Caterpillar moving excavator business from Japan to U.S.?
Reports are Caterpillar (NYSE:CAT) has initiated a study which could possibly lead to transferring their Excavator business from Japan to the United States.
"The study is based on the current analysis of where the global excavator market is heading and how Caterpillar should position itself for continued leadership in the excavator industry," said Gary Stampanato, Caterpillar vice president with responsibility for excavators in a press release.
If the findings of the study make sense for such a move, Caterpillar would be the largest source of excavators serving the North American market.
The good news for Japan is it sounds like win/win situation if it comes about, as they could better serve the needs of the exploding Asia-Pacific markets, and would probably ramp up capacity and employment there as a result of the move - assuming it is decided by Caterpillar that they will go ahead with the transition.
1 comment:
I might believe this if it said they were considering a move to Mexico, but not the U.S. since Caterpillar is worried about the increased costs if Obamacare passes. More likely is that they will be moving U.S. manufacturing elsewhere.
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