Corporate Social Responsibility Press Release
provided by 
9.04.2008 - 08:01am ET
News from:
Caterpillar Inc.
Caterpillar Expands Sustainable Product Offerings in Asia-Pacific With Plan to Open New Remanufacturing Facility in Singapore
New Singapore facility and additional product offerings will increase remanufacturing product portfolio for customers in emerging markets
(CSRwire) JURONG TOWNSHIP, Singapore, Sept. 4 /PRNewswire-FirstCall/ -- As part of
its strategic plan to increase remanufacturing operations and better
support the mining market in Asia, Caterpillar Inc. (NYSE: CAT) announced
today it will open a new remanufacturing facility in Singapore. The new
site will serve as the regional source for remanufactured major
components, including mining truck engines, transmissions, final drives
and torque converters.
"The opening of the facility in Singapore is evidence of our ability to
provide remanufactured products on a global scale to new markets and
customers," said Steve Fisher, Caterpillar vice president with
responsibility for remanufacturing. "This new facility increases our
global capacity and further demonstrates our commitment to providing
remanufactured products to customers around the world."
The facility in Singapore will expand Caterpillar's current
remanufacturing operations in the Asia-Pacific region, which includes an
existing Caterpillar remanufacturing facility located in Shanghai, China.
The new 20,000m(2) (215,168 ft (2)) remanufacturing facility will offer an
expanded product portfolio to support the mining market in Asia. The
Singapore facility is anticipated to be fully operational by mid-2010. The
new operation will be certified by the Singapore Building and Construction
Authority (BCA) Greenmark and is planned to receive the U.S. Green
Building Council LEED Compliant status. Construction will begin during
the fourth quarter of this year.
The establishment of the Singapore facility expands Caterpillar's regional
sourcing and business strategy, allowing dealers in Asia to meet the
product support challenges associated with growth in the region tied to
mining and large infrastructure projects.
"Caterpillar's strong marketing and distribution presence in Singapore
will provide the much-needed support for building another world-class,
customer-focused remanufacturing facility in the region," said Rod Beeler,
Caterpillar vice president with responsibility for the Asia Pacific
Marketing Division.
According to Caterpillar Group President Doug Oberhelman, the opening of
the remanufacturing facility is further evidence of the company's
commitment to sustainable development. "Compared to manufacturing new
components, remanufacturing requires less energy, less water and fewer raw
materials.The facility in Singapore will support our mining customers in
the region by offering a sustainable solution, enabling those customers to
provide for the future energy needs of the developing world," said
Oberhelman.
The Singapore facility will join 17 other Caterpillar remanufacturing
facilities located in the United States, Mexico, Europe and Asia.
Caterpillar is one of the world's largest remanufacturers, recycling more
than two million pieces and 140 million pounds of core material annually.
It uses state-of-the-art remanufacturing technology to recycle used
products, such as engines and transmissions, into like-new components.
About Caterpillar
For more than 80 years, Caterpillar Inc. has been making progress possible
and driving positive and sustainable change on every continent. With 2007
sales and revenues of $44.958 billion, Caterpillar is the world's leading
manufacturer of construction and mining equipment, diesel and natural gas
engines and industrial gas turbines. The company also is a leading
services provider through Caterpillar Financial Services, Caterpillar
Remanufacturing Services, Caterpillar Logistics Services and Progress Rail
Services. More information is available at: http://www.cat.com.
SAFE HARBOR
Certain statements in this release relate to future events and
expectations and as such constitute forward-looking statements involving
known and unknown factors that may cause actual results of Caterpillar
Inc. to be different from those expressed or implied in the
forward-looking statements. In this context, words such as "will,"
"expect," "anticipate" or other similar words and phrases often identify
forward-looking statements made on behalf of Caterpillar. It is important
to note that actual results of the company may differ materially from
those described or implied in such forward-looking statements based on a
number of factors and uncertainties, including, but not limited to,
changes in economic conditions; currency exchange or interest rates;
political stability; market acceptance of the company's products and
services; significant changes in the competitive environment; epidemic
diseases; changes in law, regulations and tax rates; and other general
economic, business and financing conditions and factors described in more
detail in the company's Form 10-Q filed with the Securities and Exchange
Commission on August 1, 2008. This filing is available on our website at
http://www.cat.com/secfilings.
We do not undertake to update our forward-looking statements.
For more information please contact:
Jim Dugan, Public Affairs
Caterpillar Corporate
+1-309-494-4100
+1-309-360-7311
Kate Wang, Caterpillar (China) Investment Co., Ltd.
(86-10) 5921 0112
(86) 1350 108 4027
News Categories:
Sustainability and Green Building
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