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What polar vortex? Caterpillar sales to builders surge despite chill

Posted: 2/24/2014 | Views: 342

Caterpillar Inc said on February 20 that sales of its construction equipment had surged in recent months, driven by an especially large jump in demand in North America, where a series of severe winter storms and arctic temperatures failed to keep builders out of dealer showrooms.

The Peoria, Illinois-based company, the world's largest maker of earth-moving equipment used by builders and miners, said that worldwide retail sales to end users in the construction industry rose 9 percent in the three months ended Jan. 31, driven by a 12 percent increase in North America.

Source: Reuters

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