11/30/2009 - Caterpillar (NYSE:CAT) announced that it is acquiring JCS Co., a subsidiary of Jinsung T.E.C. Co., which is a South Korea-based manufacturer that specializes in producing undercarriage components for earthmoving and other off-road machinery. The acquisition will provide Caterpillar proprietary technology to produce highly engineered seals that will improve machine undercarriage reliability and durability. Caterpillar vice president with responsibility for undercarriage production David Bozeman said, "In recent years, Caterpillar has made significant investments in its emerging market operations in Asia Pacific to support a growing base of customers in the region. This strategic acquisition will improve Caterpillar's supply chain and component capacity in support of Caterpillar's long-term machine capacity expansion plans in Asia." The facility will be the first factory for Caterpillar in South Korea.

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