China-U.S. trade truce could reduce Komatsu’s tariff burden by $140 million
Komatsu President and CEO Takuya Imayoshi, the company’s CEO, told Reuters that due to the tariffs imposed by U.S. President Trump, Komatsu had previously forecast a 27% decline in profits for this fiscal year but has not yet indicated whether it will formally revise this forecast. Imayoshi noted that Komatsu manufactures equipment in the U.S. […]
The Overseas Expansion of Chinese Construction Machinery Manufacturers: Analysis of Global Growth Strategies
Domestic economic slowdown and rising trade barriers are accelerating the global expansion strategies of Chinese construction machinery manufacturers. Drivers of the “Going Global” Strategy Chinese construction machinery manufacturers are actively seeking partnerships with global rental companies and dealers to advance their ambitious overseas plans. Domestic market volatility, the need to circumvent high tariffs in […]