Caterpillar Expands CIS Manufacturing Footprint with Additional Investment in Tosno Facility for Production of 773E Off-Highway Truck

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TOSNO, Leningrad Oblast, Russia — In response to growing demand for its mining and quarry products in Russia and the Commonwealth of Independent States  (CIS), Caterpillar Inc. (NYSE: CAT) today announced that it will start producing Cat® 773E off-highway trucks (OHT) at its manufacturing plant in Tosno, Leningrad Oblast. Russian leaders joined Caterpillar officials at the facility in commemorating the expansion of the Tosno manufacturing operations, where two models of Cat excavators and large fabricated components for construction machines are currently produced.

“This is a significant investment in the future and demonstrates Caterpillar’s longterm commitment to a growing quarry and mining market in Russia and the CIS,” said Caterpillar Group President Steve Wunning. “Producing the 773E in Russia puts us closer to the customer and has the company well-positioned to meet increased demand for Caterpillar mining and quarry products.” Since March 2000, Caterpillar has operated a fully-owned production facility in Tosno, which is part of the Company’s long-term strategic initiative to increase its  presence in Russia and the CIS. Caterpillar currently employs over 400 people at the Tosno plant to produce excavators and components. In the weeks and months ahead, the Company expects to hire close to 100 additional employees to support the 773E manufacturing operations.

“We are proud to be creating new jobs, providing training to build a great product and investing in the Russian economy,” said Luis de Leon, vice president of Caterpillar’s Mining Products Division. “Our future is all about growth with the best products, best distribution, best facilities and best people, and this expansion in Tosno is a big part of that story.”

“After extensive study and planning, we are confident that this strategic move to localized manufacturing of the 773E in the CIS will allow us to better serve our customers, and be able to compete and win in a market that we believe has great potential,” said Caterpillar’s CIS Country Manager Mumin Azamkhuzhaev. The company is ready to start production of the 773E trucks immediately, with the first customer shipments to be made from Tosno by year’s end.