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October 21, 2009

Caterpillar counting on Asian markets

  • Officials see 2010 sales rising 10 percent to 25 percent from their midpoint of 2009, as dealers start ordering equipment after going through stockpiles.
    • By DANIEL LOVERING
    AP Manufacturing Writer

    Caterpillar is counting on Asian customers to buy more of its mining and construction equipment next year, helping the company move beyond a recession that slammed its third-quarter earnings.

    Deliveries of the company's yellow-and-black machinery rose in China, one of the company's rare wins last quarter. The Peoria, Ill., manufacturer, which generates almost 70 percent of its sales overseas, wants its dealers prepared if that rebound speeds up.


     
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