Trending...
- Kevin Francis Design Introduces CHROMA, a Collection of Saturated Solid Color Wool Rugs
- City of Tacoma Presents Updated Financial Forecast as Next Step in 'Roadmap to Recovery' to Navigate National Economic Pressures
- Tacoma: City Council Adopts Updated Stormwater Management Manual to Enhance Environmental Health and Regulatory Compliance
Strengthening focus from new machinery sales to the localization of parts and support to rapidly respond to the needs of dealers and customers in Latin America.
TOKYO, Japan - Washingtoner -- Hitachi Construction Machinery Co., Ltd. ("Hitachi Construction Machinery") decided at a Board of Directors meeting held today that it will establish Hitachi Construction Machinery Latin America SpA ("Hitachi Construction Machinery Latin America") in the Republic of Chile ("Chile") on April 1, 2025, to oversee and expand it's business in Latin America. The establishment of Hitachi Construction Machinery Latin America will strengthen the company's focus from new machinery sales to the localization of parts and service support in Latin America to rapidly respond to the needs of dealers and customers.
With the dissolution of the joint venture with Deere & Company, the Hitachi Construction Machinery Group has been independently expanding the sales of new construction machinery and the provision of parts and services in the North and Latin American regions since March 2022. Until now, the Group has primarily focused its efforts on launching and expanding its sales and service system in North America and developed a dealer network and parts warehouses.
Currently, Hitachi Construction Machinery Americas Inc. (headquarters: Newnan, Georgia, USA; "Hitachi Construction Machinery Americas") is responsible for the Latin American region along with North America. Due to differences in culture, language, and business practices between North America and Latin America, it was decided that a regional headquarters would be established in the region with Chile serving as the headquarters for Latin America to rapidly respond to the needs of regional dealers and customers. Chile is the largest market in Latin America for mining dump trucks, a segment in which Hitachi Construction Machinery is working to expand sales, and close communication with customers is expected due to the concentration of headquarters for major mining companies. In addition, agreements for compact and construction products have been signed with dealers in Chile, Co-operative Republic of Guyana, Dominican Republic, Republic of Colombia, and Republic of Suriname. First, the regional headquarters for Latin America will be established in Chile followed by the gradual development of a sales and service network including Brazil, which is the Group's largest market for construction products.
More on Washingtoner
The Hitachi Construction Machinery Group is rebuilding the business structure for Latin America around Hitachi Construction Machinery Latin America with the goal of reaching sales revenue of 100 billion JPY or more in FY2030 in Latin America.
Hitachi Construction Machinery's Senior Vice President and Executive Officer, General Manager of America Business Div and Chairman of Hitachi Construction Machinery Americas, Sonosuke Ishii, stated " We have enjoyed the opportunity to develop relationships and grow partnerships within the Latin American region and are very excited for the addition of the new Latin American regional headquarters. Hitachi Construction Machinery intends to support our customer's and dealer's success with this new focused approach. This new team, which have detailed knowledge of the market, will be able to respond quickly to sales, parts and support needs. Hitachi Construction machinery Americas Inc. will support the new Latin American regional headquarter for seamless transition to build a strong network for continued success."
Overview of Hitachi Construction Machinery Latin America
About Hitachi Construction Machinery Co., Ltd.
More on Washingtoner
Hitachi Construction Machinery Co., Ltd., headquartered in Tokyo, Japan, is a construction machinery manufacturer which globally deploys development, manufacturing, sales, and service businesses for its hydraulic excavators, wheel loaders, compaction equipment, and mining machinery, etc. In addition to its new machinery business, Hitachi Construction Machinery is expanding its "value chain businesses" of parts and services, remanufacturing (parts and machines), rentals, and used equipment as it aims to grow together with customers as a true solutions provider that offers innovative solutions to customers. As our vow to all stakeholders to achieve this mission, we established and are currently disseminating and promoting the LANDCROS as our new concept. With roughly 26,000 employees around the world, the consolidated sales revenue for Hitachi Construction Machinery was 1,405.9 billion yen for fiscal year 2023 (ended March 2024) with an overseas sales revenue ratio of 84%. For more details, please see the company's website: https://www.hitachicm.com/global/en/
Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
With the dissolution of the joint venture with Deere & Company, the Hitachi Construction Machinery Group has been independently expanding the sales of new construction machinery and the provision of parts and services in the North and Latin American regions since March 2022. Until now, the Group has primarily focused its efforts on launching and expanding its sales and service system in North America and developed a dealer network and parts warehouses.
Currently, Hitachi Construction Machinery Americas Inc. (headquarters: Newnan, Georgia, USA; "Hitachi Construction Machinery Americas") is responsible for the Latin American region along with North America. Due to differences in culture, language, and business practices between North America and Latin America, it was decided that a regional headquarters would be established in the region with Chile serving as the headquarters for Latin America to rapidly respond to the needs of regional dealers and customers. Chile is the largest market in Latin America for mining dump trucks, a segment in which Hitachi Construction Machinery is working to expand sales, and close communication with customers is expected due to the concentration of headquarters for major mining companies. In addition, agreements for compact and construction products have been signed with dealers in Chile, Co-operative Republic of Guyana, Dominican Republic, Republic of Colombia, and Republic of Suriname. First, the regional headquarters for Latin America will be established in Chile followed by the gradual development of a sales and service network including Brazil, which is the Group's largest market for construction products.
