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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.
FORBES: Caterpillar Is Worth $95 On Long Term Fundamentals
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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.
FORBES: Connect
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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.
FORBES: Economic Forecast Update, 2013-2014: Light-to-moderate Growth