Research on AGCO Corp. and Joy Global Inc. - Farm and Construction Machinery Sector Expanding in China
August 09 2011 - 8:48AM
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Farm & Construction Machinery industry and has completed
analytical research on
AGCO Corp. (NYSE:
AGCO) and
Joy Global Inc. (NASDAQ: JOYG).
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The booming economy in China has attracted the interest of
companies all throughout the economy. As the country's
construction, natural resource and agricultural demands all grow,
the Farm and Construction Machinery Sector has recognized a strong
opportunity and is consequently working hard to increase its
exposure. Register now at
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Machinery industry.
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In this vein, Joy Global Inc. announced last month that it will
acquire a 41% stake of Chinese mining equipment manufacturer
International Mining Machinery Holdings Ltd. The company cited its
business strategy towards positioning itself increasingly in the
high growth emerging market of China as impetus for the move. Joy
Global more recently followed this up by acquiring an additional
10.5% of the company. Investors looking for free research on
Joy Global Inc. are welcome to sign up at
www.stockcall.com/JOYG090811.pdf.
Another company in the sector, AGCO Corp. is also working to
expand its Chinese presence. The company is investing between $300
and $350 million over several years on engineering and the
construction of a factory to produce tractors there. This could be
a strong move as both Chinese and Indian farmers begin to employ
more technology in their agricultural operations. Investors looking
for free research on AGCO Corp. are welcome
to sign up at www.stockcall.com/AGCO090811.pdf.
Visit www.stockcall.com/ to see how companies in this industry
have grown over the past years and how they are expected to perform
in the future.
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