Caterpillar Inc. has signed an investment agreement with the Suzhou Industrial Park Administrative Committee (SIPAC) to build a new wheel loader manufacturing facility in the Suzhou Industrial Park in China's Jiangsu province. The new production facility will be wholly owned and operated by Caterpillar.
"This facility will add to Caterpillar's growing operations in China and provide the primary manufacturing source for Caterpillar wheel loaders in the Asia Theater," said Rich Lavin, vice president of operations for Caterpillar's Asia Pacific Division.
The proposed facility will be located on 57 acres of land in the Suzhou Industrial Park. Caterpillar intends to begin construction of the 350,000-square-foot building in early 2007 pending appropriate governmental approvals.