Caterpillar plans to build diesel engines in China http://www.reuters.com/article/tnBasicIndustries-SP/idUSN2823220020070828?sp=true
Tue Aug 28, 2007
(Adds executive comment, details, background, changes dateline from NEW YORK)
CHICAGO, Aug 28 (Reuters) - Heavy equipment maker Caterpillar Inc. (CAT.N: Quote, Profile, Research) said on Tuesday it plans to build small- and medium-sized diesel engines in China. Caterpillar said it has signed a nonbinding memorandum of understanding with the Wuxi National High-Tech Industrial Development Zone outlining a significant multi-year investment to develop and manufacture Perkins and Caterpillar branded engines in Wuxi, which is in Jiangsu province. http://www.reuters.com/article/tnBasicIndustries-SP/idUSN2823220020070828?sp=true