Komatsu (TSE: 6301) (ADR: KMTUY) is the second largest global construction equipment company, after Caterpillar.
In any ordinary market, you are selling a piece of equipment to a construction company that is concerned about things like the total cost of ownership of a road grader over a 10-20 year life.
These infrastructure projects augur well for Caterpillar as they will increase the demand for construction equipment and machinery manufactured by the company.
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Oshkosh faltered badly during the subprime crisis when demand for its construction equipment dried up right after the company had taken on massive debt to buy Wall Street darling JLG, a maker of lift equipment.
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The company, which hauls agricultural and construction equipment as well as construction materials, still is hiring, Mr. Tennant said, despite the pause in business.
Caterpillar Chief Executive JimOwensJim Owens is optimistic about the package, predicting that the stimulus could stimulate demand for the construction equipment maker's products and eventually allow the company to reverse a recent round of layoffs.
The company, which deals in agricultural and construction equipment, said late Thursday that weaker revenue will lead it to a wider quarterly loss than it had expected.
For the average freight hauler, or construction company for that matter, in China, each equipment purchase must be paid for upfront, in cold, hard cash.
Even so, Sany officials say they aim to turn their company into the world's biggest maker of construction equipment, eclipsing the current leader, Caterpillar, and No. 2, Komatsu Ltd.
At Chrysler and John Deere, RWD designed systems that enable dealership repairmen to use the Internet to tap into databases at the parent company for help when they're repairing cars and construction equipment.
He had grown up playing around heavy equipment at his parents' construction firm and in 1990 started his own bungee-jump company.
The company is on a hiring spree, due mostly to run- away demand for construction equipment in emerging markets.
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