Caterpillar Reman Signs Deal in China

Posted on September 14, 2006

Caterpillar Inc. and China's National Development and Reform Commission (NDRC) have signed a letter of intent through which Caterpillar and NDRC will promote the development of China's remanufacturing industry.

As part of the letter of intent, Caterpillar will provide expertise to assist NDRC and Chinese research institutions in supporting the development of the remanufacturing industry in China. Caterpillar and NDRC have also agreed to form a Joint Working Group on Remanufacturing Programs to discuss matters related to the remanufacturing cooperation program in detail and to coordinate and promote further cooperation by both parties in sustainable manufacturing and other areas.

Caterpillar said its Remanufacturing Services is the first wholly owned foreign entity to receive a remanufacturing license in China. To support its Chinese customers, dealers and other customers in the Asia Pacific region, Caterpillar recently opened a regional remanufacturing center in the Lingang Industrial Area in Shanghai.