Caterpillar Celebrates Opening Of Research And Development Center In China

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3rd December 2009, 01:23am - Views: 781






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MEDIA RELEASE PR37352


Caterpillar Celebrates Opening of Research and Development Center in China


BEIJING, Dec. 2 /PRNewswire-AsiaNet/ --


      State of the art facility to support growing operations in China and

                              Asia Pacific region


    Caterpillar Inc. (NYSE: CAT) executives and governmental leaders from

Wuxi, and Jiangsu province China today officially opened the company's new

multi-functional research and development (R&D) center in Wuxi, Jiangsu

province. The Wuxi R&D center will focus on engine and component product and

process development, validation, localization and technological training.

Among its many functions, the new center will have an engine test facility

with performance and emissions development capability, an advanced materials

laboratory, an electronics laboratory, a system and machine integration

facility and validation capability. Caterpillar Vice President and Chief

Technology Officer Tana Utley and Caterpillar China Division Vice President

Jiming Zhu took part in the grand opening ceremony.


    "As Caterpillar continues to increase its manufacturing presence in China

to support our growing Chinese customer base, it is strategically important

to have world-class product development and validation facilities in the

region," Utley said. "Around the world, Caterpillar products are known for

innovation, durability and reliability. This new R&D center underscores our

commitment to technical excellence in support of our Chinese manufacturing

operations," Utley said.


    The center is strategically located near Caterpillar's component

manufacturing facility in Wuxi that began production in June 2006, and the

company's Wuxi engine campus, which began production in 2009. It is also near

the medium wheel loader and motor grader manufacturing facility in Suzhou,

which began production in October 2009.


    The Wuxi R&D center is the third such Caterpillar facility in China. In

2005, Caterpillar established an R&D Center in Qingdao, Shandong Province for

product and process development in China. Caterpillar also has a design

center in Xuzhou established in 2003, primarily focused on product

improvement. Caterpillar has been building out its China business footprint

in recent years, and now employs more than 5,800 people in China across 11

manufacturing facilities and 10 business offices.


    "For more than 30 years, Caterpillar and its dealers have been investing

in China to support our customers and to help drive the unparalleled economic

progress that has taken place during that time," Zhu said. "China represents

the single largest opportunity for growth for Caterpillar, and our investment

in the Wuxi R&D center is yet another clear indication of Caterpillar's

commitment to our customers."


    About Caterpillar:

    For more than 80 years, Caterpillar Inc. has been making progress

possible and driving positive and sustainable change on every continent. With

2008 sales and revenues of $51.324 billion, Caterpillar is the world's

leading manufacturer of construction and mining equipment, diesel and natural

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gas engines and industrial gas turbines. The company also is a leading

services provider through Caterpillar Financial Services, Caterpillar

Remanufacturing Services, Caterpillar Logistics Services and Progress Rail



    SAFE HARBOR

    Certain statements in this release relate to future events and

expectations and as such constitute forward-looking statements involving

known and unknown factors that may cause actual results of Caterpillar Inc.

to be different from those expressed or implied in the forward-looking

statements. In this context, words such as "will," "would," "expect,"

"anticipate," "should" or other similar words and phrases often identify

forward-looking statements made on behalf of Caterpillar. It is important to

note that actual results of the company may differ materially from those

described or implied in such forward-looking statements based on a number of

factors and uncertainties, including, but not limited to, (i) adverse change

in general economic conditions; (ii) adverse change in the industries

Caterpillar serves including construction, infrastructure, mining, energy,

marine and electric power generation; (iii) Caterpillar's ability to manage

material, including steel, and freight costs; (iv) Caterpillar's ability to

generate cash from operations, secure external funding for its operations and

manage its liquidity needs; (v) material adverse change in customers' access

to liquidity and capital; (vi) currency exchange or interest rates changes;

(vii) political stability; (viii) market acceptance of the company's products

and services; (ix) significant changes in the competitive environment; (x)

epidemic diseases; (xi) severe change in weather conditions negatively

impacting operations; (xii) changes in law, regulations and tax rates; and

(xiii) other general economic, business and financing conditions and factors

described in more detail in "Item 1A - Risk Factors" in Part II of our Form

10-Q filed with the SEC on October 30, 2009 for the 3rd quarter of 2009. This

filing is available on our website at www.cat.com/sec_filings. We do not

undertake to update our forward-looking statements.


SOURCE: Caterpillar Inc.


    CONTACT: China, 

             Ding Wen of Caterpillar (China) Investment Co., Ltd.,

             (8610) 5921 0166, 

             ding_wen@cat.com, 


             or North America, 

             Jim Dugan of Corporate Public Affairs, 

             +1-309-494-4100, 

             dugan_jim@cat.com


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