Caterpillar to invest $1 billion in China, other markets

Jim Owens, chairman of Caterpillar Inc., says his company plans to invest $1 billion in China and other emerging markets over the next three years. The move is largely seen as a challenge to Komatsu Ltd. in the Japanese manufacturer's own backyard. "Our goal is nothing short of being the leader in every major market by the year 2010 and on absolute terms for every major product line that we serve," Owens said earlier regarding Caterpillar's strategy in emerging markets.

View Full Article in:

Daily Journal (Kankakee, Ill.) · Peoria Journal Star (Ill.)

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Vice President, Science and Regulatory Affairs
American Beverage Association
Washington, DC
Director - Career Services
The Culinary Institute of America
Hyde Park, NY
Vice President, HEDIS & Performance Outcomes
Dayton, OH
Director of Contracting and Compliance
CareFirst BlueCross BlueShield
Multiple Locations, MD