Caterpillar venture with Chinese firm will make drivetrain systems

04/8/2011 | Reuters

Caterpillar formed a joint venture with Shaanxi Fast Gear, a Chinese auto-parts maker. The companies will produce drivetrain systems and other components for Caterpillar's heavy machinery. Caterpillar owns 45% of the venture. Shaanxi, partially owned by Weichai Power, owns 51%.

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