Skip to main content

Hitachi sees 7.8% increase in fiscal year-end revenues

Hitachi excavator

Hitachi Construction Machinery posted a 7.8-percent increase in revenues in its fiscal year ending March 31, compared with its previous fiscal year. The company had 1,033,703 million yen in revenues this fiscal year, compared to 959,153 million yen the previous year.

In issuing its results, Hitachi also warned that it expects its 2019 fiscal year results (through March 31, 2020) to be down 8.1 percent, to 950,000 million yen, citing a “slight decrease in global hydraulic excavator demand” compared to the previous fiscal year.

For the 2019 fiscal year, net sales saw a 14.4 percent increase, rising to 545,949 million yen from 477,221 million yen from the previous fiscal year.

 

ACME rental investment, electric excavators

In reporting its results, Hitachi noted its 33.3-percent equity buy of ACME Lift, an Arizona-based equipment rental company, as part of its emphasis to “expand the source of revenue besides new machine sales.”

When the ACME purchase was announced in September, Hitachi said it would “support ACME in finance and through the utilization of its existing North American distribution channels.” Hitachi would also “expand ACME’s earthmoving equipment re-rental business and provide overall business support.”

As part of the ACME buy, Hitachi said it intends to expand its rental business globally and hopes to implement the experience it gains in the North American market in that expansion.

In its 2019 fiscal results, Hitachi also said that it had established a new German distribution company, EAC, to develop electric-powered 2-ton to 8-ton concept electric-powered compact excavators.

Hitachi noted that excavator demand increased globally year-over-year, with the exception of Japan, the Middle East and Africa. For North America, Hitachi reported a 23.7 percent increase in revenues, compared with the previous fiscal year.

Hitachi Construction Machinery is the parent company of Hitachi Construction Machinery Holding USA in Kernersville, North Carolina; and Hitachi Construction Machinery Loaders America, based in Newnan, Georgia. It also has a 50-percent interest in Deere-Hitachi Construction Machinery, also based in Kernersville. Hitachi and Deere celebrated the 30th year of its joint excavator manufacturing venture in 2018.

 



from Equipment World http://bit.ly/2Jdhh7l
via Handy Rep Ai
Labels:

Comments

Post a Comment

Popular posts from this blog

List of Best Construction Companies in Bengaluru

Bangalore city which is now renamed as Bengaluru city is one of the biggest IT hubs in India. Bengaluru city has attracted many top construction companies in India to construct huge IT parks across the Bengaluru city. We have compiled a list of best construction companies in Bengaluru so that job seekers who are looking for civil engineering jobs can directly visit the job page of this top construction companies in Bengaluru and apply to appropriate jobs. Scope of top construction companies in Bengaluru Apart from building big IT parks, these leading construction companies in Bengaluru are also involved in construction of residential apartments in Bengaluru area, flats in Bengaluru city, big retail outlets in Bengaluru, hotels in Bengaluru, malls in Bengaluru, commercial spaces in Bengaluru etc. That is why in addition to big construction companies in Bengaluru, this city has also attracted top Architecture companies in India, best construction contractors in India, top scaffoldin...
19 comments
Read more

15 Small Kitchen Island Ideas That Inspire

Kitchen islands are the workhorses of a busy kitchen, but they also inevitably become a place where family and friends gather before and after mealtime. Whether topped with marble, laminate, or butcher block, a sturdy kitchen island provides a place to slice and dice, grab a bite to eat, store supplies, or stand around for conversation. A kitchen island doesn’t need to be big to perform its duties. Take some design inspiration from these small kitchen islands, then consider recreating the look in your kitchen, whatever the dimensions of your space. from Bob Vila : Trusted Home Renovation & Repair Expert https://ift.tt/2EFiwrM via Handy Rep Ai
Post a Comment
Read more

How to adjust CTL track tension (VIDEO)

It’s one of the simpler maintenance chores you can do, but adjusting the tension on the tracks of your compact track loader is critically important. If your tracks get too loose, they may spool off the undercarriage and put you in a bind – replacing tracks in the field takes at least two people and often auxiliary equipment. If your tracks are too tight, they can damage the undercarriage and lead to premature wear. We teamed with Leland Garrison, service technician at Thompson Tractor in Birmingham, Alabama, for a quick lesson on the proper way to tension the tracks on a Cat CTL. Note that different brands of CTLs will have different ways to accomplish this task, so consult your owner’s manual or your dealer and follow their instructions for the brand of machine you have. And don’t miss our video of this guide below where Garrison takes you through each step of this process. 1. Jack up the machine Raise one side of the machine with a jack and place a suitably rated jack under...
Post a Comment
Read more