Caterpillar to establish innovation center in China
| February 07, 2005
Caterpillar announced Jan. 25 it has selected the city of Qingdao in China’s Shangdong Province as the location for an innovation center to focus on product and process development. The facility will accelerate the introduction of Caterpillar technology into design and production processes in China, the company said in a press release. The announcement is the latest step in a multi-year strategy Caterpillar introduced in 2003 to significantly expand its presence in China.