Caterpillar Announced It Plans To Open A New Manufacturing Facility In Thailand

- Caterpillar Announced It Plans To Open A New Manufacturing Facility In Thailand



Jun 16, 2011

Caterpillar (NYSE:CAT) announced that it plans to open a new manufacturing facility in Thailand, with construction expected to begin in 2011, and production expected to begin in late-2013.

Tom Bluth, Caterpillar vice president with responsibility for the company's Earthmoving Division said, "We continue to make strategic investments in our construction business to support our customers. We are pleased to announce the expansion of Caterpillar's manufacturing operations in Thailand, which will increase our capacity for our existing range of medium track-type tractors, particularly as we sharpen our focus on meeting long-term customer demand in growth markets."

Caterpillar has a potential upside of 41.7% based on a current price of $94.92 and an average consensus analyst price target of $134.53.

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Caterpillar and GE investigation for price fixing

- Caterpillar and GE investigation for price fixing



May 31, 2011

EU regulators said they had reason to believe Caterpiller and GE may have violated price fixing rules. Both companies said on Monday that European Commission antitrust officials conducting a probe of possible collusion among producers of industrial piston engines had inspected them last week. Caterpillar and GE confirmed that their offices had been raided, and said the company is fully cooperating with officials. The dawn raids occurred on May 25th, and are the first step in probes that could potentially result in fines of up to 10% of yearly revenues.

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