Caterpillar has announced that it is going to open a new factory manufacturing components for hydraulic excavators.
The new factory, planned to be based in China, will produce undercarriage components and track assemblies. Stu Levenick, the Group's president explains that a new factory is the company's latest strategic investment to continue Cat's presence and capacity in the Asia pacific region.
The 18 000 square metre facility is going to be situated in Xuzhou economic development zone. It will be built next to the Caterpillar Xuzhou hydraulic excavator facility, enabling the shipment of finished undercarriage components directly to the excavator factory for final assembly. When it reaches its full operational capacity, Caterpillar expects to employ nearly 400 people at the site. Cat's vice president, Greg Folley said this investment is going to allow the company to provide greater support for mining in Asia Pacific.
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