Komatsu Sees Record Year for Mining Equipment Sales on China
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Komatsu Ltd., the world’s second-biggest mining equipment maker, expects global demand for its machines to reach a fresh record next year, fueled by China and India’s search for coal, iron ore and copper.
Industry wide sales of dump trucks, excavators and bulldozers and other mining equipment will climb at least 10 percent to 6,600 units in the year starting April 1 after jumping 24 percent or more this year, Kazuhiko Iwata, the president of Komatsu’ mining equipment division, said.