Caterpillar Sees Growth In Chinese Construction Ownership 02/02/2008

Leading excavator manufacturer Caterpillar has announced that it has acquired Shandong, a Chinese company also responsible for the manufacture of excavators. This was ensured through Caterpillar purchasing the remainder of the excavator company, after it already purchased a minority stake so as to support and encourage a growing Chinese customer base of Caterpillar excavators. brbr
As a result of the financial move, Caterpillar as a manufacturer of excavators is now the owner of Shandong, now a construction and excavator manufacturer which is a fully owned subsidiary of the construction giant, Caterpillar. brbr
Shandong is a prolific excavator manufacturer and distributor in China, with over 130 sales offices throughout the nation, and employs over 2000 members of staff. Caterpillar, however, is much more popular on a broader, global scale, with 10,000 Caterpillar employees in the UK alone. With this in mind, the UK provides the largest base aside for the USA for the excavator production giant. Caterpillar also produces construction vehicles other than excavator vehicles, including categories such as backhoe loaders, forklifts, and compacters. brbr
Caterpillar is not the sole excavator producer to tap into the Chinese construction market. Hitachi Construction Machinery Co., arguably one of the largest excavator producers, is seen as going from strength to strength. This is despite an ostensible slump in construction in the United States of America, which, it could be argued has been counteracted by increases in construction in other countries. For example, increasing demand for construction in rapidly expanding companies such as Russia, China, India and parts of Asia has seen an increased demand for construction vehicles, notably, in the case of Hitachi, the need for excavators and mini excavators.

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