Courtesy of Caterpillar Inc. Caterpillar is ramping up production in China with new projects like a 193,750-sq-ft hydraulic excavator undercarriage and track assembly plant in Xuzhou, Jiangsu Province, expected to open in mid-2012. Related Links: As Fleets Grow Old and Weary, Purchasing Rebounds Construction machinery suppliers have posted a robust second quarter fueled by infrastructure and mining activity in Asia and Latin America. Meanwhile, rental companies and contractors in North America have been replacing aging and obsolete fleets for a small but significant uptick in domestic sales revenue.“Global business demand helped many equipment manufacturers get through the recession,” says Dennis
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.