This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Caterpillar Announces New Parts Distribution Center In Mexico

Stocks in this article: CAT

PEORIA, Ill., March 30, 2012 /PRNewswire/ -- Caterpillar Logistics Inc. (Cat Logistics), a wholly owned subsidiary of Caterpillar Inc. (NYSE: CAT), today announced further enhancements to its parts distribution network with the addition of a new parts distribution center in San Luis Potosi, Mexico. The 500,000-square-foot facility will employ up to 150 people and is expected to be operational mid-2013. The capital city, San Luis Potosi, serves as an ideal location for a strategic logistics operation. Access to major airports and a rail hub is complemented by a major highway crossroads providing easy access to transportation routes between major cities in Mexico. 

This investment represents the first of many aimed at enhancing parts distribution operations in Central and South America. The facility in Mexico will be the sixth new parts distribution center in the modernization plan and will join new facilities in Central California; Clayton, Ohio; Spokane, Wash.; Waco, Texas; and Dubai, UAE. The added facilities represent nearly four million square feet of increased capacity to the overall distribution network and clearly demonstrate our commitment to providing unmatched parts availability to customers and dealers around the world.

In addition to these new facilities, there are also capacity expansion projects underway at existing Cat Logistics facilities in Atlanta, Georgia; Grimbergen, Belgium; Melbourne, Australia; and Shanghai, China. These projects are focused on delivering unmatched customer support by increasing capacity and realizing network efficiencies. All of these facilities are leveraging common systems and processes in addition to Service Parts Management (SPM), a global solution that replaces multiple legacy software systems supporting the Cat parts network. 

"We are pleased to reach the next stage of our multiyear expansion, and this facility will further enable us to meet the significant growth in this region now and in the future," said Steve Larson, vice president of Caterpillar Inc., and chairman and president of Cat Logistics. "Our investments in state-of-the-art technology and processes have one purpose—ensuring that Caterpillar and Cat dealers support our customers' success better than anyone else," Larson added.

In addition to the global expansion and enhancement of the Cat parts distribution network, Caterpillar has announced a number of strategic capacity expansions globally including new and existing manufacturing facilities and additional research and development capacity. These actions have occurred in the United States, South America, Europe and across Asia, positioning the company to meet growing demand for its products in the coming years. 

About Caterpillar:

For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.138 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services. More information is available at: http://www.caterpillar.com.

About Cat Logistics:

Caterpillar Logistics Inc. provides world-class supply chain solutions and services to its parent company, Caterpillar Inc., and more than 50 other leading corporations throughout the world. Headquartered in Morton, Illinois, Cat Logistics operates more than 108 offices and facilities in 23 countries on six continents. Cat Logistics, through its subsidiary Caterpillar Logistics Services LLC, provides its full service capabilities to companies in market sectors, which include automotive, industrial and aerospace service parts, consumer durables, technology, electronics and manufacturing logistics. More information is available at www.CatLogistics.com.

Forward-Looking Statements

Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements.  All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs