Hitachi Construction Targets Latin America for Mining Expansion

Hitachi Construction Targets Latin America for Mining Expansion

Tomohiro Ohsumi/Bloomberg

Hitachi Construction Machinery Co. excavators bound for shipment sit in a lot in Yokohama City, Kanagawa Prefecture, Japan. Hitachi Construction will have a tough fight to catch Caterpillar and Komatsu as they are the established players in Latin America for large mining equipment, said Hiroyuki Soma, an analyst at Mizuho Investors Securities Co.