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Caterpillar (CAT) and  other heavy machinery vendors are facing growing competition from...

Caterpillar (CAT) and  other heavy machinery vendors are facing growing competition from Chinese firms such as Sany, Zoomlion, and XCMG, who are now stepping up their efforts to acquire foreign companies for their technology, brands, and distribution networks. Chinese companies accounted for an estimated 15% of the revenues of the top 50 construction gear companies in 2010, up from just 1.6% in 2003.
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