Caterpillar Inc., the largest maker of construction and mining equipment, has provided the best risk-adjusted return among its peers since financial markets hit bottom in 2009 as it made acquisitions and expanded in emerging markets such as China.
After Caterpillar Inc.’s heady post- recession expansion, the world’s biggest construction and mining equipment maker will probably forecast the slowest sales growth in four years as its prospects for 2013 fade with the decelerating global economy.
Agco Corp., the world’s third-largest farm equipment maker, plans to boost manufacturing of crop- storage and livestock equipment in Brazil, China and Russia as the developing nations build infrastructure to meet growing food demand.
Archer-Daniels-Midland Co., the corn processor offering A$2.7 billion ($2.8 billion) for Australia’s GrainCorp Ltd., reached a preliminary agreement with Mexican businessman Fernando Chico Pardo to sell its 23 percent stake in Gruma SAB.
Caterpillar Inc., among the first companies to ring warning bells about the recession in 2007, isn’t subscribing to the pessimism of investors such as Bill Gross even while moderating its global growth projections.