Article: Caterpillar moves Asia Pacific operations headquarters to Beijing

Caterpillar moves Asia Pacific operations headquarters to Beijing

BEIJING, Nov. 21 (Xinhua) -- Caterpillar Inc. 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 been listed as one of seven critical success factors needed for ...

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