This is positive for mining and will lead to increased demand for mining machinery.
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Back to the industrial heartland, a major beneficiary of emerging market demand for tractors, bulldozers and mining machinery.
The other, International Mining Machinery, was listed in Hong Kong in 2010.
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It blamed a slowdown in Japanese sales and costs of integrating the acquisition of mining machinery maker Bucyrus for the EPS shortfall.
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Nasdaq-listed Joy Global of Milwaukee said earlier this year it was looking to acquire about 41% of Hong Kong-listed International Mining Machinery.
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Siwei is a subsidiary of ERA Mining Machinery, a Hong Kong-listed firm controlled by a shell company whose principals are two American entrepreneurs in China.
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In 2004 they began investing in mining machinery.
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In fact, Chen Zhengli, Secretary General of the Mining Machinery Branch of the Construction Machinery Industry Association, predicts that the local companies will account for 50% of the excavator market in China within five years.
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This has impacted the demand for mining equipment and machinery manufactured by Caterpillar and other mining equipment manufacturers, causing them to lower their earnings forecast over the short-term.
One such supplier is Titan International (38, TWI), which makes huge tires for mining and agricultural machinery.
One such supplier is Titan International (nyse: TWI - news - people ) (38, TWI) , which makes huge tires for mining and agricultural machinery.
China is one of the largest markets for large machinery and mining equipment, and we believe that this expansion will help Caterpillar expand its footprint and gain market share in not only China but also other emerging markets in Asia.
In recent years, Indian companies have invested billions of dollars in the United States -- in American machinery, manufacturing, mining, research, technology.
Long lead times persist for oil drilling rigs, mining equipment and some other specialized machinery, but generally companies face no supply limitations when considering expansion.
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T-shirts, bathing suits and machinery for energy and mining.
From 1985 to 1996, China provided Iran with civil nuclear technology and machinery, assistance in uranium exploration and mining, training for nuclear engineers, and instruction on the use of lasers for uranium enrichment.
It also does big business there in machinery, cars, steel, railways, mining, construction and banking.
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Besides its mining outfit, the company has an engineering division which makes machinery and foundry parts.
Brazil then sees Africa as a means of diversifying its export markets in such sectors as food, seeds and agricultural machinery while internationalising production of its major companies such as oil and biofuels giant Petrobras and mining colossus Vale.
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