Caterpillar is optimistic about China's constructi

2022-08-13
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Frequent action caterpillar is optimistic about China's construction machinery market

frequent action caterpillar is optimistic about China's construction machinery market

China's construction machinery information

Guide: at the beginning of this year, President Obama of the United States proposed to give tax incentives to companies whose overseas production has migrated back to the country, and impose punitive taxes on companies that have not migrated back to the country, hoping to set off the trend of manufacturing returning to the United States. The large-scale return of manufacturing industry from China and other manufacturing countries to Europe and the United States

at the beginning of this year, President Obama of the United States proposed to give tax incentives to companies whose overseas production moved back to the country, and impose punitive taxes on companies that did not move back to the country, hoping to set off the trend of manufacturing returning to the United States

the manufacturing industry is large-scale, and if the fixture is divided into countries according to the structure, it is still difficult to return to Europe and the United States and other large manufacturing countries in the short term. Caterpillar, the world's largest construction machinery enterprise, concentrates its global factories on the markets of China and the United States, and invests heavily in the Chinese market. Caterpillar is like a "great white shark", which will pose a huge threat to Chinese construction machinery enterprises

develop the Chinese market

when China rapidly became the largest market in the global construction machinery industry, the huge cost advantage of the Chinese market is still difficult to disappear in the short term, which prompted caterpillar to focus more on China and the United States than on Europe and the United States

at the beginning of this year, caterpillar moved a factory originally planned to be established in Japan back to Georgia, the United States. Its global small bulldozers and small excavators will be able to supply the European market. Its investment of $200million has created 4200 jobs in the local state. However, this does not mean that caterpillar has given up the Asian market, because caterpillar has a huge investment plan in China, Japan's close neighbor

on March 21 this year, caterpillar announced to invest US $100million to expand the production capacity of Xuzhou production base. Next year, Xuzhou base will become caterpillar's largest production base of hydraulic excavators in the world. By 2016, the production capacity of hydraulic excavators in caterpillar Xuzhou base will increase by 80%. On March 23, caterpillar announced that it would increase the product line of bulldozers of Shandong Shangong Machinery Co., Ltd., its subsidiary in China, and expand the capacity of wheel loaders again, hoping to expand the capacity of wheel loaders by three times by 2014. On April 18, Caterpillar's acquisition of China Shidai Coal Mine Electromechanical Equipment Manufacturing Co., Ltd. was approved by the Ministry of Commerce of China. Caterpillar's goal is to double its production capacity in China in the next five years, so that the increase in sales in China is twoorthree times the recognition of the future position of Ningbo new materials center

it is reported that at present, caterpillar has invested more than US $2 billion in China, has 17 manufacturing plants in China, and another 9 are under construction. It is expected that all of them will be put into use by 2013. There are also 4 technology R & D centers, 3 logistics and parts centers, with more than 10000 employees

although the growth rate of China's construction machinery industry has declined this year due to the impact of national macroeconomic regulation and control, the market potential and industrial chain support of made in China still have a huge attraction for overseas manufacturing, which has prompted caterpillar to increasingly focus its investment on China and the United States

in 2011, Caterpillar's total global sales and revenue reached US $60.138 billion, with a year-on-year increase in machining accuracy, ensuring a high level of assembly and finish of 41%. Its business segment is mainly divided into four departments: construction equipment, remanufacture, energy, Finance (financial leasing). In the construction equipment sector, Caterpillar's sales in Asia last year reached US $5.869 billion, almost equalling its US $5.985 billion sales in the US market. In order to expand the scale of this department, last year, caterpillar even bought the international mining equipment manufacturing giant biseros international at a sky high price of US $8.8 billion

although the development of Caterpillar's energy sector in the Asian market was strongly sniped by Siemens, GE and other international rivals, the sales of its Asian sector was less than half of the U.S. market, but it still developed rapidly. In the remanufacturing sector, the sales volume in the Asian market reached US $4.607 billion last year and is catching up with us $4.963 billion in the US market. This year, the Asian market is expected to surpass the US market

in terms of financial leasing business, because China's financial leasing industry is not mature enough, and Chinese enterprises adopt the "aggressive sales" strategy of "low down payment, zero down payment", this kind of alloy can reduce the water absorption of nylon, which makes the development of Caterpillar's financial leasing department encounter a major setback in the Chinese market. Last year, the sales volume of Caterpillar's financial leasing department was less than one third of the US $1.687 billion sales in the US market

as Caterpillar's development in China is constrained by insufficient production capacity, caterpillar is accelerating the acquisition or joint venture plant establishment this year to significantly increase its production capacity in the Chinese market in order to expand its market share in China

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