Komatsu Japan Construction Equipment Maker
TOKYO Japanese construction equipment maker Komatsu Ltd will boost production capacity in China by relocating one of its major plants, a rare sign of expansion in an industry hit by slowing demand. Used Machinery Marketplace from KUEC Komatsu
Komatsu, the world's No. 2 maker of earth-moving equipment after U.S.-based Caterpillar Inc , said it would move a factory making wheel loaders, hydraulic excavators and dump trucks to a new and larger site in Jiangsu province.
The new factory will start operations in 2010 with 15 percent higher production capacity than the old site, the company said in a release. It did not disclose how much this would increase the company's overall output. Excavator tracked Excavator mini Excavator mobil excavator for sale machinery from japanes maker are welcome
Komatsu's announcement comes as a slowing global economy dampens sales in all major markets including China, which until recently seemed to have an insatiable demand for equipment due to the country's construction boom.
Caterpillar said last month that it would cut white-collar pay by up to 50 percent and offer buyouts to some employees to lower costs.
Smaller rival Hitachi Construction Machinery Co said on Tuesday that it had put on hold plans to build a new excavator plant in Russia, and has recently suspended a four-year, 160 billion yen ($1.8 billion) expansion plan. assetline Auction japan
There is no urgent need to boost capacity at the moment," said a Hitachi Construction spokesman, adding there have been cancellations of orders from small mining companies in Russia and Eastern Europe since around November
Komatsu said the new plant will reinforce its Chinese operations, allowing it to gain business from an expected boost in mining activities and infrastructure investment over the medium to long term. Used Machinery from Japan Koamatsu sogo
The capital spending required for the project would be very small thanks to the proceeds from the sale of the land currently in use, a Komatsu spokesman said. Thank You
Komatsu, the world's No. 2 maker of earth-moving equipment after U.S.-based Caterpillar Inc , said it would move a factory making wheel loaders, hydraulic excavators and dump trucks to a new and larger site in Jiangsu province.
The new factory will start operations in 2010 with 15 percent higher production capacity than the old site, the company said in a release. It did not disclose how much this would increase the company's overall output. Excavator tracked Excavator mini Excavator mobil excavator for sale machinery from japanes maker are welcome
Komatsu's announcement comes as a slowing global economy dampens sales in all major markets including China, which until recently seemed to have an insatiable demand for equipment due to the country's construction boom.
Caterpillar said last month that it would cut white-collar pay by up to 50 percent and offer buyouts to some employees to lower costs.
Smaller rival Hitachi Construction Machinery Co said on Tuesday that it had put on hold plans to build a new excavator plant in Russia, and has recently suspended a four-year, 160 billion yen ($1.8 billion) expansion plan. assetline Auction japan
There is no urgent need to boost capacity at the moment," said a Hitachi Construction spokesman, adding there have been cancellations of orders from small mining companies in Russia and Eastern Europe since around November
Komatsu said the new plant will reinforce its Chinese operations, allowing it to gain business from an expected boost in mining activities and infrastructure investment over the medium to long term. Used Machinery from Japan Koamatsu sogo
The capital spending required for the project would be very small thanks to the proceeds from the sale of the land currently in use, a Komatsu spokesman said. Thank You
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