Caterpillar Suspends Operations At Russian Manufacture Facilities

Deerfield IL

10 March, 2022

11:42 AM

Description

DEERFIELD, IL — Caterpillar, Inc., a multi-billion dollar manufacturing company headquartered in Deerfield announced Wednesday it is suspending operations in the company's Russian manufacturing facilities amid the ongoing conflict in Ukraine. "Operations in Russia have become increasingly challenging, including supply chain disruptions and sanctions," the company said in a statement. "We recognize this is a time of incredible uncertainty for our valued employees, and we will continue to look for ways to support them." With 2021 sales and revenues of $51 billion, Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, according to its website. In addition, and through the Caterpillar Foundation, the company said it is donating more than $1 million to support both urgent and long-term needs of the Ukraine humanitarian crisis. "We are complying with all applicable laws and evolving sanctions, while remaining focused on our employees, dealers and customers," the company said. "We are deeply saddened by the tragic events continuing to occur in Ukraine and hope for a peaceful resolution to the crisis. " Caterpillar, founded in 1925, said it does business on every continent, principally operating through three primary segments — Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.