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Shell turning to Asian suppliers

Screen Shot 2014-02-10 at 16.29.29Extract from an articled published on 1 April 2014 by Seeking Alpha under the headline: Shell turning to Asian suppliers, underscoring threat to Caterpillar, Joy Global

Royal Dutch Shell (RDS.A, RDS.B) says it will use more Chinese equipment at its struggling U.S. shale business, becoming the latest natural resources company to try to reduce costs by switching to cheaper Asian suppliers. Shell’s shift to lower-cost Chinese manufacturers underscores the potential threat to western industrial equipment makers such as Caterpillar (CAT) and Joy Global (JOY) from their competitors in emerging markets.

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