Caterpillar Continues Build Out of Business Model in China; Announces Grand Opening of New Facility and Completed Expansion of Another Facility in Wuxi, China

Mon Mar 25, 2013 11:30pm EDT

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link

With the opening of the new facility in Wuxi, China, Caterpillar now has 24
factories operating in China
BEIJING,  March 25, 2013  /PRNewswire/ -- Focusing on the long-term
opportunities related to economic development and infrastructure investment
planned for  China, Caterpillar Inc. (NYSE: CAT) executives today announced the
opening of a new facility and the completed expansion of another facility in
Wuxi,  China. Caterpillar opened its 23,000-square-meter power train facility in
Wuxi to produce axles, transmissions and final drives for use in a range of
Caterpillar earthmoving and mining machinery. The company has also completed a
17,000-square-meter expansion at an existing component facility in Wuxi to
produce hydraulic cylinders for Caterpillar machines. Both facilities are part
of Caterpillar's Advanced Components & Systems Division which designs and
manufactures technologically advanced components for Caterpillar machines and
customers around the world.

"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

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.

About Caterpillar:  
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:

Forward-Looking Statements
Certain statements in this press release relate to future events and
expectations and are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995.  Words such as "believe,"
"estimate," "will be," "will," "would," "expect," "anticipate," "plan,"
"project," "intend," "could," "should" or other similar words or expressions
often identify forward-looking statements.  All statements other than statements
of historical fact are forward-looking statements, including, without
limitation, statements regarding our outlook, projections, forecasts or trend
descriptions. These statements do not guarantee future performance, and we do
not undertake to update our forward-looking statements.  

Caterpillar's actual results may differ materially from those described or
implied in our forward-looking statements based on a number of factors,
including, but not limited to: (i) global economic conditions and economic
conditions in the industries and markets we serve; (ii) government monetary or
fiscal policies and infrastructure spending; (iii) commodity or component price
increases, fluctuations in demand for our products, or limited availability of
raw materials and component products, including steel; (iv) our and our
customers', dealers' and suppliers' ability to access and manage liquidity; (v)
political and economic risks and instability, including national or
international conflicts and civil unrest; (vi) our and Cat Financial's ability
to: maintain credit ratings, avoid material increases in borrowing costs, and
access capital markets; (vii) the financial condition and credit worthiness of
Cat Financial's customers; (viii) changes in interest rates or market liquidity;
(ix) changes in financial services regulation; (x) inability to realize expected
benefits from acquisitions, including ERA Mining Machinery Limited, and
divestitures, including the divestiture of the Bucyrus International, Inc.
distribution business to our independent dealers; (xi) international trade and
investment policies; (xii) market acceptance of our products and services;
(xiii) changes in the competitive environment, including market share, pricing
and geographic and product mix of sales; (xiv) successful implementation of
capacity expansion projects, cost reduction initiatives and efficiency or
productivity initiatives, including the Caterpillar Production System; (xv)
inventory management decisions and sourcing practices of our dealers or original
equipment manufacturers; (xvi) compliance with environmental laws and
regulations; (xvii) alleged or actual violations of trade or anti-corruption
laws and regulations; (xviii) additional tax expense or exposure; (xix) currency
fluctuations; (xx) our or Cat Financial's compliance with financial covenants;
(xxi) increased pension plan funding obligations; (xxii) union disputes or other
labor matters; (xxiii) significant legal proceedings, claims, lawsuits or
investigations; (xxiv) compliance requirements imposed if carbon emissions
legislation and/or regulations are adopted; (xxv) changes in accounting
standards; (xxvi) failure or breach of information technology security; (xxvii)
adverse effects of natural disasters; and (xxviii) other factors described in
more detail under "Item 1A.  Risk Factors" in our Form 10-K filed with the SEC
on February 19, 2013 for the year ended December 31, 2012.  This filing is
available on our website at   

SOURCE  Caterpillar Inc.

Jim Dugan, Global Government & Corporate Affairs, +1-309-494-4100,, or Penny Wu, Global Government & Corporate Affairs, +86 10
5921 1422,

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.