Even at China prices, the China market for wheel loaders and excavators is definitely worth the fight.
FORBES: The Battle For China's Construction-Machinery Market
If Chen is right, excavators may soon go the way of wheel loaders in China.
In January Cat completed its purchase of remaining shares in Shandong SEM Machinery, a leading maker of wheel loaders in China.
FORBES: Digging In
Wheel loaders outsell all other construction equipment in China by far--130, 000 last year, or 60% of all construction machines sold in 2007.
FORBES: Magazine Article
Recently, the company also announced the opening of a large wheel loader manufacturing facility in Tongzhou, Jiangsu Province, China.
FORBES: China Will Drive Caterpillar's Long-Term Growth Despite Recent Weakness
Most of the earth being moved to make way for China's highways, factories and skyscrapers is handled by a fairly simple machine called a wheel loader.
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