Caterpillar

Caterpillar is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The name Caterpillar has been attributed to attempts to solve the problem of heavy steam tractors becoming bogged down by replacing the wheels on a machine with a set of wooden tracks bolted to chains in 1904, prompting the observation by a company employee that the machine crawled "like a caterpillar". The company moved to East Peoria in Illinois a few years later, eventually buying a factory to begin operations. The name Caterpillar was trademarked in 1910.

China growth picture may dim, but for Caterpillar it’s a bright spot

Caterpillar has benefited from the Chinese domestic construction boom as well as the global mining boom. Photo: Reuters

Few US companies have had a harder time in recent months defending their enthusiasm for China than Caterpillar.

Thursday, 7 May, 2015, 3:21pm

China, once US companies’ great hope, now a drag

KFC’s parent, Yum Brands, gets nearly 51 per cent of revenue from China, highlighting US companies’ exposure to any slowdown on the mainland. Photo: Reuters

It’s official: China’s slowdown is starting to hurt corporate America.

As the world’s second-largest economy - and still growing - China is seen as a primary source of revenue growth by the largest US companies. But a country that once boasted double-digit growth is now growing at a more modest 7.5 per cent rate, its credit markets are overheated and fears of a housing bubble remain.

7 May 2015 - 3:21pm

Digging in for the long haul in China

Caterpillar is laying down tracks in China in a big way, with one of its most senior executives now based in Hong Kong.

24 Mar 2012 - 12:00am

Caterpillar to steam ahead with China expansion plans

Caterpillar, the world's largest manufacturer of construction and mining equipment, expects to ratchet up its expansion plans and post stronger sales on the mainland on the back of the domestic economy's steady growth.

28 Jan 2012 - 12:00am

Talking points

Our editors will be looking ahead today to these developing stories ...

Government opens input on by-election plan

22 Jul 2011 - 12:00am

No house, no money, but tough teen shoulders family burdens

Dangqiu Lamao, her hair in a neat, long braid, has a quiet, patient demeanour rare in most 15-year-old girls.

Her calm nature is even more unusual considering Dangqiu's life.

18 Apr 2011 - 12:00am

Wheel could be turning again for Weichai

The heavy truck industry in China is highly correlated with economic growth and is closely related to the property development, infrastructure and transport sectors. Demand for heavy trucks often exhibits clear industry cycles, accelerating for a few years and then decelerating; in extreme cases, demand even shrinks for a year or two.

18 Jun 2006 - 12:00am

Disgusting

I refer to the article which appeared in the Agenda section of the Sunday Morning Post, on November 28, headlined 'Killing time at cruelty park'.

5 Dec 1999 - 12:00am

Jardine gets Caterpillar dealership in China

Jardine Pacific says it has been appointed the exclusive dealer for Caterpillar earth-moving and construction equipment in China's Fujian, Jiangxi and Hunan provinces.

The new territory covered some 136 million people and opportunities such as airport and highway construction projects, railway construction and electric-power generation, the company said yesterday.

5 Jun 1996 - 12:00am

Diesel partner proposes cost controls to trim losses

Shanghai Diesel Engine's 45 per cent owned joint venture with Caterpillar of the United States made losses of 31.7 million yuan (about HK$29.42 million) last year, analysts were told yesterday.

Analysts said after a meeting with the company's management it appeared the two partners were divided on how the business should be run.

22 May 1996 - 12:00am

US$10m loan for generators

KA Wah International Merchant Finance has signed a five-year US$10 million syndicated loan facility over to Diesel Engine Power Plant, a Sino-foreign joint venture in Zhuhai. The loan will be used to import two sets of 9,680-kilowatt German diesel power generators which will increase the agricultural and industrial productivity of the county.

3 Jun 1994 - 12:00am

Expansion plans make Shanghai Diesel safe bet

IT appears that the bullish sentiment on China's infrastructure plays will be sustained in the near term.

16 Jan 1994 - 12:00am

Jardine unit in Taiwan deal

A WHOLLY owned subsidiary of Jardine Matheson has been appointed Taiwan dealer for Caterpillar, the US construction and industrial engineering company.

Jardine has bought some of the assets of the previous dealer, Cathcan Equipment. It will operate service facilities as well as importing and selling Caterpillar equipment.

1 May 1993 - 12:00am