17 Feb '12, 11pm

Caterpillar to shift production from Japan to US

Caterpillar to shift production from Japan to US

NEW YORK: Caterpillar said on Friday it was shifting production of small tractors and excavators from its Sagami, Japan plant to the United States. The world's leading construction equipment maker said it will build a new $200 million facility near Athens, Georgia, that will produce small track-type tractors and mini hydraulic excavators. The facility is expected to directly employ 1,400 people and generate another 2,800 jobs among suppliers and other supporting businesses. "The decision to shift production from Japan to the United States is driven by the proximity to a large base of customers in North America and Europe," Mary Bell, the head of the division, said in a statement. "Our objective is to better serve those customers from this new factory." "We are making a series of significant investments around the world to position Caterpillar to maintain its leadership pos...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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