The market for construction machinery in the Africa/Middle East region totaled US$6.9 billion in 2010, representing six per cent of global demand, according to a new report from Freedonia Group.
Caterpillar saw global retail sales of its construction machinery jump by 35 per cent in the three months to the end of July, though the pace of growth weakened in most regions
Caterpillar posted strong second quarter 2011 profits and revenues on the back of continuing improvement in demand around the world.
The Manitowoc Company reported sales of US$949.8mn for the second quarter of 2011, a rise of 15.9 per cent over Q2 results for 2010.
The Liebherr Group benefited from the global economic recovery which saw the company return to growth in 2010. Its total turnover rose by 9.0 per cent to US$1.9 billion in 2010.
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