-- Technical and Sales Training Center will support over 7,000
Cat dealer technicians in the Africa and Middle
East region
DUBAI, United Arab Emirates,
May 11, 2015 /PRNewswire/ --
Caterpillar (NYSE: CAT) today announced that it will build a
Regional Training Center for the African and Middle East Region
(AME) in Dubai, United Arab
Emirates. The Center will offer hands-on machines and power
systems technical and sales training to Caterpillar's dealers and
customers in the AME region.
At an investment of more than $7
million, the approximately 1,700 m2 center will
employ about 40 people, mostly high-level technical staff who will
primarily be recruited from the region. The more than 7,000
technicians at AME Cat dealers have some of the most direct
connections with Caterpillar customers as they service and maintain
their equipment. The training they'll receive at the new Center in
Dubai will help to enhance their
skills and knowledge on both product and the latest product support
technologies.
"Our Training Center in Dubai
is a key part of our plans for the Middle
East and Africa and will
ensure Caterpillar and our dealers can be relied upon for providing
unsurpassed support to our customers. This is an important region
for Caterpillar and we expect to see strong, continued growth for
our customers, and we will grow to support that," commented
Nigel Lewis, Vice President with
responsibility for Caterpillar's EAME Distribution Division.
The Center will also feature a lab for Scheduled Oil Sampling
analysis that will help meet critical customer required turnaround
time of emergency samples and reduce downtime of Caterpillar
products in the region. The Center will be located at Caterpillar's
Middle East parts distribution
center and Regional Sales and Marketing office in Jebel Ali,
Dubai.
The Center is expected to be operational in the last quarter of
this year.
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 2014 sales and revenues of $55.184 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 and Energy & 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
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forward-looking statements within the meaning of the Private
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"estimate," "will be," "will," "would," "expect," "anticipate,"
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statements regarding our outlook, projections, forecasts or trend
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and we do not undertake to update our forward-looking
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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 and
regional 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
regulations; (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 government investigations; (xxvi) changes in
accounting standards; (xxvii) failure or breach of IT security;
(xxviii) adverse effects of unexpected events including natural
disasters; and (xxix) other factors described in more detail under
"Item 1A. Risk Factors" in our Form 10-K filed with the SEC on
February 17, 2015 for the year ended
December 31, 2014.