WASHINGTON, July 17, 2017 /PRNewswire/ -- Today Caterpillar
Inc. (NYSE: CAT) brought its iconic yellow iron to the White House
as part of a "Made in America" event to showcase products built in
the United States. Companies from
all 50 states were invited – Caterpillar solely representing
Illinois as a top example of the
power of American manufacturing. A 966M wheel loader, built in
Aurora, Illinois, is adorning the
South Lawn of the White House, standing out amongst other
American-made products at the event. Kathryn Karol, Caterpillar vice president of
Global Government and Corporate Affairs, and Jamie Alban, president of independent dealer
Alban Cat, are attending the event on behalf of Caterpillar.
"Caterpillar is proud to represent Illinois and showcase this wheel loader as
just one example of the skill and craftsmanship of our employees,"
said Caterpillar CEO Jim Umpleby.
"We appreciate the President's dedication to manufacturing
industries and the men and women who build and deliver some of the
finest products in the world. Caterpillar has a substantial
presence across the country — operations in 19 states,
approximately 70 facilities, a workforce of 48,500, the tremendous
strength of the independent Cat dealer network supporting customers
in all 50 states and a supplier base of more than 15,000 companies.
We welcome the opportunity to continue working with the Trump
Administration on policies that will increase economic growth."
Caterpillar has been a strong advocate for comprehensive tax
reform, enhanced infrastructure investments, energy solutions and
open markets. Caterpillar is proof that you can compete based in
the United States, and its leaders
continue to work closely with policymakers to push forward an
agenda that will revitalize American manufacturing.
966M Wheel Loader Details
This all-purpose machine represents the best-in-class
earthmoving equipment that Caterpillar is known for – finding
itself an integral part of many job sites, from construction and
highway projects to mining sites – and anywhere in between. This
wheel loader applies proven technologies systematically and
strategically to reach high expectations for reliability,
productivity, and long service life. It meets the U.S. EPA Tier 4
Final/EU Stage IV emission standards as part of Caterpillar's
commitment to sustainability while providing enhanced fuel
efficiency.
About Caterpillar
For more than 90 years, Caterpillar
Inc. has been making sustainable progress possible and driving
positive change on every continent. Customers turn to Caterpillar
to help them develop infrastructure, energy and natural resource
assets. With 2016 sales and revenues of $38.537 billion, Caterpillar is the world's
leading manufacturer of construction and mining equipment, diesel
and natural gas engines, industrial gas turbines and
diesel-electric locomotives. The company principally operates
through its three product segments - Construction Industries,
Resource Industries and Energy & Transportation - and also
provides financing and related services through its Financial
Products segment. For more information, visit caterpillar.com. To
connect with us on social media, visit
caterpillar.com/social-media.
Forward-looking Statements
Certain statements in this press release relate to future events
and expectations and are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "believe," "estimate," "will be," "will," "would,"
"expect," "anticipate," "plan," "project," "intend," "could,"
"should" or other similar words or expressions often identify
forward-looking statements. All statements other than statements of
historical fact are forward-looking statements, including, without
limitation, statements regarding our outlook, projections,
forecasts or trend descriptions. These statements do not guarantee
future performance and speak only as of the date they are made, and
we do not undertake to update our forward-looking
statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) our ability to develop, produce and market quality products
that meet our customers' needs; (vi) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (vii) information technology security threats and computer
crime; (viii) additional restructuring costs or a failure to
realize anticipated savings or benefits from past or future cost
reduction actions; (ix) failure to realize all of the anticipated
benefits from initiatives to increase our productivity, efficiency
and cash flow and to reduce costs; (x) inventory management
decisions and sourcing practices of our dealers and our OEM
customers; (xi) a failure to realize, or a delay in realizing, all
of the anticipated benefits of our acquisitions, joint ventures or
divestitures; (xii) union disputes or other employee relations
issues; (xiii) adverse effects of unexpected events including
natural disasters; (xiv) disruptions or volatility in global
financial markets limiting our sources of liquidity or the
liquidity of our customers, dealers and suppliers; (xv) failure to
maintain our credit ratings and potential resulting increases to
our cost of borrowing and adverse effects on our cost of funds,
liquidity, competitive position and access to capital markets;
(xvi) our Financial Products segment's risks associated with the
financial services industry; (xvii) changes in interest rates or
market liquidity conditions; (xviii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xix)
currency fluctuations; (xx) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xxi)
increased pension plan funding obligations; (xxii) alleged or
actual violations of trade or anti-corruption laws and regulations;
(xxiii) international trade policies and their impact on demand for
our products and our competitive position; (xxiv) additional tax
expense or exposure; (xxv) significant legal proceedings, claims,
lawsuits or government investigations; (xxvi) new regulations or
changes in financial services regulations; (xxvii) compliance with
environmental laws and regulations; and (xxviii) other factors
described in more detail in Caterpillar's Forms 10-Q, 10-K and
other filings with the Securities and Exchange Commission.
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SOURCE Caterpillar Inc.