Caterpillar Inc - Company Profile
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View moreBusiness Description
Caterpillar Inc (Caterpillar) carries out the design, manufacturing, and marketing of a wide range of machinery and engines. It manufactures construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company also provides financial services through its subsidiaries.
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R&D Overview
The company's R&D unit focuses on the development of new engines and the improvement of existing engines, machines, and components. Caterpillar focuses on maximizing the global value of technology with its partners and provides customer solutions such as autonomous machines, additive manufacturing, data analytics, and safety products. It invests substantially in R&D to develop digital solutions. The company focuses on R&D in the resource industry for the development of drivetrains, hydraulic systems, electronics, and software for machines and engines. Caterpillar focuses on the implementation of advanced analytics and big data in their own products to help customers manage and monitor their assets. The company continuously works on 3D printing as the main manufacturing method for optimally running factories and uses the technology to improve its service to customers. In FY2023, the company spent US$2,108 million on R&D activities, which stood at 3.1% of its revenue, and grew 16.2% YoY.
Business Segments
- Financial Products
- All Other Operating Segment
- Construction Industries
- Energy & Transportation
- Resource Industries
Overview
Offers retail and wholesale financing, and insurance services for its products globally through Cat Financial. In FY2023, the segment incurred a capital expenditure of US$1,299 million, which grew 13.8% YoY.
Performance
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Overview
Comprises component manufacturing activities that are used in assembling products for business segments. Key products include filters and fluids, tires and rims, fluid transfer products, ground-engaging tools, and precision seals. Also, carries out distribution activities; and makes digital investments for new customer and dealer solutions. In FY2023, the segment incurred a capital expenditure of US$260 million, which grew 18.7% YoY.
Performance
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Overview
Offers loaders, track-type tractors, asphalt pavers, excavators, wheel and track feller bunchers, tractors, motor graders, and related parts. Also, offers harvesters, backhoe loaders, telehandlers, track-type loaders, skidders, forestry excavators, and pipe layers, among others. Provides these products to the heavy construction, mining, and quarry, forestry, general construction, rental, and aggregates markets. Owns manufacturing facilities in the US, Brazil, China, France, Hungary, India, Indonesia, Italy, Japan, Mexico, the Netherlands, Poland, Thailand and the UK. Aims to develop customer-driven product innovations and offerings in developed economies that focus on customers. In FY2023, the segment incurred a capital expenditure of US$376 million, which grew 38.7% YoY.
Performance
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Overview
Provides reciprocating engines, generator sets, gas turbines and turbine-related services, marine propulsion systems, diesel-electric locomotives, and other rail-related products and services. Serves oil and gas, rail, marine, power generation, and industrial sectors. Owns manufacturing facilities in Australia, the US, Brazil, China, the Czech Republic, Germany, Mexico, India, Italy, and the UK. Aims to expand its products to increase power density improve efficiencies and lower customer operating costs; and use Lean technology for operational excellence and cost structure. In FY2023, the segment incurred a capital expenditure of US$944 million, which grew 24.9% YoY.
Performance
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Overview
Manufactures high-productivity equipment for surface and underground mining operations, and waste and material handling applications. Key products include large track-type tractors, high wall miners, track and rotary drills, large mining trucks, draglines, large wheel loaders, off-highway trucks, articulated trucks, wheel tractor scrapers, wheel dozers, landfill and soil compactors, continuous miners, select work tools, machinery components, and electronics and control systems. Owns manufacturing facilities in China, the US, Germany, India, Indonesia, Mexico, Thailand and the UK. Focuses on investing in R&D to provide mining and quarry customers the lowest total cost of ownership with the highest quality, and productive products. In FY2023, the segment incurred a capital expenditure of US$245 million, which grew 3.4% YoY.
Performance
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Geographical Segments
Target Markets
Australia, India, New Zealand, China, Japan and Southeast Asia.
Performance
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Target Markets
Europe, Africa, the Middle East and the Commonwealth of Independent States (CIS).
Performance
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Target Markets
Central and South American countries, and Mexico.
Performance
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Target Markets
The US and Canada.
Performance
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