Company leverages China's most renowned trade show in construction industries to demonstrate its long-term commitment to China
SHANGHAI, Nov. 27, 2012 /PRNewswire/ -- With the theme of "Building customer success for over 100 years," Caterpillar Inc. (NYSE: CAT) is showcasing its industry leadership at bauma China 2012, the International Trade Fair for construction machinery, building material machines, construction vehicles and equipment.
Located at the Shanghai Exhibition Center, the Caterpillar display covers more than 12,000 square meters, the largest trade show display ever for Caterpillar. Caterpillar's bauma China booth is showcasing nearly 50 machines, including six new products, as well as services and technology that can be widely applied by its growing base of Chinese customers. The company's products are also ideally suited to support China's 12th Five-Year Plan, which includes a focus on industrial developments for new roads, water and irrigation projects, railway expansion, new airports, urban construction and energy development.
"Caterpillar's products are playing a positive role as our Chinese customers take part in the on-going economic development in China by supporting infrastructure development, energy production and resources utilization," said Caterpillar Group President and Chief Financial Officer Ed Rapp, who will take on a new role of Group President with responsibility for Construction Industries beginning next year. "In China, we believe the long-term outlook is positive for the industries Caterpillar serves, and China remains an important emerging market for Caterpillar. Just as we have done in other regions of the world, we are focused on systematically building out our business model in China to enable customer success."
Win in China is one of the "Big 8" Imperatives in Caterpillar's enterprise strategy. In recent years, Caterpillar and its independent dealers have made significant investments to expand the range of products and components produced in China, increase and improve customer support services and expand and enhance dealer coverage in every province.
"At Caterpillar, we are proud to call China home, and we continue to make significant investments to increase our facilities and grow our employee base in China," said Qihua Chen, currently General Manger of Caterpillar (Xuzhou) Limited. Chen will take on the newly announced role of Caterpillar Vice President with responsibility for China Operations beginning next year. "Caterpillar's products, services and solutions are well positioned to fit with China's drive for an environmentally sustainable economy and industrial upgrading."
Interesting facts about the Caterpillar exhibit include:
About Caterpillar:
For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 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.
