Caterpillar is one of the largest and most popular manufacturer of construction and mining equipment and engines. Founded in 1925, the company manufactures, designs and sells Caterpillar machines and engines, but also sells financial products and insurances to its customers through its world-wide network of over 200 dealers. Caterpillar machines are being produced in Peoria, Illinois, U.S. and are easily recognizable by their yellow CAT logo. The global presences of the company is getting more massive than ever with operations in over 150 countries.
Caterpillar has a long history of innovations using high-quality technologies to provide the best solutions to its customers. Today, the company constantly looks for new and innovative ways to reduce the fuel consumption and emissions of its products. Next year, the company plans to produce over 180,000 Caterpillar machines for sale, following this year’s push in Asia. However, here are a few interesting facts about Caterpillar you probably didn’t know.
- Caterpillar is the most dominating force in the construction machinery industry. In 2011, the company reached an astonishing 32 percent share of the total North American construction equipment market, outscoring its biggest competitors John Deere, Terex, Komatsu and Joy Global.
- Caterpillar machines are being produced by using about 7 million kilograms of steel weld wire annually.
- The company manufactures over 25,000 forklifts per year, which all together could lift about 970 Empire State Buildings.
- There are more than 100,000 Caterpillar machines that work at any time all around the world in wood chippers, fire pumps, air compressors, locomotives, etc.
- A big Caterpillar loader can have even 1575 horsepower, which is about four times greater than the horsepower of a powerful Audi SQ5.
- In 2010, Caterpillar machines secured the company a revenue of $42.58 billion, which is greater than the economy in Costa Rica.
- The trucks that have the CAT brand on them move more than 50% of the rock in the quarry and aggregates industry all around the world.