President Bush Visits Caterpillar Manufacturing Facility

Caterpillar, Inc. recently hosted President George W. Bush at its manufacturing facility in East Peoria, Ill., where the President commended Caterpillar for successfully demonstrating that U.S. companies can compete on the world stage.

"The U.S. and global economy have benefited from the President’s pro-growth tax and free trade policies, which have stimulated strong economic growth," said Caterpillar Chairman and CEO Jim Owens while introducing the President. "I thank Team Caterpillar for representing the competitive American spirit and positioning our company to take advantage of the opportunity created."

During his visit, the President highlighted free trade agreements put in place during his administration,which have benefited companies like Caterpillar. The machines and products made in East Peoria and at Caterpillar facilities across the United States are shipped throughout the world. Caterpillar exported more than $10 billion in products in 2006, a record for the company. Bush also recognized worker training programs, safe workplaces and competitive health care benefits that make up the culture of excellence and accomplishment at Caterpillar.

"Today's presidential visit was a once-in-a-lifetime opportunity for our employees," said Bob Williams, the Caterpillar vice president who leads the company's U.S. Operations Division with responsibility for three of the company's largest manufacturing operations, which are located in Illinois. "Many of our employees got to meet the President, and he in turn praised them for their hard work building Caterpillar's signature product: the track-type tractor. These machines are the workhorses of the world's greatest construction projects. They are a strong export product for our company and represent American manufacturing at its best."

Bush talked about how communities such as Peoria contribute to the strength of the American economy. The President said he was impressed with the quality of Cat machines that are in demand all over the globe, but even more impressed with the American workers who build them.He again spotlighted these issues when he delivered a state of the economy speech.