More on Washingtoner
- RIGHT CARS Announces Landmark African Expansion Through Strategic Collaboration Agreement Across Eight Nations
- Spokane: Housing and Human Services Dept. Provides Update on Housing and Homelessness Initiatives
- Boston Industrial Solutions' Natron® 717N Series UV LED Ink Receives CPSIA Certification
- Spokane City Clerk To Retire After 30 Years In Role, Successor Named
- purelyIV Expands Mobile IV Therapy to Jackson, MI and Launches PlaqueX® IV Therapy
The Hitachi Construction Machinery Group is rebuilding the business structure for Latin America around Hitachi Construction Machinery Latin America with the goal of reaching sales revenue of 100 billion JPY or more in FY2030 in Latin America.
Hitachi Construction Machinery's Senior Vice President and Executive Officer, General Manager of America Business Div and Chairman of Hitachi Construction Machinery Americas, Sonosuke Ishii, stated " We have enjoyed the opportunity to develop relationships and grow partnerships within the Latin American region and are very excited for the addition of the new Latin American regional headquarters. Hitachi Construction Machinery intends to support our customer's and dealer's success with this new focused approach. This new team, which have detailed knowledge of the market, will be able to respond quickly to sales, parts and support needs. Hitachi Construction machinery Americas Inc. will support the new Latin American regional headquarter for seamless transition to build a strong network for continued success."
Overview of Hitachi Construction Machinery Latin America
- Company name: Hitachi Construction Machinery Latin America SpA
- Location: Santiago, Chile
- Business Activities: Hitachi Construction Machinery Latin America SpA will supply construction machinery (construction, compact, and mining products), parts, and services in the Latin American region as well as oversee the regional business.
- Capital: 10 million USD
- Date of Establishment: April 1, 2025 (scheduled)
- Business Start Date: October 2025 (scheduled)
- Shareholding Ratio: Hitachi Construction Machinery: 100%
About Hitachi Construction Machinery Co., Ltd.
More on Washingtoner
- Leimert Juneteenth Community Celebration Set for Friday, June 19, in Leimert Park Village
- UK Financial Ltd Publishes Maya Preferred Public Proof Package and CoinMarketCap Supply Verification Evidence
- Haven Treatment Center Launches Community Haircut Drive to Help Local Families
- Advancing High-Potential Nevada Critical Minerals Portfolio as Major Drill Program Nears Assay Results: Glenstar Minerals: Stock Symbol: GSTRF
- Allstream Energy Partners to Host 6th Executive Networking After 2026 Energy Projects Conference
Hitachi Construction Machinery Co., Ltd., headquartered in Tokyo, Japan, is a construction machinery manufacturer which globally deploys development, manufacturing, sales, and service businesses for its hydraulic excavators, wheel loaders, compaction equipment, and mining machinery, etc. In addition to its new machinery business, Hitachi Construction Machinery is expanding its "value chain businesses" of parts and services, remanufacturing (parts and machines), rentals, and used equipment as it aims to grow together with customers as a true solutions provider that offers innovative solutions to customers. As our vow to all stakeholders to achieve this mission, we established and are currently disseminating and promoting the LANDCROS as our new concept. With roughly 26,000 employees around the world, the consolidated sales revenue for Hitachi Construction Machinery was 1,405.9 billion yen for fiscal year 2023 (ended March 2024) with an overseas sales revenue ratio of 84%. For more details, please see the company's website: https://www.hitachicm.com/global/en/
Information contained in this news release is current as of the date of the press announcement, but may be subject to change without prior notice.
Source: Hitachi Construction Machinery Co., Ltd
0 Comments
Latest on Washingtoner
- TREND Network Announces Miami Based Reality Series "Coming Up Miami" Premiering July 1
- Beemok Hospitality Collection And KLH Group Announce Preferred Partnership
- Expanding Access to Mental Health Care in Toronto with Dr. Stephen Shainbart
- Dr. Stephen Shainbart Launches Expanded Mental Health Support for Anxiety and Depression in Toronto
- Equipment Leases, Inc. Launches Updated Family Office Equipment Financing Page
- Spokane: Council Members Introduce An Ordinance Imposing Data Center Moratorium
- The $5 Million Man Still Begging: Incumbent Jimmy Panetta Hits Up Voters for More Cash Despite Massive War Chest
- Kevin Francis Design Introduces CHROMA, a Collection of Saturated Solid Color Wool Rugs
- $150+ Million Contracted Backlog, Strategic Acquisitions Adding Millions In Recurring Revenue, Improving Margins & A Clear Path Toward Profitability
- Record Revenue Growth, AI-Driven Healthcare Innovation, Expanding Proprietary Brand and Targeting $200 Million Revenue By 2029: Cosmos Health Inc
- Bergey's Truck Centers Recognized in 2026 MACH Alliance Composable Impact Awards
- Tacoma: City Council Adopts Updated Stormwater Management Manual to Enhance Environmental Health and Regulatory Compliance
- Spokane Police Sergeant Pulls Elderly Female from Burning Home
- What Would you Do with Your Time if it Was Actually Money?
- Mr. Hospital Bed Showcases the Best Hospital Bed and Air Mattress for Bed Sores for 2026
- City of Tacoma Presents Updated Financial Forecast as Next Step in 'Roadmap to Recovery' to Navigate National Economic Pressures
- Tacoma: Full Intersection Closure at E. 11th Street and St. Paul Avenue for One-Day Asphalt Repairs on June 27
- Spokane: Early-Morning House Fire Damages Two Homes on East Sanson Avenue
- Spokane City Council Passes Aggressive Speeding Ordinance
- Traian TKD Tractari Auto Iasi: cum transporti legal la RAR o masina fara numere sau cu ITP expirat