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Tag: Japan: Page 2
Business
Komatsu forecasts rebound of demand in China
Despite having seen sales in China fall for seven consecutive quarters, Komatsu President Kunio Noji told Bloomberg the company expects Chinese demand to increase between 5 and 10 percent in 2013. “Our company will see an immediate earnings improvement once demand recovers because we don’t have any excess stockpiles and are able to speed production,” […]
February 18, 2013
Business
Sumitomo acquires majority stake in Sunstate Equipment
Japanese company Sumitomo Corporation announced this morning that it has increased its investment to become the controlling interest in Sunstate Equipment Co. with 80 percent of the company’s shares. Despite the U.S. construction equipment rental industry’s downturn, in December 2009 Sumitomo made a $50 million investment in Sunstate because it “was convinced that industry was […]
January 8, 2013
Home
Japanese tunnel collapses, kills 9
Aging bolts are a possible culprit behind the collapse of concrete ceiling slabs that fell from the roof of a highway tunnel in Japan Monday, crushing three moving vehicles, killing nine people and injuring at least two others, USA Today reported. The Sasago Tunnel is 3 miles long and links the capital to central Japan. […]
December 4, 2012
Construction Equipment
Subaru names director of strategic sourcing
Subaru Industrial Power Products has named Steve Hartung as the company’s director of strategic sourcing. Hartung has 18 years of experience in engine manufacturing and sales, and most recently has been responsible for Subaru’s Minneapolis-St. Paul sales territory as a regional sales manager. In his new position, Hartung’s primary focus is on strategic sourcing of […]
October 16, 2012
Technology
Topcon celebrates 80 years in business
Topcon celebrated its 80th anniversary on September 1. Since 1932, the Tokyo-based company has become an affiliate with Toshiba, expanded in Europe and America and began producing and selling GPS-related products, among other endeavors. The company has technology centers in Tokyo; Adelaide, Australia; Moscow, Russia; Concordia, Italy; Livermore, California; and Columbus, Ohio. Topcon’s most recent accomplishments […]
September 5, 2012
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Schwing, Xuzhou form partnership
Schwing and Xuzhou Construction Machinery (XCMG) finalized the strategic partnership they announced in April. Under this agreement, XCMG will gain a majority of the shares in Schwing. Gerhard Schwing, CEO of Schwing , and Wang Min, Chairman of XCMG, signed the contract in Essen, Germany, on July 6. The parties agreed on confidentiality of the […]
July 20, 2012
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Okada America ships equipment for Japan cleanup
Okada America, Inc., shipped two containers of various hydraulic recycling and re-handling attachments to aid in the earthquake and tsunami relief efforts that devastated areas of Northern Japan. “We are sending anything that can cut steel and aluminum, crush concrete or separate various materials,” said Tony Neikirk, vice president of sales for Okada America. “It […]
May 10, 2011
Construction Equipment
Isuzu to resume truck production in Japan
Isuzu Motors Limited will resume production at its Fujisawa plant on April 5. The factory had been idled since the earthquake and tsunami that struck Japan on March 11. The Fujisawa plant manufactures N-Series trucks, diesel engines and components for the North American market, as well as commercial vehicles and parts for markets worldwide. The […]
April 5, 2011
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Yokohama Tire to adjust prices on commercial tires
Yokohama Tire will implement a price increase of an average of 8 percent on all of its light and medium commercial truck tires in the United States, effective April 1. There will also be in-line adjustments, which will be announced at a later date. The rising cost of raw materials is the primary reason for […]
March 9, 2011
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