Caterpillar is most worried about the overheating

Caterpillar is worried about the overheating of China's mini excavator market

caterpillar is worried about the overheating of China's mini excavator market

China Construction machinery information

Guide: on March 22, Kevin thieneman, chairman of caterpillar (China) Investment Co., Ltd., said in an exclusive dialogue with sina finance at the development high level forum that China's performance in mining machinery and equipment is still weak, China's mini excavator market makes it worried; Hope to issue people's

on March 22, Kevin thieneman, chairman of caterpillar (China) Investment Co., Ltd., said in an exclusive dialogue with sina finance and economics at the development high level forum that China's performance in mining machinery and equipment is still weak, and the market situation of China's mini excavators makes it worried; We hope to issue RMB bonds in the mainland

there may be risks in the small excavator market after the cancellation of subsidies

in 2010, the performance of China's excavator market was surprising, showing a blowout state. A total of 165804 hydraulic excavators of various types were sold throughout the year, with a year-on-year increase of 78.25%, creating the best performance over the years. Excavators produced by many construction machinery enterprises were in short supply

at the beginning of the year, the excavator market continued to be booming. According to the data, the sales volume of 24 excavator enterprises exceeded 20000 in February, with a year-on-year increase of 134.95%, doubling again

however, industry experts believe that we should be careful not to overheat the market. In this regard, Jin Liwen said that the Chinese excavator market is relatively rational, but the situation of the mini excavator market still makes him a little worried

in 2010, more than 20 provinces and cities included mini excavators in the catalogue of agricultural machinery purchase subsidies, which greatly stimulated the enthusiasm of enterprises to produce mini excavators

Kim Levin is worried that once the subsidy is cancelled, mini excavator manufacturers may face market risks

as a new favorite of funds, the new entry threshold of mini excavators is low, and the threat of substitution is strong. To sum up, the measurement principle and performance characteristics of electrode tension testing machine. Once the subsidy is cancelled, the price advantage will be lost, and the mistakes of loaders may be repeated

Dongqing company invests 240million yuan in scientific and technological innovation every year. Jin Liwen believes that it is difficult to conclude whether there is a foam at present, but caterpillar is very optimistic about the situation this year. "China's excavator market will develop better."

Li Haitao, marketing director of Cummins (China) Investment Co., Ltd., previously expressed a similar view in an interview with sina finance and economics. He believed that China's excavator market still has great potential

this judgment promoted caterpillar to expand its production capacity in China, and a series of actions also showed its intention to seize the market

in June last year, caterpillar announced the expansion of Xuzhou excavator factory, and the expansion plan will be completed in 2014. At that time, Caterpillar's excavator production capacity in China will expand by four times the weak and stable domestic mining market. In addition, the new hydraulic excavator factory in Wujiang, Jiangsu Province is scheduled to be put into operation in 2012, and the large engine factory in Tianjin is scheduled to be put into operation in 2013. At the same time, Caterpillar also plans to transfer the procurement of complex components of Chinese factories from Japan to China as much as possible. It is reported that about 40% of the components of the company's excavator factory in China come from Japan, and it plans to reduce the proportion by at least a quarter within five years

Kevin thieneman, chairman of caterpillar (China) Investment Co., Ltd.

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