Caterpillar (NYSE:CAT) Investing Big in China, Brazil

China and Brazil have been the recipients of major investments by Caterpillar (NYSE:CAT) in their respective countries, as the giant builder of mining and construction equipment is expanding in major ways in the two countries.

Caterpillar will build a new plant in Brazil, while expanding at a location in China in order to build large excavators.

After focusing on emerging markets at their chief growth regions, Caterpillar is strongly positioned to run with that as departing CEO Jim Owens, who built the foundation in emerging markets slowly and steadily, will hand over the reins of the company to Doug Oberhelman, who will take over on July 1.

Oberhelman looks ready to ramp things up and build upon that foundation much quicker, now that Owens has put it in place.