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Caterpillar Inc. Celebrates Century of Innovation
IRVING, Texas, Jan. 9, 2025 — Caterpillar Inc. (NYSE: CAT) celebrated a significant milestone in its history as it marks 100 years of innovation in the manufacturing sector. Officially reaching its centennial on April 15, the company is honoring a legacy of customer-focused advancements and transformative industry contributions.
The origins of Caterpillar can be traced back to the merger of Holt Manufacturing Company and C.L. Best Tractor Co. in 1925, forming the Caterpillar Tractor Co. The company’s journey began with the introduction of its first track-type tractors designed for agricultural use in Northern California. Over the decades, Caterpillar has evolved, revolutionizing the construction and mining equipment sectors with cutting-edge technology, including autonomous machinery and powerful engines that have underpinned modern infrastructure projects worldwide.
Chairman and CEO Jim Umpleby expressed pride in the company’s achievements, attributing its success to the diligence of its employees, the loyalty of its customers, and the collaborative efforts of its dealers and partners. “Our commitment to providing superior products and services will continue as we move forward into the next century,” he stated.
Celebrations commemorating this landmark event are taking place in various locations, including Sanford, North Carolina, and Peoria, Illinois. A special gathering at the company’s headquarters in Irving will bring together the families of the founders, C.L. Best and Benjamin Holt, along with company executives and employees, to reflect on a hundred years of innovation and to look forward to the future.
As part of the centennial festivities, Caterpillar has launched a global Centennial World Tour, set to engage employees and visitors through interactive experiences at various facilities. In addition, in 2025, the company will unveil limited-edition machines painted in “Centennial Grey,” celebrating the milestone.
Caterpillar invites its worldwide community of employees, customers, and stakeholders to partake in the celebratory events planned for the entire year. For additional details about the company’s centenary, interested parties can visit caterpillar.com/100.
About Caterpillar
With sales and revenues reaching $67.1 billion in 2023, Caterpillar Inc. stands as a leader in manufacturing construction and mining equipment, as well as engines and turbines. For nearly a century, the company has been dedicated to fostering a sustainable world, contributing to a reduced-carbon future while offering innovative products and services designed to create exceptional value for its customers worldwide. Caterpillar operates mainly through three core segments: Construction Industries, Resource Industries, and Energy & Transportation, along with providing financial products through its dedicated segment.
Forward Looking Statements
This announcement contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, certain phrases such as “expect,” “anticipate,” and “will” indicate these projections. It is important to note that these statements are not guarantees of future performance and reflect the company’s expectations as of the date made. Caterpillar advises that actual results may differ due to various factors, including economic conditions, commodity price fluctuations, and operational challenges. For more details on risk factors, stakeholders are encouraged to refer to Caterpillar’s SEC filings.
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