Caterpillar To Raise Japanese Stakes 07/03/2008

It has been reported that leading manufacturer of Caterpillar Excavators and other construction machinery, Caterpillar are looking to spend around $580 million to obtain a majority stake in Japan.

Caterpillar excavators are produced by Caterpillar Inc, and the company looks set to take majority control of its stake in its Japanese joint venture, namely referred to as Shin Caterpillar Mitsubishi. The payment to the company will ensure that the manufacturer of Caterpillar excavators will obtain a share in the company of around two-thirds, a lift from its previous 50 percent.

The manufacturer of Caterpillar excavators will prove of integral importance to the Caterpillar excavator manufacturer as it has been reported that it relies upon this financial venture into Asia for its important hydraulic excavator technology.

Caterpillar excavators can be employed in a number of roles. These include the digging of trenches, holes and foundations, as well as in tasks relating to demolition, river dredging and mining. Often Caterpillar excavators, as well as excavators manufactured by other brands are employed alongside loaders and bulldozers. It should also be noted that among other excavator brands, Caterpillar excavators can be found in a variety of sizes. Smaller caterpillar excavators are referred to as mini-excavators.

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