Steel Markets
Caterpillar Moving Headquarters from Illinois to Texas
Written by Laura Miller
June 14, 2022
Caterpillar Inc. is relocating its global headquarters from Deerfield, Ill., to an existing office in Irving, Texas, near Dallas-Fort Worth.
The steel-intensive heavy equipment manufacturer has had a presence in Texas since the 1960s.
Illinois will continue to have the largest concentration of Caterpillar employees despite the headquarters move.
“We believe it’s in the best strategic interest of the company to make this move, which supports Caterpillar’s strategy for profitable growth as we help our customers build a better, more sustainable world,” chairman and CEO Jim Umpleby said.
In 2021, Caterpillar posted sales and revenues of $51 billion.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
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