Caterpillar relocates headquarters from Chicago area to Irving
Industrial giant Caterpillar Inc. is moving its headquarters from suburban Chicago to Irving.
The company has about 120 workers now in an Irving office and Caterpillar spokeswoman Kate Kenny said the size of its local workforce will depend on future business needs. The international manufacturer of construction and mining equipment, engines, generators and locomotives has had a presence in Texas since the 1960s.
“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,” said chairman and CEO Jim Umpleby in a statement.
Caterpillar, which posted $51 billion in revenue last year, will become the fifth-largest public company headquartered in North Texas. It will trail only Exxon Mobil, McKesson, AT&T and Energy Transfer. Exxon is moving its Dallas-Fort Worth headquarters to the Houston area next year.
The move will make D-FW home to 24 Fortune 500 companies. Ten of those will be in Irving, which bills itself as the “headquarters of headquarters” city. Dallas-based Builders FirstSource recently announced its relocation to Irving.
Read more: https://www.dallasnews.com/business/local-companies/2022/06/14/caterpillar-relocates-headquarters-from-chicago-area-to-irving/