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Business Segments 35
2012 Year in Review
ROCK SOLID
Energy & Power Systems
GERARD VITTECOQ
Caterpillar Group President
Sales
2011 2012
$ in millions
$20,114 $21,122
Segment Profit
2011 2012
$ in millions
$3,053
$3,434
North America
n $8,720
Latin America
n $2,191
EAME
n $6,043
Asia-Pacific
n $4,168
$ in millions
2012 Sales by Geography
In 2012, the Energy & Power Systems team delivered record results, making
significant progress toward our 2015 goals.
We expanded capacity with the opening of a new Rail facility in Sete Lagoas, Brazil,
and a new Solar Turbines facility in Zatec, Czech Republic. We continued to make great
strides in integrating MWM into Caterpillar following our acquisition in 2011, ultimately
enabling us to significantly expand customer options for sustainable power generation
solutions. We made a number of exciting announcements as well, including a joint
venture with Ariel Corporation to provide complete pressure-pumping solutions to
global oil and gas customers and an agreement with Westport to develop natural gas
technology for off-road equipment. We also added to our growing list of agreements
with International Power Project (IPP) providers to develop temporary power solutions
to meet the needs of the growing IPP segment.
I also marked a personal milestone with an announcement at the end of the year of my
retirement after more than 37 years with the company. Earlier this year, Jim Umpleby
assumed responsibility as group president with responsibility for Energy & Power Systems.
I have tremendous confidence in Jim’s ability to lead this business and continue to build
on the successes we’ve achieved thus far. When it comes to our Energy & Power Systems
businesses, we are in the right businesses at the right time, for a long time. Our potential
is rock solid, and I look forward to the many great things to come from this group in
the future.