Preview

St Komatsu vs Caterpillar

Good Essays
Open Document
Open Document
2412 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
St Komatsu vs Caterpillar
http://angelinajao.wordpress.com/2002/10/29/caterpillar-vs-komatsu-four-decades-of-global-competition/ http://www.doc88.com/p-844510545043.html For more than 75 years, Caterpillar Inc. has been building the world’s infrastructure, and in partnership with Caterpillar dealers, has allowed for positive and sustainable change on every continent. A Fortune 100 company, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company is a technology leader in construction, transportation, mining, forestry, energy, logistics, electronics, financing and electric power generation.
In the first half of 2002, Caterpillar posted profit of $280 million or 81 cents per share, the total of sales and revenues of $9.70 billion. More than half of all sales were to customers outside of the United States, maintaining Caterpillar’s status of an international business and leading U.S. exporter. Caterpillar products and components are manufactured in 50 U.S. facilities and in 65 other locations in 23 countries around the globe.
During the year 2001 Caterpillar invested almost $700 million in research and technological development. This allowed for the employees of Caterpillar to receive over 2,800 patents since 1996.

History – Caterpillar
Caterpillar Inc. was founded in 1925 when the Holt Manufacturing Co. and the C. L. Best Tractor Co. merged to form Caterpillar Tractor Co. Caterpillar aimed to be the leader in providing the best value in machines, engines and support services for customers dedicated to building the world’s infrastructure, and developing and transporting its resources.
Fifteen years later in 1940, the Caterpillar product line now included motor graders, blade graders, elevating graders, tractors and electrical generating sets. With the outbreak of World War 2, Caterpillar track-type tractors, motor graders, generators sets, and a special engine for the M4 tank were

You May Also Find These Documents Helpful

  • Satisfactory Essays

    - rewards for the millions that the firm invested in the research and development process.…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    1838 John Deere, blacksmith, evolves into John Deere, manufacturer. Later he remembers building 10 plows in 1839, 75 in 1841, and 100 in 1842.…

    • 4037 Words
    • 17 Pages
    Good Essays
  • Powerful Essays

    Team Andrews Memo 1

    • 959 Words
    • 3 Pages

    In total, we invested $2.8 million into research and development. Although we invested more than the suggested $1 million, we believe this investment will be beneficial for future rounds, and make our products more attractive to potential buyers.…

    • 959 Words
    • 3 Pages
    Powerful Essays
  • Better Essays

    History of John Deere American history is full of rises and falls. One of the most important industries is, without a doubt, the agricultural industry. The fact that the agricultural industry provides food for us all is what makes it so important. John Deere and his company revolutionized the agricultural industry and left an everlasting impression on not just the industry but the world itself. The story of John Deere and his development of the steel plow all began in Ruthland, Vermont, on February 8th of 1804.…

    • 1165 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The Caterpillar Tractor Company first became involved in the manufacture of tractors in 1920, when the Russell Grader Company released its first self-propelled grader – the Motor Patrol. This grader combined the steel-frame of the Russell Grader Company's horse-drawn graders, with an Allis Chalmers crawler tractor.…

    • 261 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    John Deere

    • 549 Words
    • 3 Pages

    1852 Deere buys out his partners. For the next 16 years, the company is known variously as John Deere, John Deere & Company, Deere & Company, and Moline Plow Manufactory.…

    • 549 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    To begin with, the plow has a long history that made a big impact on society. The plow was created in the Bronze Age. John Deere was the creator of the plow in 1837. When the plow was first made in 1837 animals was the one who had to pull the plow because tractors were not invented. When the plow was first made it was made out of…

    • 361 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Deane Ferioli Professor Gavin English Composition 1 29 June 2017 In the early 1900s, seeking for a way to improve the mobility and traction of his company’s steam tractors, Benjamin Holt replaced the wheels with wooden tracks bolted to chains. The simple change to the machine worked so well that a bystander was rumored to have said the machine crawled along much like a caterpillar. Holt agreed, and dubbed his new machine “Caterpillar,” a name he eventually trademarked in 1910. In 1986 Caterpillar officially changed the company name from Caterpillar Tractor Company to Caterpillar, Inc.…

    • 1138 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    With the help of two different CEO's, Caterpillar transformed itself. For three consecutive years, 1982, 1983, and 1984, the Caterpillar Company lost $1 million a day. Caterpillar's major competitor was a Japanese company call Komatsu. Due to tough global challenges, the collapse of its international markets and an overvalued dollar, Caterpillar had to reinvent itself or stop business. With the help of two different CEO's, Caterpillar transformed itself. CEO George Schaefer introduced cost-cutting measures and employee involvement programs also outsourced machines, parts and components. CEO Donald Fites diversified Caterpillar's product line and reorganized the company structurally. Facing weak competition both at home and abroad, Caterpillar charged premium prices for its high-quality products, paid its production workers union-scale wages, offered its shareholders high rates of return on their equity and enjoyed superior profits. In 1982 following a record year of sales and profits, Caterpillar suddenly plunged into three successive years of rising losses totaling nearly $1 billion. The crisis of 1982 – 1984 came from a global recession, a costly strike and unfavorable currency exchange rates. The competition with Komatsu and the crisis of 1982 – 1984 forced Caterpillar to reexamine its past activities. In 1985 – 1990, CEO George Schaefer devised and implemented a series of strategies that touched on every important function of the company including purchasing, manufacturing, marketing, personnel and labor relations. George came up with Global Outsourcing, a broader product line, labor relations, and employee improvement. Caterpillar's employee involvement plan went hand in hand with a $1.8 billion plant modernization program launched by Schaefer in 1986. Finally, Caterpillar improved product quality. The transformation of Caterpillar was far from over. The company stock lagged far behind its earnings; Cat shares underperformed the…

    • 728 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    produced automobiles around the globe for over 100 years. In 1908, the company created the…

    • 630 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Notes on Caterpillar Inc

    • 7285 Words
    • 30 Pages

    For once, some good news from a heartland manufacturer: On Apr. 22, Caterpillar (CAT) surprised investors with blockbuster first-quarter results. The maker of heavy equipment and engines reported that sales leaped 34%, to $6.47 billion, a first-quarter record, while profits more than tripled, also a period best. Price increases of 1.5%, imposed across the board on Jan. 1, lifted both sales and profits by $74 million. More important was an upsurge in orders throughout Cat's product line and in virtually every geographic market.…

    • 7285 Words
    • 30 Pages
    Powerful Essays
  • Powerful Essays

    Matlab

    • 2459 Words
    • 13 Pages

    based on a design developed by his grandfather in the years after World War II. The company’s…

    • 2459 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    Wal Mart Stores

    • 2055 Words
    • 7 Pages

    Wal-Mart generated net sales of nearly $419 billion and an operating income of $25.5 billion.…

    • 2055 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    school wark

    • 740 Words
    • 3 Pages

    percent by 2007 since its IPO in 1972. Wal-Mart has been forced to initiate international…

    • 740 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Modern Finance

    • 800 Words
    • 4 Pages

    Walmart reported profits of $3.60 billion (£2.3 billion) in the second quarter ended July 31, up from $3.48 billion in the same period last year. Its revenue had also increased by 2.8 percent to $103.73 billion (£66.8 billion).…

    • 800 Words
    • 4 Pages
    Good Essays