Caterpillar moving global headquarters to Irving, Texas
DEERFIELD (25 News Now) - Global construction and mining company Caterpillar is moving global headquarters once again - this time saying goodbye to Illinois.
The formerly Peoria-based company has announced that the company’s existing offices in Irving, Texas will become its new global headquarters from the current location of Deerfield, Illinois.
“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.
Caterpillar has had a presence in Texas since the 1960s across several areas of the company.
Illinois remains the largest concentration of Caterpillar employees anywhere in the world.
The company will begin transitioning its headquarters to Irving in 2022.
The City of Peoria released a statement in reaction to the move:
“Caterpillar continues to have a significant presence in Peoria as an employer and as a civic and philanthropic leader. We wish them well with this move and will continue to support their employees and team members here in Peoria.”
Governor JB Pritzker also released a statement after news of the move was released:
Illinois is on the rise: we’ve built more small businesses than our big state counterparts like California, Texas, New York and Florida; we continue to be a leader in attracting large and midsize corporate relocations; our GDP growth is outpacing its pre-pandemic rate and we’re at our highest population in state history. It’s disappointing to see Caterpillar move their 240 headquarters employees out of Deerfield over the next several years when so many companies are coming in. We will continue to support the 17,400 Illinoisans who work for the company in East Peoria, Mapleton, Mossville, Pontiac and Decatur – which remains Caterpillar’s largest manufacturing plant in North America after the company’s recent expansion. My administration will continue to drive job growth throughout the state, making clear to the world why Illinois is the best state in the nation to live, work, play and do business.
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