Caterpillar Subsidiary Signs MOUs in China

Caterpillar Inc. subsidiaries in China have signed three non-binding memoranda of understanding with an industrial park development company affiliated with the Shanghai Municipal Government. The following three MOUs involve the Shanghai Lingang Economic Development Co., Ltd., which is currently developing the world's largest industrial park:

-- Lingang Group and Caterpillar reaffirmed their commitment to the success of Caterpillar's China Distribution Center in the Lingang Industrial Area and to the establishment of a regulatory system that facilitates trade and investment in the region.

-- Caterpillar Remanufacturing Services will use its proven record in the area of remanufacturing to establish the Lingang Industrial Area as the premier remanufacturing center in China to support Caterpillar customers and dealers in China and the Asia Pacific region.

-- A proposed service consortium alliance between Caterpillar Logistics Services and Lingang Group would establish a one-stop service center to attract investors and clients to the Lingang Industrial Area, leveraging the strengths of Caterpillar's service companies.