There was big news today from Peoria. The "green book" for the Suzhou plant was approved by the Caterpillar board. A green book is the name for a Caterpillar proposal to invest in a new facility or a new product program. Most large projects need explicit approval of this form by the Cat Chairman and Board of Directors. Our team has been working nearly a year to get the project approved. I am shown in the picture above holding the document with our "Revised Capital Authorization - World Class Infrastructure Product China Facility" with the signature of our group president.
All along, the final board approval was considered a formality, but nonetheless, I am relieved to have the official approval and have the the money in the bank to buy equipment and build the facility.
We are planning a groundbreaking ceremony in January and it looks like that event will be held during the two weeks that Kathleen's parents will be visiting us in Suzhou. That means Don and Margie should get to attend the event along with Cat executives, Chinese government officials, and probably an accompanying press release. My new boss (as yet un-named) and his boss will be there.
All along, the final board approval was considered a formality, but nonetheless, I am relieved to have the official approval and have the the money in the bank to buy equipment and build the facility.
We are planning a groundbreaking ceremony in January and it looks like that event will be held during the two weeks that Kathleen's parents will be visiting us in Suzhou. That means Don and Margie should get to attend the event along with Cat executives, Chinese government officials, and probably an accompanying press release. My new boss (as yet un-named) and his boss will be there.
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