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Article: Caterpillar Completes Acquisition of Shandong SEM Machinery Co., Ltd.
- Article from:
- PR Newswire
- Article date:
- January 31, 2008
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Caterpillar will continue investing in employee development, product improvements and customer support programs at SEM
QINGZHOU CITY, China, Jan. 31 /PRNewswire-FirstCall/ -- Caterpillar Inc. has received final regulatory approval and completed the purchase of the remaining shares of Shandong SEM Machinery (SEM), a leading wheel loader manufacturer in China. Caterpillar purchased a minority stake in SEM in 2005 as part of its commitment to support its growing customer base in the Chinese construction equipment industry.
"Teamwork is one of Caterpillar's core values, and since our initial investment in SEM, we have collaborated with SEM management and ...