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Caterpillar exports China-made goods
Source: Agencies |
August 10, 2012, Friday
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Print Edition
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CATERPILLAR Inc has begun exporting Chinese-made machinery to countries in the Middle East and Africa, part of a plan to offset a dip in China's economic growth, a top official at the company has said.
The move by the world's largest maker of construction equipment is only temporary and the company still expects China to remain its fastest growth market over the long term, said Richard Lavin, who oversees Caterpillar's business in China.
Lavin declined to name specific countries in the Middle East and Africa where the Chinese-made goods are headed, or list the amount of product, but noted front-end loaders and excavators comprise the bulk of exports.
The move by the world's largest maker of construction equipment is only temporary and the company still expects China to remain its fastest growth market over the long term, said Richard Lavin, who oversees Caterpillar's business in China.
Lavin declined to name specific countries in the Middle East and Africa where the Chinese-made goods are headed, or list the amount of product, but noted front-end loaders and excavators comprise the bulk of exports.
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