the president and chief executive of finning international inc said following strong earningspershare growth in the first half of this year the company is expecting demand conditions to remain favorable for the remainder of 2022 scott thomson also said while activity levels remain robust we are closely monitoring leading indicators and the impact of ongoing supply chain labor inflation and interest rate challenges on our customer activity levels finning international inc is the worlds largest caterpillar dealer finning said it is expecting elevated energy prices project backlogs healthy customer balance sheets and high machine utilization to continue supporting a strong demand environment across western canada the company also said federal and provincial government projects and private sector investments in energy will drive demand for construction equipment and product support heavy rentals and electric power generation equipment in the mining sector customer balance sheet health and steady increases in capital budgets are expected to drive product support opportunities the company said finning said it is continuing to monitor chiles constitutional overhaul process along with that countrys recently proposed tax reform bill including the proposal for a revised mining royalty framework which remains under discussion the company also said until this process is completed the timing of investment decisions related to greenfield and new expansion projects will remain uncertain the company said activity in construction oil and gas and mining is expected to remain stable in argentina however the risk of significant ars devaluation has increased it said deliveries to hs2 customers investments in other infrastructure projects and high machine utilization hours are expected to continue driving strong construction equipment sales and product support in the uk finning said demand for finnings power systems business in the uk and ireland is expected to remain robust the company said the addition of hydraquip which was acquired in march is expected to contribute to the structural improvement in the uk and irelands profitability going forward the company said