Tag: Cat China

Business

Caterpillar opens 24th Chinese factory

Again underlining that success in China “is an important part” of the company’s long-term strategy, Caterpillar announced that it has opened its 24th factory in China as the company continues to expand its presence in the country. The new, nearly 23,000-square-meter facility in Wuxi, China produces axles, transmissions and final drives “for use in a […]

March 26, 2013

Business

Forbes: China will drive long term growth at Caterpillar

Despite current challenges the company is meeting in the country, Forbes.com’s Great Speculations blog says China will drive Caterpillar’s long term growth. The blog points out the high interest rates in the first half of 2012 that impacted Cat. Then there are the recently-announced steps the Chinese government is taking—such as a 20 percent capital […]

March 18, 2013