Rimco to Become Caterpillar’s Distributor in Cuba
Caterpillar, the largest manufacturer of construction machinery, selected Rimco, a Puerto Rican company, as its official distributor in Cuba.
Caterpillar considers Cuba needs this type of machinery and, with the elimination of commercial restrictions between the U.S. and Cuba, the company hopes to contribute to the development of that island’s infrastructure.
“This announcement is part of the preparations in anticipation of the lifting of 55 years of commercial embargo against Cuba,” said Philip Kelliher, vice president of Caterpillar, in a press release.
“There is great affinity between Cuba and Puerto Rico because we share language, culture and traditions,” said Richard McConnie, president of Rimco, who said he felt honored to serve the Cuban market.
President Barack Obama announced on Dec. 17, 2014, that the U.S. would move to normalize relations with Cuba. Since then, both nations have opened embassies in each other’s country, and gradual steps are being taken to open diplomatic and economic ties as well.
While there are additional hurdles until relations are fully normalized, including lifting the embargo, Rimco and Caterpillar will prepare to serve the Cuban marketplace with construction and mining equipment, power systems, and marine and industrial engines.