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Reply #7: Caterpillar likely lured to Seguin by cheaper labor [View All]

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douglas9 Donating Member (762 posts) Send PM | Profile | Ignore Mon Dec-22-08 12:15 PM
Response to Reply #6
7. Caterpillar likely lured to Seguin by cheaper labor
The business-friendly environment of Texas and a cheaper labor force were likely factors in Caterpillar Inc.’s decision to build a $170 million engine plant in Seguin that will employ 1,400 workers.

“We’ve been telling them (Caterpillar officials) for the last 10 years that they needed to come to Texas,” said Peter Holt, CEO of the San Antonio-based Caterpillar dealer Holt Cat.

Caterpillar and government officials announced a deal Thursday in which Caterpillar will build a 1-million-square-foot facility along Interstate 10 and Texas 46 that will build engines for the truck, marine, industrial and power industries.

Holt said he and the owners of the two other Caterpillar dealers in Texas told the heavy-equipment manufacturer “the business climate is good in Texas.” Caterpillar also has a casting plant in Monterrey, Mexico, which makes locating the assembly plant in South Texas an obvious choice, he contends.
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  -Caterpillar announces pay cuts, buyouts douglas9  Dec-22-08 11:14 AM   #0 
  - Given expected delays in major construction projects Cat's action was expected. n/t  jody   Dec-22-08 11:16 AM   #1 
  - Shouldn't Caterpillar Inc  OhioChick   Dec-22-08 11:17 AM   #2 
  - CAT is getting position for Obama's infrastructure plan...  antimatter98   Dec-22-08 11:37 AM   #3 
     - Sounds like "More of the Same" to me. n/t  OhioChick   Dec-22-08 12:47 PM   #8 
     - Sadly, I agree. People here just don't have a clue.  truedelphi   Dec-22-08 01:35 PM   #10 
     - This is when iron clad contracts will be valuable.  Arctic Dave   Dec-22-08 10:25 PM   #12 
  - could John Deere be far behind?  tomm2thumbs   Dec-22-08 11:40 AM   #4 
  - These construction equipment companies should do well under Obama's plan  truthisfreedom   Dec-22-08 11:42 AM   #5 
  - Helloooooooooo, Unions!!!!!!!!!!!!!  pattmarty   Dec-22-08 11:44 AM   #6 
  - Caterpillar likely lured to Seguin by cheaper labor  douglas9   Dec-22-08 12:15 PM   #7 
  - As we speak the UAW is being cut off at it's knees by Congress, so I'd hazard  TBF   Dec-23-08 12:16 AM   #13 
  - Wage Deflation Underway .... produces a nasty spiral  RedEarth   Dec-22-08 12:48 PM   #9 
  - I just do not know what to say - we are in for one hell of a roller coaster ride  Azlady   Dec-22-08 07:45 PM   #11 

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