Caterpillar Logistics Services, Inc. Signs Agreement With
Cadillac Europe
Caterpillar Subsidiary to Provide Wide Range of Aftermarket Logistics Services
to Several GM Brands in European Market
BRUSSELS, Belgium, Aug. 23 /PRNewswire-FirstCall/ -- Caterpillar Logistics
Services, Inc. (Cat Logistics), a wholly owned subsidiary of Caterpillar Inc. (NYSE:CAT), has signed a logistics services agreement with Cadillac Europe
B.V., importer of the premium U.S. Cadillac, Chevrolet and Corvette brands into
the European market. Cat Logistics will provide a wide range of aftermarket
logistics services to support Cadillac Europe's plans for growth in the region.
Cat Logistics will assist Cadillac Europe with its market approach of "one
importer with one strategy for Europe," keeping close to the market with lean
distribution concepts. From a logistics facility in Puurs, Belgium, Cat
Logistics will serve Cadillac Europe's network of its own and third-party
dealers throughout mainland Europe. As well as providing the more
traditionally outsourced core logistics activities of inventory management,
warehousing, order processing and transport administration, Cat Logistics will
also support Cadillac Europe with supplier management, inventory file
maintenance, a multi-lingual customer service team, and direct web-enabled
customer order processing.
"We are relying on Cat Logistics bringing together its warehouse management,
materials planning expertise and systems into a fully integrated logistics
solution which processes our orders efficiently and accurately, and improves
our off-the-shelf fill rates," said Wim Harmsen, vice president of Cadillac
Europe.
"Cat Logistics is pleased to be associated with this exciting brand," commented
Pascal Herroelen, vice president of Caterpillar Logistics Services, Inc.,
Client Services Division. "We're confident that the combination of Cadillac
Europe's skill in product marketing and sales, and Cat Logistics' experience in
automotive aftermarket logistics will be a winning formula." The recently signed logistics services agreement will be implemented in the
third quarter of 2004.
Caterpillar Logistics Services, Inc. provides world-class supply chain
solutions and services to its parent company, Caterpillar Inc., and over 50
companies throughout the world. Headquartered in Morton, Illinois, Caterpillar
Logistics operates 100 offices and facilities in 25 countries on 6 continents.
Caterpillar Logistics provides its full service capabilities to companies in
market sectors, which include automotive service parts, industrial service
parts, consumer durables, technology and electronics, manufacturing logistics,
and aerospace service parts. Further information is available on
http://www.catlogistics.com/ .
For more than 75 years, Caterpillar Inc. has been building the world's
infrastructure and, in partnership with its worldwide dealer network, is
driving positive and sustainable change on every continent. With 2003 sales
and revenues of $22.76 billion, Caterpillar is a technology leader and the
world's leading manufacturer of construction and mining equipment, diesel and
natural gas engines and industrial gas turbines. More information is available
at http://www.cat.com/ . DATASOURCE: Caterpillar Logistics Services, Inc.
CONTACT: Chad McClaskey, Media Relations Manager of Caterpillar Logistics Services, Inc., +1-309-266-0158 Web site: http://www.cat.com/ http://www.catlogistics.com/
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