Caterpillar CEO Leads Company Delegation to Cuba - Global Trade Magazine
  May 20th, 2016 | Written by

Caterpillar CEO Leads Company Delegation to Cuba

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  • Caterpillar has had ongoing efforts to engage with Cuba both on business and cultural levels.
  • RIMCO, the Cat dealer currently serving Puerto Rico, was selected as the Cat dealer for Cuba.
  • Caterpillar CEO: "Our goal is to be both a business and cultural partner in Cuba for many years to come."

Caterpillar Inc. Chairman and CEO Doug Oberhelman, along with Caterpillar executives and representatives from RIMCO, the Cat dealer serving Cuba, traveled to Cuba last week to meet with government representatives to enhance Caterpillar’s already established strong relationship in this emerging market.

Oberhelman’s visit is the latest step in the company’s ongoing efforts to promote open markets and free trade. This historic visit represents the most recent Caterpillar efforts to engage with Cuba both on business and cultural levels. Earlier this year, RIMCO, the Cat dealer currently serving Puerto Rico, was selected as the Cat dealer for Cuba.

“We believe in the power of engagement, and our goal is to be both a business and cultural partner in Cuba for many years to come,” said Oberhelman. “For nearly 20 years, Caterpillar has called for an end to the unilateral embargo. Our visit this week lays important groundwork for Caterpillar and RIMCO to serve the Cuban market once remaining trade restrictions are lifted. We are grateful for the courteous and warm reception we have received.”

“We are extremely pleased to return to Cuba once again to continue analyzing the market,” said Richard F. McConnie, President of RIMCO. “We look forward to offering the Cat solutions and traditionally outstanding service to help develop Cuba’s infrastructure and improve the quality of life of Cuban people.

While steps remain to achieve fully normalized relations, including lifting the existing embargo, RIMCO and Caterpillar will continue preparations to best serve the Cuban marketplace with construction machines, power systems, turbines, and engines.

At an event held at the Cuban home of the late Ernest Hemingway, Caterpillar announced that it will add to the previous $500,000 donation made by Caterpillar and the Caterpillar Foundation to The Finca Vigía Foundation with the donation of a Cat skid-steer loader. The skid-steer loader will be used to support the construction of the Taller building, an onsite conservation laboratory with archival storage facilities located at the Hemingway House. The Taller will be used to house historic Hemingway artifacts and documents.

Caterpillar and the Caterpillar Foundation have sought different avenues for philanthropic opportunity in Cuba since 1998. Previously, Caterpillar had donated generator sets to support Cuban hospitals. In March, Caterpillar and the Caterpillar Foundation announced a donation toward preservation of the Hemingway House.


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