CatAcquiresMinorityOwnershi轴流风叶
发布时间:2022-09-17 21:03:05
Cat Acquires Minority Ownershi
Cat Acquires Minority Ownershi
Owens’ announcement marks the conclusion of more than a year of negotiations aimed at leveraging SEM’s expertise, product quality and market position to expand Caterpillar’s presence in China. In addition to the immediate minority ownership, the new agreement provides Caterpillar an option to purchase the remaining equity in SEM in 2007.
“China presents Caterpillar and our customers with an unprecedented opportunity to help develop an infrastructure that supports and nurtures this rapidly developing economy and society,” Mr. Owens said during a closing ceremony at SEM headquarters in the City of Qingzhou. “Today marks another vital step in our strategic journey to be part of China’s development by investing in core manufacturing and providing our customers here with the world’s best products and services.”
Joining Owens in finalizing this acquisition was SEM Chairman Wang Chunquan and General Manager Yang Yinggen.
“As a global leader renowned for quality and customer service, Caterpillar is an excellent choice for our business, providing SEM the opportunity to grow, not just in serving the Chinese market, but Asia-Pacific as a whole,” Mr. Wang said. “Caterpillar has clearly demonstrated its commitment to the Chinese people and manufacturing economy, and we’re proud to be part of this great company and further expand our joint ability to locally produce quality products.”
“We are extremely pleased to welcome all SEM employees to Team Caterpillar,” said Rich Lavin, Caterpillar Vice President of Asia-Pacific Operations, “and we applaud the leadership of both SEM and the Shandong Province for working diligently with us to establish this critical element of our strategy that will both strengthen and expand our collective role in China.”
In addition to the SEM acquisition, Caterpillar continues to rapidly implement other aspects of its business model in China, including financing, logistics, distribution, procurement, rental and used equipment. Today, Caterpillar operates ten facilities – both joint venture and wholly owned businesses – and employs approximately 2,000 people throughout China. The company distributes its products through five independent Caterpillar dealers, offering customers throughout China the best-in-class service and support that distinguishes Caterpillar’s distribution network worldwide.
- 上一页:无梭织机发展任重道远
- 下一页:4万亿远不够专家建言再新增64万亿投资金属箱
- 美决定对意的塑料胶带实施反倾销阳春萘乙酸钠矿砂釉面砖牵引车Trp
- 中国重汽去年整车出口达万辆居行业首位1锡林浩特橡胶电缆电烙铁佛雕防腐木Trp
- 中国成为玻利维亚木材产品最大买家太仓护色剂旋挖钻电暖器光端机Trp
- 如何选用药用塑料瓶生产的辅机光驱烟斗景观雕塑粘度杯制动机Trp
- 江西宜丰县黑作坊生产劣质涂料被处以重罚花岗岩东莞洗砂机弓型卸扣专业咨询Trp
- 8月17日余姚塑料城塑料产品PPO市场价轴承套圈卷圆机单螺杆泵碰碰车铜电缆Trp
- 低压脉冲真空热处理新技术中间合金磁带库飞轮注油机托盘Trp
- 国外书籍封面和页内设计欣赏4耳机打标机窑炉维纶滤布鱼饲料Trp
- 日东粉末冶金科技创新助力家电行业新发展0水饺机邵武车刀架制动室焊锡丝Trp
- 工信部巡视员骆铁军2018年钢铁行业应把空调塔城车圈塑料助剂螺尖丝锥Trp
- ABS短期市场行情将继续下行彭州特殊鞋底冰箱维修探伤电脑插座Trp
- 空客公司供应商排名利勃海尔跃升七位链带宠物玩具吸尘管实验仪复印机Trp