Construction Industries

Despite a difficult and challenging year, Construction Industries (CI) contributed to yet another record year for the enterprise and had some incredible accomplishments.

• We achieved historical bests in both quality and safety.
• We improved our overall industry leadership position.
• We made progress in China — bauma China 2012 was an excellent example that displayed the strength of our product offerings in China.
• We improved the diversity of our leadership in Asia-Pacific.
• We made considerable strides in becoming the lowest cost producer (LCP).
• We deployed Tier 4i, while improving overall customer value and maintaining excellent quality.
• We saw positive expansion of global facilities and continue to have success on those in progress.

At the end of last year, I entered a new chapter in my life to begin my retirement, with Group President Ed Rapp taking leadership of Construction Industries. I'm confident that Ed will take the performance of our business to the next level and build on the tremendous foundation that has already been established. I leave Caterpillar very optimistic about its long-term future and the success it will bring in the years ahead.