Caterpillar (NYSE:CAT) Rolling Out Engines

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Caterpillar (NYSE:CAT) has started packaging diesel engines in Brazil. Caterpillar (NYSE:CAT) Rolling Out Engines According to a report appeared on 'American Machinist', Caterpillar (NYSE:CAT) is investing in new operations in Brazil. Local reports indicate that the construction and mining equipment manufacturer has a $200-million expansion program for its Caterpillar Brazil subsidiary. It produces 40 different machine models, including hydraulic excavators, compactors, wheel loaders, motor graders, backhoe loaders and track-type tractors. Richard Case, vice president Caterpillar (NYSE:CAT) said, “The strategic decision to expand product offerings packaged in Brazil is based on Caterpillar’s global corporate strategy, which forecasts continued positive growth in Brazil. Across the company, we consistently strive to win with customers and make it easy for them to do business with us. Increasing our presence in Brazil will enable us to achieve both goals.” Caterpillar Inc. (NYSE:CAT) shares are currently standing at 106.09. Price History Last Price: 106.09 52 Week Low / High: 54.89 / 116.55 50 Day Moving Average: 108.14 6 Month Price Change %: 31.2% 12 Month Price Change %: 58.9%