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  • Caterpillar History
  • Company History
  • Our Commitment
  • Affiliates


A global leader in size, scope, reach and character, Caterpillar Inc. is a genuine enabler of sustainable world progress and opportunity, defined by the brand attributes of global leadership, innovation, and sustainability.

Caterpillar, Inc.

Caterpillar Tractor Co. formed in 1925 with the merger of two competitors: Holt Manufacturing Company out of Stockton, CA and C.L. Best Tractor Co. of San Leandro, CA. Both companies got their start in California in the 1800s. Each paralleled the other in the developing race towards mechanized farming, first through combined harvesters, then steam traction engines, and finally the track-laying crawlers that would become known as the “Caterpillar”. As the founders passed their businesses on to their sons, each company encountered special projects and markets that would capture their attention and distinguish them from the other.

It was the same year when the two companies decided to merge and pool their resources. Each brought complimenting assets to the table. Holt had the “Caterpillar” trademark name, the worldwide reputation, and bigger factories. Best had the better financial status, the more advanced tractor design and the beginnings of a better dealer group. The new company adopted Daniel Best’s original plant in San Leandro as their first headquarters with C.L. “Leo” Best as the CEO and Chairman.

For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2010 sales and revenues of $42.588 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 also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services.


It was in 1962, when a pioneering man, the late Mr. Onofre Banson, bought Caterpillar Machines and formed Monark International Inc. (MII) which catered to the forest industry. From there, Monark International moved into equipment rentals and the earth-moving contracting field areas where it developed unmatched capability and track record. MII became instrumental in many progressive changes in our country since 1960’s

  • Angat Dam
  • US Bases (Sangley, Subic, Clark)
  • Cement Plants (Island, Continental, Northern, Floro, Hi-Cement)
  • Mines (Pan-Asia, Marinduque/Nonoc, Nickel, Acojo)
  • Building Excavations (Metrobank, Sharaton, Makati Medical Center, Makati Stock Exchange, San Miguel, DBP, PLDT)

And as a joint venture partner and lead group in Hydro Resources in the ‘70s until 1985, MII played a vital role in the successful completion of:

  • Dams (Pantabangan, Magat, Wandaslintang)
  • Power Plants (Bataan Nuclear, Makban Geothermal, Masiway)
  • Roads (Ilo-ilo, Gamu Roxas, NLEX)
  • Refineries (Shell LPG, Exxon Bataan)
  • Site Preparation (Corinthians, Philippine Shipyard, Chico Irrigation Canal, Kalayaan Pump Storage, Aurora Transbasin, Jamjoon-Hydro)

In May 18, 1987, Onofre’s sons – Jan-B and Louie applied for the CATERPILLAR dealership and appointed. The Monark- Caterpillar Sales and Service Agreement served as a milestone to the company. Thus, the birth of Monark Equipment.


Monark Group of Companies was founded by Onofre B. Banson


Formed and managed consortiums to undertake major projects such as the Philippine Nuclear Power Plant, Pantabangan Dam, Magat Dam, Makban Geothermal, San Roque Dam Roadworks.


Established Monark Equipment Corp. as the sole authorized dealer of Caterpillar in the Philippines.


Accredited Propmech as Monark’s Authorized Marine Dealer.


Awarded the contract to supply the $700 Million San Roque Dam Project.


Caterpillar selected Monark to be a pilot dealer for its 6 Sigma Project & DBSi Conversion.
San Roque Dam Project completed


Monark celebrated its 20th Anniversary as a Caterpillar dealer.


Monark won the contract to supply the mining fleet for the Masbate Gold Project of Leighton.
Opened the Monark Product Support Center in San Pedro, Laguna.


Caterpillar Production System (CPS) was integrated to 6 Sigma to boost further the process improvement in Monark.
Monark started Onsite support at Carmen Copper Mine in Cebu.


Established the Onsite support for the Oceana’s Didipio Gold and Copper Mine in Nueva Vizcaya.


Established Onsite Support for the Taganito Mine in Surigao Nickel District and upgraded the Onsite Support for Rio Tuba Nickel Mine in Palawan.


Monark passed the ISO 9001: 2008 certification.

Our Commitment


To be true partners of our customers providing them with solutions of best value through teammates living in excellence, while ensuring a fair return to our shareholders.


To make a Difference in Creating a Better World by being a World Class, Responsible organization, Leading in Nation Building.

Core Competencies

Customer First
Honesty and Integrity
Attitude – “Will Do”
Passion for Excellence


Together with some organizations and partners, Monark is aiming to build a better, stronger nation to achieve its corporate vision of creating a better world.

Monark Foundation Institute is the training division of Monark Equipment Corporation.
Certified by TESDA and sublicensed by Caterpillar Institute of Australia, MFI provides scholarship to out- of- school youth and highschool graduates.

Castle Power Solutions Philippines, Inc. is the sole distributor of Perkins products and services. Castle Power was also awarded by Shandong Sem Machinery Co. Ltd., a heavy equipment manufacturer in Shandong, China.

As an exclusive and master distributor of FG Wilson, PowerAsia Equipment Resources Inc. is dedicated to serve total customer satisfaction and after sales service quality by providing domestic and industrial power needs.

SITECH Philippines is the Trimble and Highway Construction (HHC) distributor in the Philippines, marketing an array of new technology to the Philippine Construction Market, making significant improvements in project workflow.