Caterpillar Continues Build Out of Business Model in China; Announces Grand Opening of New Facility and Completed Expansion of

 Caterpillar Continues Build Out of Business Model in China; Announces Grand
 Opening of New Facility and Completed Expansion of Another Facility in Wuxi,
                                    China

With the opening of the new facility in Wuxi, China, Caterpillar now has 24
factories operating in China

PR Newswire

BEIJING, March 25, 2013

BEIJING, March 25, 2013 /PRNewswire/ -- Focusing on the long-term
opportunities related to economic development and infrastructure investment
planned for China, Caterpillar Inc. (NYSE: CAT) executives today announced the
opening of a new facility and the completed expansion of another facility in
Wuxi, China. Caterpillar opened its 23,000-square-meter power train facility
in Wuxi to produce axles, transmissions and final drives for use in a range of
Caterpillar earthmoving and mining machinery. The company has also completed a
17,000-square-meter expansion at an existing component facility in Wuxi to
produce hydraulic cylinders for Caterpillar machines. Both facilities are part
of Caterpillar's Advanced Components & Systems Division which designs and
manufactures technologically advanced components for Caterpillar machines and
customers around the world.

"Success in China is an important part of our long-term strategy, and we are
focused on bringing the complete Caterpillar business model to China in order
to better serve and support our customer base," said Caterpillar Chairman and
CEO Doug Oberhelman.

With the opening of the new power train operation, Caterpillar now has 24
manufacturing facilities in China in addition to four Research & Development
(R&D) centers and three logistics and parts centers. The company has more than
15,000 employees in China.

"Over the decades, Caterpillar has developed a reputation for providing
customers the lowest overall owning and operating costs for the life of a
machine. This is heavily influenced by our vertical integration and ability to
maximize productivity and deliver fuel efficient machines by integrating
across the power train. This expansion of our component capability and
capacity in China supports our drive to bring this value to our customers in
China," said Ed Rapp, Caterpillar group president with responsibility for
Construction Industries.

Oberhelman and Rapp announced the new facilities following their participation
in the 13^th annual China Development Forum, a Beijing-based event that brings
together Chinese and multinational business leaders, academics and senior
Chinese government officials to discuss economic and business trends and to
share global best practices.

About Caterpillar:
For more than 85 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent. With 2012 sales and
revenues of $65.875 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 and Progress Rail Services. More information is
available at: http://www.caterpillar.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.

Caterpillar's actual results may differ materially from those described or
implied in our forward-looking statements based on a number of factors,
including, but not limited to: (i)global economic conditions and economic
conditions in the industries and markets we serve; (ii)government monetary or
fiscal policies and infrastructure spending; (iii)commodity or component
price increases, fluctuations in demand for our products, or limited
availability of raw materials and component products, including steel;
(iv)our and our customers', dealers' and suppliers' ability to access and
manage liquidity; (v)political and economic risks and instability, including
national or international conflicts and civil unrest; (vi)our and Cat
Financial's ability to: maintain credit ratings, avoid material increases in
borrowing costs, and access capital markets; (vii)the financial condition and
credit worthiness of Cat Financial's customers; (viii) changes in interest
rates or market liquidity; (ix) changes in financial services regulation; (x)
inability to realize expected benefits from acquisitions, including ERA Mining
Machinery Limited, and divestitures, including the divestiture of the Bucyrus
International, Inc. distribution business to our independent dealers;
(xi)international trade and investment policies; (xii)market acceptance of
our products and services; (xiii)changes in the competitive environment,
including market share, pricing and geographic and product mix of sales; (xiv)
successful implementation of capacity expansion projects, cost reduction
initiatives and efficiency or productivity initiatives, including the
Caterpillar Production System; (xv)inventory management decisions and
sourcing practices of our dealers or original equipment manufacturers;
(xvi)compliance with environmental laws and regulations; (xvii)alleged or
actual violations of trade or anti-corruption laws and regulations;
(xviii)additional tax expense or exposure; (xix)currency fluctuations;
(xx)our or Cat Financial's compliance with financial covenants;
(xxi)increased pension plan funding obligations; (xxii)union disputes or
other labor matters; (xxiii) significant legal proceedings, claims, lawsuits
or investigations; (xxiv)compliance requirements imposed if carbon emissions
legislation and/or regulations are adopted; (xxv)changes in accounting
standards; (xxvi)failure or breach of information technology security;
(xxvii)adverse effects of natural disasters; and (xxviii)other factors
described in more detail under "Item 1A. Risk Factors" in our Form10-K filed
with the SEC on February19, 2013 for the year ended December31, 2012. This
filing is available on our website at www.caterpillar.com/secfilings.

SOURCE Caterpillar Inc.

Website: http://www.caterpillar.com
Contact: Jim Dugan, Global Government & Corporate Affairs, +1-309-494-4100,
dugan_jim@cat.com, or Penny Wu, Global Government & Corporate Affairs, +86 10
5921 1422, Wu_Penny@cat.com
 
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