Hitachi Construction May Build First Plant in China

February 25, 2011

Hitachi Construction Machinery may build its first plant to manufacture components in China as part of a drive to get more of its parts from Asia outside Japan to counter a stronger yen.

The company may raise the proportion of overseas-made components and materials to two-thirds from 50 percent, CEO Michijiro Kikawa said. The company is considering adding the Chinese plant at “early” stage and also sees India as a potential manufacturing base for parts, he said.

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Source: Bloomberg