Caterpillar 2012 Annual Report Download - page 34

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Business Segments 34
2012 Year in Review
ROCK SOLID
Construction Industries
RICH LAVIN
Caterpillar Group President
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-Pacic.
• 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.
Sales
2011 2012
$ in millions
$19,667 $19,334
Segment Profit
2011 2012
$ in millions
$2,056
$1,789
$ in millions
North America
n $7,101
Latin America
n $2,650
EAME
n $4,633
Asia-Pacific
n $4,950
2012 Sales by Geography