https://www.scmp.com/rss/112692/feed 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... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Few US companies have had a harder time in recent months defending their enthusiasm for China than Caterpillar. In January, executives acknowledged that accounting misconduct at a Chinese subsidiary would wipe out nearly half of Caterpillar’s expected earnings in the fourth quarter of last year. Last week, its China exposure was criticised by a top short-seller who warned China’s economic growth was essentially a state-sponsored bubble that was about to burst. But on Wednesday, executives at the... https://www.scmp.com/business/companies/article/1290248/china-growth-picture-may-dim-caterpillar-its-bright-spot?utm_source=rss_feed https://www.scmp.com/business/companies/article/1290248/china-growth-picture-may-dim-caterpillar-its-bright-spot?utm_source=rss_feed Thu, 25 Jul 2013 01:36:54 +0000 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. The slowing has occurred as major US names garner more revenue from Asia. Among 18 S&P companies with large... https://www.scmp.com/business/companies/article/1286176/china-once-us-companies-great-hope-now-drag?utm_source=rss_feed https://www.scmp.com/business/companies/article/1286176/china-once-us-companies-great-hope-now-drag?utm_source=rss_feed Fri, 19 Jul 2013 07:36:15 +0000 Caterpillar is laying down tracks in China in a big way, with one of its most senior executives now based in Hong Kong. The move to shift group president Richard Lavin to the city makes sense for the company, whose fortunes are increasingly tied to this region. The mainland is now the world's largest market for construction equipment, but Caterpillar is facing stiffer competition from cheaper Chinese rivals. Lavin is the first group president of the world's largest manufacturer of construction... https://www.scmp.com/article/996350/digging-long-haul-china?utm_source=rss_feed https://www.scmp.com/article/996350/digging-long-haul-china?utm_source=rss_feed Fri, 23 Mar 2012 16:00:00 +0000 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. The US-based company, which yesterday reported record global revenue of US$60.14 billion last year, forecasts the mainland economy to be on track to grow at about 8.5 per cent this year and for the government to continue easing bank lending policies. That outlook meant... https://www.scmp.com/article/991106/caterpillar-steam-ahead-china-expansion-plans?utm_source=rss_feed https://www.scmp.com/article/991106/caterpillar-steam-ahead-china-expansion-plans?utm_source=rss_feed Fri, 27 Jan 2012 16:00:00 +0000 Our editors will be looking ahead today to these developing stories ... Government opens input on by-election plan After weeks of controversy, the Hong Kong government will today unveil the shape and scope of a public consultation process to determine how people feel about its plan to scrap by-elections for mid-term vacancies in the city's Legislative Council. The plan has divided those who see it as a fundamental denial of democratic rights and those who argue that deliberately instigated... https://www.scmp.com/article/974170/talking-points?utm_source=rss_feed https://www.scmp.com/article/974170/talking-points?utm_source=rss_feed Thu, 21 Jul 2011 16:00:00 +0000 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. Last year's earthquake in Qinghai shattered the family's house in Jiegu town and further injured her mother, 33, who was already suffering from a congenital eye disease. Her father died in an accident five years ago, so Dangqiu shouldered the responsibility of caring for her family. The girl, with her mother, brother and... https://www.scmp.com/article/965413/no-house-no-money-tough-teen-shoulders-family-burdens?utm_source=rss_feed https://www.scmp.com/article/965413/no-house-no-money-tough-teen-shoulders-family-burdens?utm_source=rss_feed Sun, 17 Apr 2011 16:00:00 +0000 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. The industry is dominated by a handful of manufacturers - Dongfeng, First Auto Works (FAW), China Heavy Duty Truck Group (CHDTG), Shaanxi Heavy Duty, Futian,... https://www.scmp.com/article/553260/wheel-could-be-turning-again-weichai?utm_source=rss_feed https://www.scmp.com/article/553260/wheel-could-be-turning-again-weichai?utm_source=rss_feed Sat, 17 Jun 2006 16:00:00 +0000 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'. I also happened to see CNN's television coverage of this disgusting spectacle which showed images of live farm animals mauled to death by tigers in front of an appreciative, cheering audience at a game park near Guilin in Guangxi, one of China's top tourist spots. The 'entertainment' also features live chickens and ducks being dangled from fishing... https://www.scmp.com/article/301670/disgusting?utm_source=rss_feed https://www.scmp.com/article/301670/disgusting?utm_source=rss_feed Sat, 04 Dec 1999 16:00:00 +0000 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. https://www.scmp.com/article/162398/jardine-gets-caterpillar-dealership-china?utm_source=rss_feed https://www.scmp.com/article/162398/jardine-gets-caterpillar-dealership-china?utm_source=rss_feed Tue, 04 Jun 1996 16:00:00 +0000 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. One Shanghai analyst said: 'Diesel Engine is concerned about the earnings the joint venture could provide in the next couple of years and so is striving to cut losses... https://www.scmp.com/article/160636/diesel-partner-proposes-cost-controls-trim-losses?utm_source=rss_feed https://www.scmp.com/article/160636/diesel-partner-proposes-cost-controls-trim-losses?utm_source=rss_feed Tue, 21 May 1996 16:00:00 +0000 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. https://www.scmp.com/article/76489/us10m-loan-generators?utm_source=rss_feed https://www.scmp.com/article/76489/us10m-loan-generators?utm_source=rss_feed Thu, 02 Jun 1994 16:00:00 +0000 IT appears that the bullish sentiment on China's infrastructure plays will be sustained in the near term. With the prices of some quality infrastructure plays such as Jinqiao and Outer Gaojiao already ramped up by long-term investors to well over 20 times their 1994 earnings, Shanghai Diesel Engine could be an alternative for investors who want to participate indirectly from the rapid expansion of infrastructure facilities. The recently listed Shanghai Diesel Engine is the leading... https://www.scmp.com/article/59230/expansion-plans-make-shanghai-diesel-safe-bet?utm_source=rss_feed https://www.scmp.com/article/59230/expansion-plans-make-shanghai-diesel-safe-bet?utm_source=rss_feed Sat, 15 Jan 1994 16:00:00 +0000 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. https://www.scmp.com/article/27876/jardine-unit-taiwan-deal?utm_source=rss_feed https://www.scmp.com/article/27876/jardine-unit-taiwan-deal?utm_source=rss_feed Fri, 30 Apr 1993 16:00:00 +0000