Caterpillar to expand its R&D capacity in China

Article by Anita Panait, on January 4, 2012

Caterpillar will expand its R&D capacity and production facility in China to develop new wheel loaders for the Chinese mining industry. Caterpillar will set up Asia Pacific Proving Ground, which will provide validation and product development services for the company’s machinery produced in China and the Asia/Pacific region.

The new facilities will be the recent addition to the company’s manufacturing plants, three R&D centers and three logistics and parts centers in the Asian nation. The Asia Pacific Proving Ground will be located near the company’s manufacturing plants and supply base in China, speeding up product development cycle times. This move will allow the company to develop, introduce and market new products quicker, and will translate to larger market share.

The planned wheel loader manufacturing plant, meanwhile, will produce a new model, which is currently under development at the company’s Wuxi R&D Center. Caterpillar is relying on the high demand for large machinery and mining equipment in China to increase its market share in the country and other emerging Asian economies.

The company hopes to counter the effects of economic slowdown in the U.S., Japan and Europe by concentrating on growing markets like China.

Topics: china

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Volkswagen Group’s dieselgate saga continues, but it appears the German company would be able to get out of trouble, but it would not be unscathed. This development comes as Volkswagen...
by - January 22, 2017
When a car has been in the market for nearly six years, it loses some of its luster and its customers tend to go for the all-new model with a...
by - January 22, 2017
Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries