Caterpillar “Is Ready” To Join The Cuban Market

Caterpillar "Is Ready" To Join The Cuban Market / 14ymedio

14ymedio, Havana, 12 May 2016 — US machinery maker Caterpillar is ready
to enter the Cuban market once the embargo is lifted, confirmed
Caterpillar director Doug Oberhelman on Wednesday, after a meeting in
Havana with the island's authorities.

The management of the company, headquartered in Illinois, told Reuters
that it was "received warmly" by the representatives of the Cuban
government during their two-day stay in the country. The executive
traveled to Havana for the first time to participate in an event
organized on the occasion of a half million dollar donation from the
company for the conservation and preservation of documents and artifacts
from the former home of American writer Ernest Hemingway in Cuba.

"We have talked about different projects," he told reporters, "and I
think the most interesting in the short term is at the Port of Mariel."

To the question of when he expected the embargo to be lifted, Oberhelman
said, "For me, the answer is not soon enough."

This last February, Caterpillar named the Puerto Rican company Rimco as
distributor of its products in Cuba in anticipation of the lifting of
the trade embargo against the island.

In June, representatives of the group, along with employees of other
major US companies like Cargill and Procter & Gamble, supported lobbying
efforts in Congress by the organization Engage Cuba to lift restrictions
on travel and trade with Cuba, supporting by Democratic and Republican
advisors.

Source: Caterpillar "Is Ready" To Join The Cuban Market / 14ymedio –
Translating Cuba -
http://translatingcuba.com/caterpillar-is-ready-to-join-the-cuban-market-14ymedio/