CHICAGO (Reuters) - Caterpillar (N:CAT) reopened most of its facilities in China on Monday after getting the go-ahead from the local government following the coronavirus outbreak, the company said.
The heavy equipment maker has multiple facilities in the world's second-largest economy. While none of its factories were in the worst-affected province, the company had delayed their reopening after the Lunar New Year by a week.
China accounts for up to 10% of Caterpillar's sales.
The company said it is following the local government's direction on remaining openings and monitoring the epidemic's impact on its dealer network and supply chain.
