Peoria, Ill.-based Caterpillar Inc., the world’s biggest heavy machinery maker, announced plans on Wednesday to expand production in China, a country central to its expectations for record sales and profits this year.
It said it would increase hydraulic excavator production by 80 percent in China with a new facility due to be completed in 2016. It will also begin production of wheeled excavators at Caterpillar Xuzhou Ltd (CXL) beginning in early 2014
