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Article: CATERPILLAR MOVES ASIA PACIFIC HQ TO BEIJING.
- Article from:
- AsiaPulse News
- Article date:
- November 22, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Nov 22 Asia Pulse - US-based Caterpillar Inc., a leading manufacturer of construction and mining equipment, engines and turbines, announced here Tuesday that it will move its Asia Pacific operations headquarters from Tokyo to Beijing.
Vice president for the firm's Asia Pacific division Rich Lavin, who has just relocated from Japan to Beijing, said the move to China was a clear indication of China's strategic importance to Caterpillar.
"Operational and sales success in China is a critical success factor for the company's long-term growth and profitability," he added.
As part of Caterpillar's Vision 2020 outlined last year, China has ...