Komatsu to spend ¥30-50 billion to improve production
Japanese construction machinery maker Komatsu Ltd. plans to invest ¥30-50 billion (US$364-607 million) over the next three years to make its Japanese plants more productive, the Nikkei business daily reported.
Komatsu wants to cut production costs by 30-40% at four of its plants in Japan by streamlining production lines, updating facilities and increasing outsourcing, Nikkei said.
The move to streamline its plants at home comes as the market for construction equipment in China has cooled, hurting the company’s sales and production, the report said.
The four plants in which Komatsu plans to invest include the Awazu plant in western Japan and another in Osaka prefecture, the Nikkei said.