World News

Caterpillar says most of its Chinese facilities reopened on February 10

CHICAGO (Reuters) – Caterpillar <CAT.N> reopened most of its facilities in China on Monday after getting the go-ahead from the local government following the coronavirus outbreak, the company said.

The heavy equipment maker has multiple facilities in the world’s second-largest economy. While none of its factories were in the worst-affected province, the company had delayed their reopening after the Lunar New Year by a week.

China accounts for up to 10% of Caterpillar’s sales.

The company said it is following the local government’s direction on remaining openings and monitoring the epidemic’s impact on its dealer network and supply chain.

(Reporting by Rajesh Kumar Singh in Chicago; Editing by Chris Reese and Matthew Lewis)