BEIJING, Nov. 8, 2014 /PRNewswire/ -- Caterpillar Inc.
(NYSE: CAT) Chairman and CEO Doug
Oberhelman is joining APEC economic leaders, business
decision-makers and academics to discuss opportunities to
strengthen regional economic integration and the global
multilateral trade system during the 2014 APEC CEO Summit in
Beijing.
As a U.S. member company of the APEC Business Advisory Council
(ABAC), Caterpillar has been working with business leaders from the
21 economies of APEC to provide recommendations to APEC leaders on
priorities including infrastructure investment, connectivity,
mining, remanufacturing, trade facilitation and sustainable
development.
"APEC leaders showed great vision when they committed to achieve
free and open trade and investment for APEC member economies
referred to as the 'Bogor Goals.' They knew this would help the
region grow and prosper," said Oberhelman. "I'm glad to see them
continue to build upon this vision."
"Important regional trade initiatives underway, including the
Trans Pacific Partnership (TPP) and Regional Comprehensive Economic
Partnership (RCEP), are considered pathways toward the APEC vision
of a Free Trade Area of the Asia
Pacific (FTAAP)," Oberhelman continued. "Caterpillar
supports policies that enhance global competition and a free trade
and investment environment. Since 2008, we've exported more than
$50 billion in products from our U.S.
factories to APEC member economies, creating jobs in the United States and around the world."
Since APEC was formed 25 years ago, Asia Pacific has grown to be the most
economically dynamic region in the world. The fast pace of
development has made China the
world's second largest economy and it is one of the largest export
markets for Caterpillar products made in the United States.
About Caterpillar:
For nearly 90 years, Caterpillar Inc. has been making sustainable
progress possible and driving positive change on every continent.
Customers turn to Caterpillar to help them develop infrastructure,
energy and natural resource assets. With 2013 sales and revenues of
$55.656 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 principally operates
through its three product segments - Resource Industries,
Construction Industries, Energy and Transportation - and also
provides financing and related services through its Financial
Products segment. For more information, visit caterpillar.com. To
connect with us on social media, visit
caterpillar.com/social-media.
Forward-Looking Statements
Certain statements in this
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 we
serve; (ii) government monetary or fiscal policies and
infrastructure spending; (iii) commodity price changes, component
price increases, fluctuations in demand for our products or
significant shortages of component products; (iv) disruptions or
volatility in global financial markets limiting our sources of
liquidity or the liquidity of our customers, dealers and suppliers;
(v) political and economic risks, commercial instability and events
beyond our control in the countries in which we operate; (vi)
failure to maintain our credit ratings and potential resulting
increases to our cost of borrowing and adverse effects on our cost
of funds, liquidity, competitive position and access to capital
markets; (vii) our Financial Products segment's risks associated
with the financial services industry; (viii) changes in interest
rates or market liquidity conditions; (ix) an increase in
delinquencies, repossessions or net losses of Cat Financial's
customers; (x) new regulations or changes in financial services
regulations; (xi) a failure to realize, or a delay in realizing,
all of the anticipated benefits of our acquisitions, joint ventures
or divestitures; (xii) international trade policies and their
impact on demand for our products and our competitive position;
(xiii) our ability to develop, produce and market quality products
that meet our customers' needs; (xiv) the impact of the highly
competitive environment in which we operate on our sales and
pricing; (xv) failure to realize all of the anticipated benefits
from initiatives to increase our productivity, efficiency and cash
flow and to reduce costs; (xvi) additional restructuring costs or a
failure to realize anticipated savings or benefits from past or
future cost reduction actions; (xvii) inventory management
decisions and sourcing practices of our dealers and our OEM
customers; (xviii) compliance with environmental laws and
regulation; (xix) alleged or actual violations of trade or
anti-corruption laws and regulations; (xx) additional tax expense
or exposure; (xxi) currency fluctuations; (xxii) our or Cat
Financial's compliance with financial covenants; (xxiii) increased
pension plan funding obligations; (xxiv) union disputes or other
employee relations issues; (xxv) significant legal proceedings,
claims, lawsuits or investigations; (xxvi) compliance requirements
imposed if additional carbon emissions legislation and/or
regulations are adopted; (xxvii) changes in accounting standards;
(xxviii) failure or breach of IT security; (xxix) adverse effects
of unexpected events including natural disasters; and (xxx) other
factors described in more detail under "Item 1A. Risk Factors" in
our Form 10-K filed with the SEC on February
18, 2014, for the year ended December
31, 2013, and in our Form 10-Q filed with the SEC on
August 1, 2014, for the quarter ended
June 30, 2014.
SOURCE Caterpillar Inc.