Caterpillar Moving Headquarters from Illinois to Texas

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

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

Laura Miller

Latest in Steel Markets

Lead Times Mostly Steady on Sheet, Shorten on Plate

CRU: Chinese Car Exports Are Here To Stay, Lessons From Steel

GM’s Higher Earnings Guidance Hinges on Successful Labor Pacts

SDI Posts Narrower Q2 Profit, Says Demand ‘Remains Solid’

Housing Starts Pull Back in June