The joint venture will provide pumps for use in Caterpillar products as well as third-party machinery and equipment.
“We look forward to expanding our components presence in China through this venture and leveraging our expertise to become a leading supplier for Caterpillar and OEM customers in this growing market,” said Hans Haefeli, Caterpillar vice president with responsibility for Advanced Components & Systems. “This strategic alignment will also enhance Caterpillar’s supply base and key component capacity in support of Caterpillar's machine capacity expansion plans in China.”
The new business will operate in Wuxi, Jiangsu Province, after receiving necessary government approvals.
