Caterpillar signs distribution deal in preparation for Cuba entry

AP EARNS CATERPILLAR F USA IL

American earth-movers are coming to Cuba.

Caterpillar, the construction equipment maker, said Wednesday it has signed a deal with a distributor to begin the process of selling its products in Cuba, becoming one of the first U.S. manufacturers to enter the island nation that is emerging from decades-long trade restrictions.

Its distribution partner, Rimco, is familiar with Caterpillar, serving as its distributor in the island where it’s headquartered, Puerto Rico, and the Eastern Caribbean.

“Cuba needs access to the types of products that Caterpillar makes and, upon easing of trade restrictions, we look forward to providing the equipment needed to contribute to the building of Cuba’s infrastructure,” said Philip Kelliher, Caterpillar’s vice president for the Americas & Europe distribution services division.

Read more:

http://www.usatoday.com/story/money/2016/02/10/caterpillar-signs-distribution-deal-preparation-cuba-entry/80200088/

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