Caterpillar dealer to open shop in Cuba special development zone
November 1, 2017
Marc Frank, Reuters
HAVANA (Reuters) - Rimco, Caterpillar Inc’s dealer for Cuba, said on Wednesday it would open a distribution center for the U.S. heavy equipment maker at Havana’s Mariel special development zone, making it the first U.S. company to open up shop there.
The deal, signed this week, came as worsening U.S.-Cuban political relations curb U.S. business interest in the Communist-run island of 11 million inhabitants in the wake of the historic 2014 detente.