Caterpillar Inc, the US-based conglomerate, and China Energy Investment Corp signed a five-year strategic cooperative framework agreement in Beijing. It outlines future collaboration for mining equipment sales and rentals, technology applications and product support provided by Caterpillar and its local dealers, the US firm said.
China Energy is a newly formed State-owned enterprise created by a merger between the country's major power generator China Guodian Corp and coal producer Shenhua Group. The cooperation builds on the relationship of almost two decades between Caterpillar and Shenhua Group.
