bsidiaries that manufacture such equipment. The company’s construction, mining and utility equipment sales and distribution operations in Japan focus principally on retail sales to customers, partly on an installment basis, and are undertaken by independent distributors, and its subsidiaries and affiliates who purchase such equipment from the company. The company’s major sales subsidiaries and affiliates are located in the United States, Brazil, Belgium, Russia, China, Indonesia, and the United Arab Emirates. In addition, the company provides its customers with financing for their purchases of construction, mining and utility equipment thorough its retail finance subsidiaries and an affiliated company in its major markets of Japan, the United States, Chile, Europe, Thailand, Indonesia, Australia and China. Its retail finance companies in each major market are providing various types of financing menus, such as installment sales and leases, in response to customer’s needs. Significant Events In February 2014, Komatsu and GE Mining announced a new collaboration to develop next generation mining equipment. By combining their expertise in mining equipment and propulsion systems, the companies would help meet the needs of customers and partners worldwide, with an initial focus on developing solutions to increase customer productivity and safety for underground mines. The new company, Komatsu GE Mining Systems, LLC, would be located at the GE Transportation facility in Erie, Pennsylvania and operations will begin in April 2014. Competition Construction, Mining and Utility Equipment: The company’s competitors include Caterpillar Inc. (Caterpillar); Hitachi Construction Machinery Co., Ltd. (Hitachi Construction); Volvo Construction Equipment N.V. (Volvo); and Liebherr Group (Liebherr Group). With respect to mining equipment, the company’s main competitor in North America is Caterpillar. In Asia, the company’s competitors in the construction equipment market include Caterpillar, Hitachi Construction and Korean manufacturers, such as Hyundai Heavy Industries Co., Ltd. and Doosan Infracore Co., Ltd. With respect to mining equipment, Komatsu’s main competitor in Asia (including China) is Caterpillar, a mining equipment manufacturer with a full line-up of products. History Komatsu Ltd. was founded in 1884.
komatsu ltd (KMTUF:OTC US)
Phone: 81 3 5561 2604
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