Sunday, August 7, 2011

Caterpillar (NYSE:CAT) Wants China Expansion

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tdp2664 E money daily Caterpillar (NYSE:CAT) has been planning a China expansion program. Caterpillar (NYSE:CAT) Wants China Expansion Caterpillar (NYSE:CAT) has said that it will open a new facility in Xuzhou, Jiangsu Province of China as a part of company's strategic move to continue expanding in the Asia Pacific region. The facility is being established to manufacture undercarriage components and track assemblies, which are utilized for Caterpillar (NYSE:CAT) hydraulic excavators. The 18,000 square-meters facility is expected to employ 400 people at full capacity. Caterpillar (NYSE:CAT)'s new facility construction is scheduled for 2011, and the main facility construction for mid-2012. Caterpillar Inc. (NYSE:CAT) shares were at 89.55 at the end of the last day’s trading. There’s been a -13.1% movement in the stock price over the past 3 months. Caterpillar Inc. (NYSE:CAT) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.83 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.83 Zack’s Rank: 3 out of 8 in the industry



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