April 2, 2008 -- Caterpillar, the world’s largest mining and construction equipment producer, will increase its investment in China twice in the coming three years, said Jim Owens, chairman of the company. He said that its investment in China accounted for a large proportion of its total investment of one billion US dollars in the new emerging market. Sales and operation revenue are expected to grow 10 to 15 percent this year and the sales from Chinese market would reach about two billion US dollars. Over half of the company’s operating revenue was generated from markets outside of North America in 2007, with the proportion likely to rise this year.
Abstracted from Xinhua's China Economic Information Service
