Caterpillar in US$ 300 million China expansion

Caterpillar has announced a US$ 300 million project to build a large engine manufacturing facility in China.

Once operational in 2013, the Tianjin-based plant will become Caterpillar's third source for its 3500 series engines.

Caterpillar China executives met with officials from Tianjin on 18 November to close the deal, which…