Komatsu

Komatsu loses ground to Sany, missing out on China construction boom

TOKYO/BEIJING — Japan’s Komatsu, once China’s leading supplier of construction equipment, has failed to catch the wave of infrastructure projects aimed at stimulating the country’s post-coronavirus economy, losing out to top local rival Sany Heavy Industry.

“Customers come to the factory to take completed excavators,” said a representative at a Sany group plant in Shanghai that is running at full capacity and expanding production capacity.

Excavator sales nationwide soared 65% in April to 43,000 units, data from the China Construction Machinery Association shows, reaching an all-time high for the month.

Demand remains strong despite Sany and other competitors raising prices

Read More