Caterpillar Chairman and Owens stressed the importance of the Chinese market – Caterpillar, D Series excavators, Owens – construction machinery industry

Caterpillar Global Chairman Mr. Owens made a speech
3 23, world Construction Machinery Giant – Caterpillar Inc. (Caterpillar) D series held in Beijing Excavator Product launches. Caterpillar products we feel constantly update and upgrade process, you can see the Caterpillar in 2010 and even in the future to give confidence in China's economic growth. Caterpillar Chairman and CEO James? Owens in a recent China Development Forum, held in his speech, the Chinese response to the global Financial Crisis mode and effect is very appreciated and expected within the next five years, will house a number of Chinese construction machinery company quickly developed into a world-class enterprise.

"I am very grateful to you for giving me the opportunity today to meet with you, to witness such an opportunity to celebrate the Cat in the long-term investment and growth in China, another milestone in the process." Owens recalled Caterpillar 30 years in China, the development process, "Caterpillar continuous development to help customers and to promote China's economic growth, as in the past we all know, in the past 30 years, the Chinese economy has been growing rapidly, and this growth will certainly continue to persist. "

"We can see that in the past in 2009 and early 2010, we still see a very fast rate of economic growth. From the standpoint of our economy, we believe that China's economic policies adopted by the Government is correct, they in fact carried out effective economic stimulus package, which can not be excessive appreciation of how a compliment. focus on the development of infrastructure for their practice, which in China today and the future is very beneficial, valuable, efficient building infrastructure projects not just to create jobs and stimulate the economy. If established properly to enhancing the competitiveness of these economies have a positive and lasting impact, and of course we are very pleased to be able to Caterpillar's growth in China has played a considerable impetus. "Owens said.

In the eyes of Owens, Caterpillar's development in China during 30 years, has formed a deep bond with China, Caterpillar's global system, China has always been the most important part. "First began development in China, we import the products here, but today the situation is not the same, we have introduced a global business model to create value for customers. We are not only in China Sell Products, while establishing a joint venture company and our distributors are very close to Cooperation And many other important things to do, in addition to outside sales, including manufacturing, design, distribution, procurement and product support and R & D, and finally to help our customers to complete their growth. "

In fact, Caterpillar's global sourcing model is one of the fastest growing business in the growth process, the use of Six Sigma continue to enhance corporate power. In 2009, Caterpillar established in Wuxi, Jiangsu Province, a new R & D center, which is the third in R & D centers in China, carried out in this new R & D and product testing. Meanwhile, Caterpillar continues to increase its own manufacturing business in order to support a growing customer base in China, Owens that the Chinese manufacturer to establish a world-class R & D institutions is very important.

HC Owens Construction Machinery network to edit said Caterpillar in China's development must be localized to business, this approach will give Cat a greater expansion opportunities, it also represents Carter Bel market for such a great investment and commitment. China's domestic market is fiercely competitive, many foreign companies to compete on the world stage, but also to be challenging markets such as China to compete, so you can expand the development capabilities of each company. "Caterpillar's global business model provides us with tremendous support from finance to product sale, from manufacturing to logistics, we offer much more than product, in fact, we provide a very effective overall structure."

In addition, Caterpillar distribution system in China will provide customers with tailor-made integrated solutions, and truly meet customer needs. The dealer network is a powerful mode of competition, which can increase the value of Caterpillar products and services that can enhance the understanding of customer for Caterpillar products.

Finally, Owens said, "Our current hydraulic excavator products occupy an important position in the market because Caterpillar will continue to support China and other key markets in Asia's growing customer base in order to better meet the industry in a variety of customer applications, this growth reflected the Caterpillar lasting confidence in the Chinese market, with China's commitment to grow this way. "

Related News: Caterpillar D Series excavator product launches in Beijing

2010 3 23, the world's leading manufacturers of construction machinery equipment – Caterpillar Inc D Series excavators held in Beijing, media communication products will be. Caterpillar Inc. today announced the launch of an expanded version of the Cat ® D-Series hydraulic excavators. Since the market-leading D-Series hydraulic excavators in 2006, inception, this product line has added five new models of hydraulic excavators, the 312D, 315DL, 320DGC, 323DL and 324D, to meet China's booming construction projects industry's growing demand. Broadening of the product composition after a comprehensive product line, customers can better meet the industry demand for different applications, such as general construction, heavy construction and mining and quarrying applications.

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