Caterpillar is laying down tracks in China in a big way, with one of its most senior executives now based in Hong Kong.
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.
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...
Our editors will be looking ahead today to these developing stories ...
Government opens input on by-election plan
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....
The heavy truck industry in China is highly correlated with economic growth and is closely related to the property development, infrastructure and transport sectors.
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'.
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.
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.
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.
IT appears that the bullish sentiment on China's infrastructure plays will be sustained in the near term.
A WHOLLY owned subsidiary of Jardine Matheson has been appointed Taiwan dealer for Caterpillar, the US construction and industrial engineering company.