Caterpillar Inc.
American construction-equipment manufacturer
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2024 | Ended licensing of the Cat phone brand of mobile phones and rugged smartphones. |
August 2024 | San Francisco State University announced it would divest from Caterpillar as part of a deal with student activists, due to the company supplying equipment to the Israeli army. |
2023 | Reached a record high with revenue of $67.06 billion and 113,200 employees, marking a significant growth milestone. |
November 2023 | Reached an agreement to sell Caterpillar assets in Russia to PSK - New Solutions, a company founded by former Sberbank people. |
January 2023 | Caterpillar reached a settlement with the Internal Revenue Service and was not ordered to pay any penalties related to its previous tax strategies. |
2022 | Caterpillar achieved record net income of $6.705 billion and revenue of $59.43 billion. |
2022 | Stop the Wall campaign called out Caterpillar alongside other companies for their involvement in equipment sales to the Israeli military. |
2022 | Strong financial performance with revenue increasing to $59.43 billion and 109,100 employees. |
June 14 2022 | Company announces plans to move global headquarters from Deerfield, Illinois, to Irving, Texas, citing strategic business interests. |
May 2022 | Production at the Tosno, Russia plant was stopped. |
2021 | Continued recovery with revenue of $50.97 billion and 107,700 employees. |
2020 | Despite the global pandemic, Caterpillar maintained significant operations with a net income of $2.998 billion and revenue of $41.75 billion. |
2020 | Caterpillar planned to cut 700 jobs at its Northern Ireland operations. |
December 31 2020 | Reported total CO2e emissions (Direct + Indirect) at 1,521 kilotonnes, representing a 16.9% year-over-year reduction from the previous year. |
June 2020 | Reported involvement of Caterpillar clothing wholesaler Summit Resource International in a Chinese government labor transfer scheme using forced labor of Uyghurs in internment camps. |
2018 | Established baseline year for Caterpillar's carbon emissions reduction target, aiming to reduce total CO2e emissions by 30% by 2030. |
2018 | Began restructuring, closing a demonstration center in Panama and an engine-manufacturing facility in Illinois. |
2018 | Ranked number 73 on the Fortune 500 list and number 265 on the Global Fortune 500 list. |
December 12 2018 | Jim Umpleby was named chairman of the board, reuniting the CEO and chairman positions after previously being split. |
2017 | Documents revealed that Caterpillar hired private investigators to spy on the family of Rachel Corrie, an American human rights activist killed by a D9 bulldozer in Rafah in 2003. |
March 2017 | US federal agents raided Caterpillar's headquarters in Peoria, Illinois, as part of an investigation into the company's aggressive tax deferral techniques. |
January 31 2017 | Company announces plans to move headquarters from Peoria to Deerfield, Illinois, to be completed by the end of 2017. |
January 1 2017 | Jim Umpleby succeeded Douglas R. Oberhelman as CEO of Caterpillar Inc., marking a significant leadership transition. |
2016 | Experienced a challenging year with near-zero net income (−$0.067 billion) and reduced employee count to 99,500. |
2015 | The United States Navy clarified that Caterpillar has some of the most secure control systems, intending to use the company as a model for designing cyber protections. |
2015 | Initial plans developed to build an $800 million new headquarters complex in downtown Peoria. |
2014 | Presbyterian Church (USA) sold its Caterpillar shares, citing the company's equipment being used in Palestinian house demolitions and Israeli surveillance activities in the West Bank. |
April 2014 | A senate subcommittee led by Senator Carl Levin began investigating Caterpillar's tax policies, focusing on the company's offshore tax strategy. |
2012 | The company continued its growth, reaching a revenue of $65.88 billion and maintaining a large workforce of 127,800 employees. |
2012 | MSCI removed Caterpillar from three socially responsible investment indices due to the Israeli military's use of its bulldozers in Palestinian territories. |
2012 | Began licensing the Cat phone brand of toughened mobile phones and rugged smartphones. |
2012 | MLE ceased production in Almere due to recession and declining sales, transitioning from a manufacturing facility to a sales office. |
August 2012 | Strike agreement reached, resulting in a 6-year wage freeze for workers. |
May 1 2012 | 780 members of the International Association of Machinists and Aerospace Workers Local Lodge 851 went on strike. |
2011 | Caterpillar saw a strong recovery, with revenue reaching $60.14 billion and employee count growing to 113,600. |
2010 | Caterpillar announced plans to expand production of backhoe and small wheel loaders with a new factory in Brazil. |
January 1 2010 | Jungheinrich Forklifts joined the partnership through a manufacturing and distribution agreement with MCFA. |
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