maker, moved aggressively to capitalize on demand for commodities in emerging markets Monday with a $7.6 billion buyout of Bucyrus International.Bucyrus makes surface mining equipment used for mining coal, copper, iron ore, oil sands and other minerals. Demand for commodities has languished in traditional markets, pushing global companies like Caterpillar Inc. further into China, India and Brazil, which need such materials to feed surging economies.
The acquisition, and what Caterpillar called a robust outlook for commodities, is being driven by those places that are rapidly “improving infrastructure, rapidly developing urban areas and industrializing their economies.
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