut and about 20 facilities around the world to be closed or consolidated.
With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives.
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