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A announced it will build a ground facility and large wheel loader manufacturing in the city of Tongzhou, Jiangsu Province. The test site is an expansion of Caterpillar's research and development efforts in China and help to develop machinery for Caterpillar in China and the Asia-Pacific.
The large wheel loader manufacturing facility will produce a new model for wheel loaders in development at Caterpillar Wuxi R & D center, also in Jiangsu.Its products loader will be sold in China and other growing markets such as India, Indonesia, Middle East and Africa.
The site is located in Tongzhou near several existing manufacturing facilities of Caterpillar in China, and is also close to most of the supply bases of the company. The company currently has 16 manufacturing facilities, three research and development, six branches and three logistics centers and parts in China.
By buying Bucyrus, Caterpillar avoids the cost and uncertainty to launch a new product line from scratch. Bucyrus Caterpillar provides a wide range of products and respected electric-powered shovels and drag lines, drilling and mining equipment underground coal mining machines compliments. The Milwaukee company has recently passed through town rival Joy Global Inc. (JOYG) as the world's largest manufacturer of mining equipment when he bought the mining equipment company Terex Corp. (TEX) earlier this year.
It was the 23rd straight three-month period of retail sales growth for the world's largest seller of bulldozers, excavators and wheel loaders. But growth has been moderating in most of Caterpillar's geographic markets because of tougher year-earlier
more...The plant produces hydraulic components and systems for a variety of Caterpillar machines, including track-type tractors, wheel loaders and mining trucks. IAM's strike follows a high-profile labour dispute that took place late last year between
more...The plant produces hydraulic components and systems for a variety of Caterpillar machines, including track-type tractors, wheel loaders and mining trucks. Shares of Caterpillar were down 2.1 percent, or $2.03, at $95.16 in mid-morning trading on the
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