- Equipment World - http://www.equipmentworld.com -

Hitachi restores excavator production in China

Posted By Wayne Grayson On February 21, 2013 @ 9:49 am In Construction News | No Comments

[1]After shutting down operations for half a month last year at its excavator plant in the eastern Chinese province of Anhui, Hitachi Construction Machinery is now gradually increasing production there, Bloomberg reports. [2]

Chinese construction equipment sales fell 19 percent in 2012 to $32.3 billion, according to Bloomberg data. Like Komatsu, who a few days ago spoke about this slip in Chinese demand [3], Hitachi says it has reason to be optimistic.

Hitachi Construction President Yuichi Tsujimoto told Bloomberg the factory shutdown cut production to 25 percent of capacity. Thanks to a renewed demand for compact excavators used in residential construction, the plant operates five days a week now and Tsujimoto expects demand to grow at a moderate pace.

“China will remain an important market because there are no other places with such large demand,” Tsujimoto said.

Article printed from Equipment World: http://www.equipmentworld.com

URL to article: http://www.equipmentworld.com/hitachi-restores-excavator-production-in-china/

URLs in this post:

[1] Image: http://www.equipmentworld.com/files/2013/02/135_Hitachi.png

[2] Bloomberg reports.: http://www.bloomberg.com/news/2013-02-21/hitachi-construction-restores-china-plant-operations-amid-growth.html

[3] Komatsu, who a few days ago spoke about this slip in Chinese demand: http://www.equipmentworld.com/komatsu-forecasts-rebound-of-demand-in-china/

Copyright © 2012 Equipment World -- Development. All rights reserved.