Singapore International Political Economy

Caterpillar Inc., US based heavy equipment maker, announced plans to invest in Singapore by opening a remanufacturing facility according to AP.

The Singapore investment by Caterpillar expands the company’s global remanufacturing presence in which it has seventeen other facilities in locations such as China, Europe and Mexico.

The move by Caterpillar is geared to increase capacity to fulfill a dramatic increase in Asian demand. The facility is set for a 2010 fully operational target date.