Caterpillar will buy Asian parts manufacturer

12/1/2009 | San Francisco Chronicle · Wall Street Journal, The

Caterpillar on Monday said it will purchase South Korean part manufacturer JCS Co. Ltd. Terms of the agreement that is subject to regulatory approval were not disclosed. JCS is a subsidiary of Jinsung T.E.C. Co., which supplies equipment to Caterpillar. "South Korea is growing in importance as a market for Caterpillar products and as a potential location for manufacturing in the region," said Rich Lavin, Caterpillar group president for the Asia-Pacific region.

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San Francisco Chronicle · Wall Street Journal, The

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