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XUZHOU, CHINA-Caterpillar, the manufacturer of construction and mining equipment, is expanding its reach in emerging markets here and in South America. The Peoria, IL-based company broke ground this week on a new manufacturing building for large excavators here, and also announced plans to build a new production facility in Brazil.

Here, the company has reached an agreement with Xuzhou Construction Machinery Group to acquire the 15.87% interest in Caterpillar Xuzhou Ltd., a joint venture that was established in 1995. The purchase makes CXL a wholly-owned subsidiary. The company also recently opened a new facility here that will host the manufacture of small and medium excavators.

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