Hitachi Construction Expects Mining Companies to Fuel Sales
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Hitachi Construction Machinery Co., the world’s biggest maker of giant excavators, expects its global sales of mining equipment to reach a record this year as customers press ahead with projects in resource-rich countries.
The company won an order from Vale SA to supply excavators and dump trucks for an iron ore project in Africa and has secured a contract for gold mining equipment in Turkey this month, said Toshiaki Takase, vice president at Hitachi Construction’s global mining operation group. Sales from mining companies may surge by a third to 200 billion yen ($2.5 billion) in the year to March, the company said.