DEERFIELD, Ill., Jan. 23, 2020 /PRNewswire/ -- As bushfires rage
across Australia, the Caterpillar
Foundation, the philanthropic arm of Caterpillar Inc. (NYSE:
CAT), is making a $250,000
donation to the Australian Red Cross to aid in relief efforts. The
unprecedented fires have taken lives, destroyed homes and
devastated millions of acres of land and the region's wildlife.
"Our hearts go out to the people of Australia as they endure this devastating
crisis," said Caterpillar Chairman and CEO Jim Umpleby. "While our employees, dealers and
customers live and work throughout Australia, the Caterpillar Foundation is
making this donation to support recovery for all. The longstanding
partnership between the Foundation and the Red Cross has
demonstrated the organization's exceptional ability to swiftly put
relief donations to work in the areas they're needed most."
In addition to this donation, the Caterpillar Foundation is also
a member of the American Red Cross Annual Disaster Giving Program.
This program provides a funding base that allows the Red Cross to
respond immediately to the needs of individuals and families
impacted by disasters. The Foundation is also matching employee,
retiree and dealer employee gifts to the Red Cross.
"Caterpillar's assistance extends beyond the Foundation. We're
grateful to our Cat dealers across the region that are providing
their help and expertise in the face of the disaster," continued
Umpleby. "Their efforts include financial and product support, with
in kind support of rental equipment and on-call field service for
equipment used in the crisis efforts. Both Caterpillar and dealers
are also providing various paid arrangements for Emergency Service
employees."
In addition, Caterpillar is providing support to its customers
and various government entities who are aiding in recovery
missions.
About Caterpillar
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 2018 sales
and revenues of $54.722 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 primary 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.
About Caterpillar Foundation
Founded in 1952, Caterpillar's philanthropic organization, the
Caterpillar Foundation, has contributed more than $740 million to help make sustainable progress
possible around the world by building resilient communities that
thrive in a rapidly changing world. To learn more about the global
impact of the Caterpillar Foundation, visit
caterpillar.com/foundation. To connect with us on social media,
visit caterpillar.com/social-media.
Forward-looking Statements
Certain statements in this
press release relate to future events and expectations and are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate,"
"plan," "forecast," "target," "guide," "project," "intend,"
"could," "should" or other similar words or expressions often
identify forward-looking statements. All statements other than
statements of historical fact are forward-looking statements,
including, without limitation, statements regarding our outlook,
projections, forecasts or trend descriptions. These statements do
not guarantee future performance and speak only as of the date they
are made, and we do not undertake to update our forward-looking
statements.
Caterpillar's actual results may differ materially from those
described or implied in our forward-looking statements based on a
number of factors, including, but not limited to: (i) global and
regional economic conditions and economic conditions in the
industries we serve; (ii) commodity price changes, material price
increases, fluctuations in demand for our products or significant
shortages of material; (iii) government monetary or fiscal
policies; (iv) political and economic risks, commercial instability
and events beyond our control in the countries in which we operate;
(v) international trade policies and their impact on demand for our
products and our competitive position, including the imposition of
new tariffs or changes in existing tariff rates; (vi) our ability
to develop, produce and market quality products that meet our
customers' needs; (vii) the impact of the highly competitive
environment in which we operate on our sales and pricing; (viii)
information technology security threats and computer crime; (ix)
inventory management decisions and sourcing practices of our
dealers and our OEM customers; (x) a failure to realize, or a delay
in realizing, all of the anticipated benefits of our acquisitions,
joint ventures or divestitures; (xi) union disputes or other
employee relations issues; (xii) adverse effects of unexpected
events including natural disasters; (xiii) disruptions or
volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers;
(xiv) failure to maintain our credit ratings and potential
resulting increases to our cost of borrowing and adverse effects on
our cost of funds, liquidity, competitive position and access to
capital markets; (xv) our Financial Products segment's risks
associated with the financial services industry; (xvi) changes in
interest rates or market liquidity conditions; (xvii) an increase
in delinquencies, repossessions or net losses of Cat Financial's
customers; (xviii) currency fluctuations; (xix) our or Cat
Financial's compliance with financial and other restrictive
covenants in debt agreements; (xx) increased pension plan funding
obligations; (xxi) alleged or actual violations of trade or
anti-corruption laws and regulations; (xxii) additional tax expense
or exposure, including the impact of U.S. tax reform; (xxiii)
significant legal proceedings, claims, lawsuits or government
investigations; (xxiv) new regulations or changes in financial
services regulations; (xxv) compliance with environmental laws and
regulations; and (xxvi) other factors described in more detail in
Caterpillar's Forms 10-Q, 10-K and other filings with the
Securities and Exchange Commission.
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SOURCE Caterpillar Inc.