Caterpillar has been fighting for a change in US policy over Cuba for some two decades, so they have decided to take a step forward by using Rimco Inc., a Puerto Rican company, as a distributor Of Cat brand products on the island.
In this way, Cuba will be able to enjoy Cat products at the same time as the laws are complied with, since at the moment in which a greater opening occurs in all the commercial restrictions that are in force in the island as in the United States, Rimco Inc. You can start distributing these products.
Philip Kelliher, vice president and head of Caterpillar Inc.’s Services Division for America and Europe, said: “We are very pleased to take this important step forward with Rimco, our long-time partner.”
“Cuba needs access to the products that Caterpillar manufactures and, as soon as the trade restrictions are in place, we look forward to contributing to the development of infrastructure in Cuba. This historic announcement is part of our preparations in advance of the lifting of the trade embargo that the United States has imposed on Cuba for 55 years. “
This company was founded in the early 1980’s by the McConnie family and is recognized worldwide as a leading company in the sale and rental of construction machinery and equipment as well as industrial and marine engines, And electric generators.
Cuba is an interesting case study because it’s opening it’s economy for the world to see for the very first time and only time will tell if the investments will make sense.