Caterpillar does not see Chinese demand for these construction machines recovering to the level seen at the beginning of the current decade. The annual peak was seen in 2010 when 112,000 excavators in the 10-90 tons range were sold. In fact, a monthly peak was reached in March 2011 when 27,000 units were sold. The company expects the market to be down to 23,000 units for the full-year 2015.
This company does not see the Chinese market recovering in the immediate future but sees a glimmer on t ....
17 Nov 2015
Chinese excavator demand in doldrums
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Chinese excavator demand in doldrums
Volvo AB Class B (VOLVB:PRA) | 0 0 1.2% | Mkt Cap: 328,497m
- Published:
17 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Caterpillar does not see Chinese demand for these construction machines recovering to the level seen at the beginning of the current decade. The annual peak was seen in 2010 when 112,000 excavators in the 10-90 tons range were sold. In fact, a monthly peak was reached in March 2011 when 27,000 units were sold. The company expects the market to be down to 23,000 units for the full-year 2015.
This company does not see the Chinese market recovering in the immediate future but sees a glimmer on t ....