"Success in China is an important part of our long-term strategy, and we are focused on bringing the complete Caterpillar business model to China in order to better serve and support our customer base," said Caterpillar Chairman and CEO Doug Oberhelman.
With the opening of the new power train operation, Caterpillar now has 24 manufacturing facilities in China in addition to four Research & Development (R&D) centers and three logistics and parts centers. The company has more than 15,000 employees in China.
"Over the decades, Caterpillar has developed a reputation for providing customers the lowest overall owning and operating costs for the life of a machine. This is heavily influenced by our vertical integration and ability to maximize productivity and deliver fuel efficient machines by integrating across the power train. This expansion of our component capability and capacity in China supports our drive to bring this value to our customers in China," said Ed Rapp, Caterpillar group president with responsibility for Construction Industries.
Oberhelman and Rapp announced the new facilities following their participation in the 13th annual China Development Forum, a Beijing-based event that brings together Chinese and multinational business leaders, academics and senior Chinese government officials to discuss economic and business trends and to share global best practices.
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2012 sales and revenues of $65.875 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 and Progress Rail Services. More information is available at: http://www.caterpillar.com.
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