Caterpillar's Acquisition Of A Comprehensive Business Model Car Slow Down

"2008 years, we plan to increase the world's 2.3 billion U.S

. dollars of new investment, of which a large part will be invested in emerging markets including China." March 21, Caterpillar Group President Pereira text (RichLavin) Life Building in Beijing's Chaoyang office door this reporter an exclusive interview revealed.

In fact, Caterpillar Investment Group is carrying out investigations in China, as the investment project is located.

This from the United States, "Machine King" a few years ago to buy seven known mechanical engineering companies in China, three years ago completed the acquisition of Shandong Engineering Machinery Group after a stunning move no longer.

According to reports, Pereira article earlier this year, just by the Caterpillar Caterpillar China Investment Corporation Chairman and was promoted to global chairman, this is a special trip back to Beijing to participate on March 22 organized by the National Development and Reform Commission, "2008 China's development Forum. "

Reporter: U.S. subprime mortgage crisis is spreading to the world, in this context, Caterpillar raised its 2008 financial results, why the expectations?

Pereira text: Indeed. Caterpillar profit in 2007 reached record levels, but according to the Board expected in 2008 we will reach in the global growth of 5% -10%, not only sales, is also the case for profit growth.

Although the subprime mortgage crisis on our sales and profits have more impact, but we will be rapid growth in the global market, it raised its earnings forecasts, primarily Caterpillar's sales structure has changed. In 2007, we in the U.S. market and overseas market sales ratio of 44%: 56%, 50% a few years ago has always been: 50%. This means that we rely on the U.S. market in the lower, other regions such as Asia, Africa are in high growth markets.

Reporter: So, you can not be revealed in the Chinese market this year, Caterpillar's new investment plans?

Pereira text: It is because of the Asia-Pacific, including China, the steady growth of emerging market performance, so this operation will increase our investment decision.

Specifically, in 2007 we have focused increased in Suzhou, Xuzhou, Wuxi, Tianjin investment. One new wheel loader in Suzhou factory has adopted the latest technology based, market-leading product technology. New Caterpillar Parts in Wuxi Industrial Park; in Tianjin, we have not only established a track assembly plant, an increase of last year the new engine production project group. The increase in new investment in China, we are not down to the country in which the number of specific investment.

Reporter: Does this mean that Caterpillar will increase direct investment, and to suspend acquisition of Chinese enterprises?

Pereira article: Speaking of direct investment, be sure the investment amount will be fully reflected the importance of the Chinese market. In fact, the investment is still continued in several cities, including spare parts and other ancillary equipment will be the focus of investment, rather than take direct acquisition strategy.

In addition, we will be more concerned about the rise of central China strategy, our work group has been with the Anhui Provincial government officials early communication, planning new projects. We also welcome Hunan and Hubei in central come to discuss investment. In fact, on the increase in new investment is not limited to Tianjin, the investigation group is also looking at different places, Tianjin, Anhui is one of station.

Caterpillar's Acquisition Of A Comprehensive Business Model Car Slow Down

By: zzj89@foxmail.com

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