www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Top Biz News

Hitachi to double excavator sales in China

By Masumi Suga and Hiroshi Matsui (China Daily)
Updated: 2010-03-03 10:08
Large Medium Small

TOKYO - Hitachi Construction Machinery Co, Asia's second-largest excavator maker, may double sales in China this quarter, beating its forecast as the nation's spending on railroads and mining fuels demand.

The Tokyo-based company's excavator sales in China, the world's largest and fastest growing market, may surpass 3,500 units during the three months ending March 31, compared with 1,774 a year earlier, Chief Executive Officer Michijiro Kikawa said. That would exceed the 3,000 units the company projected for the period on Jan 27.

Demand for excavators in China may climb 20 percent in the year starting April 1 from a record this fiscal year, Kikawa said. Heavy machinery sales in China are being driven by the nation's efforts to develop inland regions and increase coal production to meet rising demand for electricity. Hitachi Construction's 17 percent share of China's excavator market is the third largest after Komatsu Ltd and Doosan Infracore Co.

"I expect China's strength will carry over into next fiscal year," Kikawa said.

"There's no sign of a slowdown despite adjustments to monetary policy."

China's economic growth accelerated in the fourth quarter to 10.7 percent, the fastest pace since 2007, because of stimulus spending, subsidies for consumer purchases and a record 9.59 trillion yuan ($1,40 trillion) of bank lending last year.

The nation's economy may expand 9 percent in 2010, according to the World Bank, and is expected to overtake Japan as the world's second-largest economy.

Hitachi Construction and its rivals, including Caterpillar Inc in Peoria, Illinois, have relied on growth in China as sales in the United States, Europe and Japan plummeted.

Hitachi Construction sold 556 excavators in China in January, exceeding its estimate of 530 units, and February sales of 679 units more than doubled the forecast of 300. Sales this month may reach 2,300, 100 more than the company's forecast, Kikawa said.

In China, about 40 percent of annual sales of excavators are typically sold in the first three months after the Spring Festival holiday, according to Shirou Ishii, a spokesman for Hitachi Construction. The festival fell in the second half of February this year.

Related readings:
Hitachi to double excavator sales in China Hitachi faces financial woes
Hitachi to double excavator sales in China Hitachi plans convertible issue
Hitachi to double excavator sales in China Caterpillar, Navistar eye China truck JV
Hitachi to double excavator sales in China Caterpillar looks to future with R&D

Hitachi Construction, 50 percent owned by Hitachi Ltd, which makes nuclear reactors, home appliances and hard disk drives, rose 3.2 percent to 1,910 yen ($21.40) on the Tokyo Stock Exchange on Monday. The shares have fallen about 21 percent this year.

Hitachi Construction has lagged Komatsu, the world's second-largest maker of excavators, in achieving an earnings recovery. The company had operating profit of 900 million yen in the three months ended Dec 31, less than one-sixth of its target.

The company left its full-year operating profit forecast unchanged at 24 billion yen, 51 percent below the year-earlier level, in its Jan 27 earnings statement.

Bloomberg News

 

主站蜘蛛池模板: 日本韩国欧美一区 | 东京一区二区三区高清视频 | 欧美日韩国产亚洲一区二区 | 孕妇孕交视频 | 国产精品一一在线观看 | 精品国产欧美一区二区五十路 | 日本一级毛片片在线播放 | 国产第一区二区三区在线观看 | 九九视频在线观看视频6 | 亚洲精品免费网站 | 韩国19禁主播裸免费福利 | 国产成人精品免费午夜 | 成 人色 网 站 欧美大片在线观看 | 欧美经典成人在观看线视频 | 免费观看a视频 | 亚洲日本va午夜中文字幕一区 | 国产精品福利社 | 国产亚洲自在精品久久 | 看一级毛片国产一级毛片 | 国产精品日韩一区二区三区 | 国产1级片 | 另类毛片 | 久久亚洲精品一区成人 | 岛国在线免费观看 | 亚洲一区二区在线成人 | 色综合久久一本首久久 | 美女被强行扒开双腿激情视频 | 美女美女大片黄a大片 | 国产高清在线不卡 | 黄色三级网站免费 | 国产免费一区二区三区在线观看 | 国产三级三级三级三级 | 韩国一级毛片 | 毛片免费视频观看 | 亚洲精品播放 | 欧美色视频日本片免费高清 | 欧美视频在线观 | 成人国产亚洲欧美成人综合网 | 国产一区日韩二区欧美三 | 91成人免费 | 性欧美成人依依影院 |