As China is busy seeking converts for its Silk Road and Maritime Silk Road program to build a network of linked infrastructure across Asia and Europe, equipment majors Caterpillar Inc. and Terex Corp. say they are enthusiastic about the One Belt, One Road program, as China calls it.
"Caterpillar is confident the One Belt, One Road initiative will strengthen connectivity in the region and globally," Qihua Chen, Caterpillar vice president and its China chief, told ENR in an email. "Caterpillar is well- positioned to play a positive role in supporting projects created by the initiative." The firm operates a network of 29 companies and plants in Chinese cities including Tianjin, Suzhou and Wuxi.