Slow progress is still progress

OEM Off-Highway's annual look into the minds of association leaders, equipment manufacturers and component suppliers.

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2012 is set to be a positive year, with a very slow growth rate. The key message we have heard over and over has been "Accept the new normal" because the economy is not coming back to where it was in 2007. This year saw many OEMs and component suppliers heading to emerging markets to establish manufacturing and distribution facilities closer to their foreign customer base, and there were countless acquisitions, including the most notable one between Bucyrus and Caterpillar.

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