Construction equipment manufacturer Caterpillar said Tuesday it is packing up its headquarters from its longtime home state of Illinois and moving to Texas.
Construction demand drove third quarter sales higher at Caterpillar as did rising demand from miners and other heavy industry as the global economy emerges from the pandemic.
A trio of construction industry-related products have advanced in the Wisconsin Manufacturers & Commerce and Johnson Financial Group's Coolest Thing Made in Wisconsin Contest. Nearly 100,000 votes have been cast since the beginning of the contest.
A slowing global economy is taking a toll on Caterpillar, which cut its outlook for the year Wednesday after profits and revenue slid in the third quarter.
Heavy equipment-maker Caterpillar Inc. plans to put hundreds of jobs in Arizona with the selection of Tucson as the location of new consolidated offices for the company's mining and technology division.