Cat increases China excavator production

Marcia Gruver Doyle Pix

Cat will expand its plant in Xuzhou, China, and will acquire Xuzhou Construction Machinery Group’s 15.87 percent ownership in Caterpillar Xuzhou Limited, a joint venture with the Chinese company initially established in 1995. When the acquisition is complete, CXL will be a wholly-owned Caterpillar company.

Once the CXL excavator expansion plans are completed in 2014, Cat will have increased its China-based excavator capacity by 400 percent.