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.
- Wuxi profits double Wuxi Pharmaceutical (WX), a biotechnology and pharmaceutical research company, doubled its quarterly profits. China is moving up the value chain....
- IBM opens research center in Shanghai IBM opened its first research center in Beijing in 1995 but it understands the long-term global importance ofChina to its...
- Microsoft builds R&D center in Beijing Microsoft is spending $280 million to build a new R&D campus that will house 5,000 employees in Beijing and will...
{ 0 comments… add one now }