September 20, 2017
SINGAPORE – Today, Caterpillar Inc. (NYSE: CAT) celebrated its 50th anniversary in Singapore. Caterpillar is the world’s leader in construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. With more than 300 products under 21 brand names, and with a field population of more than 3 million machines and engines, Caterpillar equipment is at work all over the world, on land and at sea. Singapore has played an important role in the company’s growth in Asia Pacific and Caterpillar has contributed to the development of world class infrastructure in Singapore.
Active in Singapore since 1920s, Caterpillar first set up operations in the country in 1967 with the opening of its Asia Distribution Centre, which coordinates parts distribution for Cat® dealers across Asia Pacific. In 1994, Singapore became Caterpillar’s headquarters for Asia Pacific. Today, Caterpillar has a workforce of over 800 in Singapore, representing nearly every part of Caterpillar’s business. Together with its dealers and suppliers, there are more than 1,100 people dedicated to Caterpillar’s business in Singapore.
“We are delighted to have Singapore as our regional headquarters as we celebrate this milestone. Through the hard work and dedication of our people, and the support of our partners and the Singapore government, we are proud to have delivered valued, quality products, services and solutions to our customers across the region for half a century. We look forward to many more years of growth, innovation and success, as our solutions help deliver the infrastructure and energy that bring higher standards of living across Asia in this exciting age of smart iron with digital technology,” said Jeffery Hardee, Singapore Country Manager, Caterpillar Inc., speaking at a Family Day event held at a Caterpillar facility on Tractor Road.
“Our heartiest congratulations to Caterpillar for its 50th anniversary in Singapore. Caterpillar’s long history in Singapore is certainly testament to our strength as a leading regional headquarters and logistics hub in Asia. Singapore is proud to play a pivotal role in Caterpillar’s growth strategy to capture opportunities in the region,” said Tan Kong Hwee, Director of Transport Engineering, Singapore Economic Development Board.
In 1998, Caterpillar Financial Services was set up to provide financial solutions to customers in Singapore. In 2010, Singapore became the worldwide headquarters for Caterpillar’s Excavation Division. In 2016, the Distribution Services Division headquartered in Singapore expanded beyond Asia Pacific to include CIS, Africa & Middle East (ACAM). The same year, Caterpillar established the Singapore Marine Center, Caterpillar’s Asia hub for marine sales, service, and production of high quality marine products. Singapore also serves as a hub for training.
Caterpillar’s independent dealer, Tractors Singapore Ltd (TSL), works side by side with Caterpillar to provide superior services to customers in Singapore, the Maldives and Christmas Island.
“Over these past 50 years, the industry has certainly witnessed the development of one of the most strategic relationships, that of Caterpillar and its Dealer. I firmly believe, the best is yet to be,” said Alan Ow, Managing Director, Tractors Singapore Ltd (TSL).
Caterpillar has also been deeply involved in charitable and community work in Singapore through volunteer activities initiated by business units and others funded by the Caterpillar Foundation. Since 2006, the Caterpillar Foundation has invested approximately US$1.07 million in Singapore to programs through Foundation partners that include:
“At Caterpillar, our purpose is linked to a bigger picture of building a better world – from infrastructure and energy development, to helping alleviate poverty and building new technologies to help our customers succeed. We take pride in offering our customers the widest range of products, services and solutions to enable their success, but we take greater pride in the strong values that Caterpillar upholds,” said Raymond Chan, vice president of Caterpillar’s Asia Pacific, CIS, Africa & Middle East Distribution Services Division.
Zachary A. Kauk, vice president of Caterpillar’s Excavation Division said, “In the 50 years since we first opened our doors to this community and to Caterpillar customers in this region, we have built a reputation for community service and product leadership through the hard work and dedication of the many employees and partners who have come through our doors. The work we do here in Singapore is making progress possible for millions of people around the world. That is a legacy to be proud of and is a testimony to the contributions of each one of our people.”
For more than 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2016 sales and revenues of US$38.537 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visit caterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.