March 23, 2012
Updated Mar 23, 2012 at 10:09 AM CDT
QINGZHOU, China -- Caterpillar Inc. announced Thursday investments in new products and additional capacity for Shandong Engineering Machinery (SEM). SEM is Cat's wholly owned Chinese construction equipment company.
"China has the largest construction equipment market in the world," Caterpillar Chairman and CEO Doug Oberhelman said. "Based on China's multi-year plan for continued infrastructure development and economic growth, we are continuing to invest in our operations in China to support our customers and to grow our business."
Expansion for SEM is expected to be completed in 2014. When the expansion is completed, Caterpillar hopes to see SEM's wheel loader capacity triple.
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