Caterpillar announces major investment in China

CATERPILLAR ANNOUNCES MAJOR INVESTMENT IN CHINA WITH PLANS TO BUILD SMALL AND MEDIUM DIESEL ENGINES

The company launches core elements of its multi-year investment plan for China

(Full text of a statement. Contact details follow below.)

Beijing (ANTARA News/PRNewswire-AsiaNet) - Caterpillar Inc. (NYSE: CAT)
announced today its intention to build state-of-the-art small and
medium diesel engines in Wuxi, Jiangsu province, China. The engine
campus in Wuxi fits into Caterpillar's comprehensive global engine
strategy, and it is a key element in the rapid establishment of
Caterpillar's proven business model in China. Caterpillar has signed a
non-binding memorandum of understanding with the Wuxi National
High-Tech Industrial Development Zone outlining a significant
multi-year investment to develop and manufacture Perkins and
Caterpillar branded engines in Wuxi. The first of the planned
engine operations in Wuxi will focus on production of the Perkins 400
Series, the world-class and highly successful three and four-cylinder
diesel engines.
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