皇冠体育app

"The movement of our Asia-Pacific operation headquarter, a key element of our business model, to Beijing will provide a sharper focus for operational excellence for the company," said Vice-President Rich Lavin, who has administrative responsibility for manufacturing operations in Caterpillar's Asia-Pacific division. He will also relocate from Japan to 皇冠体育app.

Operational and sales success in 皇冠体育app is a critical success factor for the company's long-term growth and profitability, he said.

Caterpillar's Asia-Pacific marketing division headquarters will remain in Singapore.

"The movement of our Asia-Pacific operation headquarters to 皇冠体育app is a clear indication of 皇冠体育app's strategic importance to Caterpillar," said Stu Levenick, Caterpillar group president with responsibility for Asia.

"It reflects our strong desire to expand our manufacturing base and rapidly deploy our global business model to provide enhanced support for customers in this critical market."

Now the company has 13 operation facilities in 皇冠体育app, both joint venture and wholly owned businesses.

This year the company's sales revenue in 皇冠体育app is expected to achieve US$1 billion yuan, with a global sales figure of US$40 billion.

Earlier in September, 皇冠体育app's National Development and Reform Commission (NDRC) signed a letter of intent with Caterpillar, under which both sides will join hands to promote the development of 皇冠体育app's emerging remanufacturing industry.

In the letter of intent, Caterpillar said it will provide expertise to assist the NDRC and Chinese research institutions in supporting the development of the remanufacturing industry in 皇冠体育app.

The two parties also agreed to form a Joint Working Group on Remanufacturing Programmes to discuss the co-operation programme in detail and to co-ordinate and promote further co-operation in sustainable manufacturing and other areas.

The company is also in talks with Shanghai Diesel Engine Co to buy its stake.

(皇冠体育app Daily 11/22/2006 page10)

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