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Article: SHIN CATERPILLAR MITSUBISHI TO BUY MORE PARTS OVERSEAS.

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AsiaPulse News
Article date:
June 22, 2006
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TOKYO, June 22 Asia Pulse - Shin Caterpillar Mitsubishi Ltd. plans to source more parts from foreign manufacturers, including Chinese firms.

The company aims to increase its foreign procurement share in fiscal 2010 to 10%, up from 4% in fiscal 2005. It expects to save about 20% on these purchases by using foreign suppliers.

Shin Caterpillar Mitsubishi spent around Y200 billion ($US1.74 billion) on raw materials in fiscal ...

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