How is the heavy equipment business doing in China? Here is what Caterpillar said.
Caterpillar said it expects its sales in China to double from $2 billion this year to $4 billion by 2010. “I fully expect that oursales growth in china will continue at a very highlevel for many years to come.”
Caterpillar is confident about China that is will invest $20 million to build a research and development center in theChinese city of Wuxi.
