Caterpillar Inc has signed an agreement to acquire JCS Co Ltd, a subsidiary of Jinsung TEC Co Ltd, a South Korea-based manufacturer of undercarriage components for earthmoving and other off-road machinery. The JCS seal manufacturing facility will be the first factory for Caterpillar in South Korea. It will complement Caterpillar’s existing footprint in Asia Pacific, which includes manufacturing facilities in China, India, Indonesia and Australia.
Contact: Caterpillar Inc. Website: www.india.cat.com