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Caterpillar's Oberhelman visits Cuba

May 12, 2016 7:40 AM ETCaterpillar Inc. (CAT) StockCATBy: Stephen Alpher, SA News Editor
  • Caterpillar (NYSE:CAT) CEO Doug Oberhelman was in Havana for the past couple of days meeting with government ministers, and says he talked about a number of projects.
  • "I think the most interesting one in the near term would be the Mariel harbor ... making an efficient modern harbor that competes with others around the world."
  • Once the embargo is lifted, says Oberhelman, Caterpillar is ready to move quickly to sell there, just as it has in other emerging markets. It's already named an official dealer for the country - privately-held Rimco, based in Puerto Rico.

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