Hitachi Construction Machinery

Global

History

HCM was established in 1970, when Hitachi, Ltd. spun off its construction machinery division. When it was still part of Hitachi more than 60 years ago, HCM was involved in the production of Japan’s first mechanical excavator.

Currently, the 48 companies that comprise the HCM Group are using IT as a strategic management resource to provide total solutions for customers’ needs. In this way, HCM continues to grow as a strong, global, competitive enterprise.

1949
May
  • Development of the Hitachi U05, the first cable-operated power shovel made entirely from Japanese technology.
1955
Dec
  • Establishment of Hitachi Construction Machinery Co., Ltd. (service company).
1957
Jan
  • Development of the Hitachi U106 all-purpose excavator 1957
1965
Apr
  • Establishment of (former) Hitachi Construction Machinery Co., Ltd. through amalgamation of Hitachi Construction Machinery Co., Ltd. (service company) and all construction machinery sales divisions of Hitachi, Ltd.
Jul
  • Development and release of the Hitachi UH03, the first hydraulic excavator developed with Japanese technology 1965
1969
Dec
  • Hitachi, Ltd.’s construction machinery manufacturing division split off from the parent company and established, with the Adachi and Tsuchiura Workss, as Hitachi Construction Machinery Co., Ltd. (manufacturing company)
1970
Oct
  • Hitachi Construction Machinery Co., Ltd. established through amalgamation of Hitachi Construction Machinery Co., Ltd. (manufacturing company) and (former) Hitachi Construction Machinery Co., Ltd., with capital of 3.8 billion yen
1971
Feb
  • Released the KH150, the world’s first fully hydraulic crawler crane
1972
Aug
  • Established Hitachi Construction Machinery (Europe) B.V.
1973
Oct
  • Capital increased to 3.85 billion yen (par value of shares changed from 500 yen to 50 yen)
1974
Mar
  • Adachi Plant incorporated into Tsuchiura Works under plant relocation and production consolidation measures
1976
Mar
  • Formed business tie-up with Kubota, Ltd. in the area of hydraulic excavators
Oct
  • Developed a Earth Pressure Balance Shield Machine, which won the Japan Society for The Promotion of Machinery Industry Prize.
 1979
 Jul
  • Established Yamagata Hitachi Construction Machinery Co., Ltd.

1981
Dec
  • Capital increased to 4.7 billion yen by issue of shares at market price; listed in the second section of the Tokyo Stock Exchange
    Formed business tie-up with Tadano Ltd. in the area of track cranes and crawler cranes
1982
Apr
  • Capital increased to 5.17 billion yen through gratuitous issue of new shares
1983
Jul
  • Formed business tie-up with U.S. company Deere & Company for supply of hydraulic excavators
1984
Jan
  • Released UT series of ultrasonic instruments; entered business areas other than construction machinery
Dec
  • Established Hitachi Construction Machinery (Singapore) Pte. Ltd.
1985
May
  • Capital increased to 5.687 billion yen through gratuitous issue of new shares
Oct
  • Capital participation in a construction machinery sales company in France (Fiat-Hitachi Excavators France S.A.) Established Oriental Hitachi Construction Machinery Sdn. Bhd. in Malaysia Established Hitachi Construction Machinery (America) Corp.
1986
Oct
  • Released four models of the new-generation excavator EX series
Nov
  • Established joint venture Fiat-Hitachi Excavators S.p.A. in Italy for local production of hydraulic excavators
1987
Jan
  • Released the EX3500, then the world’s largest class of super-size hydraulic excavators
May
  • Released six models in the second “Landy” EX series
1988
Mar
  • First issue of unsecured convertible debentures
May
  • Capital increased to 6.8509 billion yen through gratuitous issue of new shares
    Established joint venture Deere-Hitachi Construction Machinery Corp. in the United States for local production of hydraulic excavators
Jul
  • Moved into the wheel loader field; released six models in the “Landy” LX series
1989
Mar
  • Capital increased to 13.41044 billion yen by issue of shares at market price; listed in the second section of the Tokyo Stock Exchange
May
  • Completed Dejima Plant near Tsuchiura Works as base for mass production of Reduction Gear and other products
Sep
  • Listed in the first section of the Tokyo Stock Exchange
Dec
  • Second issue of unsecured convertible debentures
1990
Jan
  • Listed in the first section of the Osaka Securities Exchange Increased capital investment in Toyosha Co., Ltd.
May
  • Entered bulldozer and road construction machinery fields
Oct
  • Established Siam-Hitachi Construction Machinery Co., Ltd. in Thailand Released four models in the “Super Landy” New EX series

1991
Feb
  • Released five mini-excavator models
May
  • Established PT. Hitachi Construction Machinery Indonesia
1993
Feb
  • Entered technical collaboration with Korea’s Samsung Heavy Industries Co., Ltd. in the area of crawler cranes
1994
Jan
  • Established Euclid-Hitachi Heavy Equipment Inc. in the United States Released five models in the EX3 series of hydraulic excavators
1995
Apr
  • Established Hefei Hitachi Excavators Co., Ltd. in the city of Hefei, China Moved into the area of off-road dump trucks
1996
Jan
  • Released three models in the EX5 series of hydraulic excavators
Feb
  • Released two models in the Mu series of ultra-small, pivoting mini-excavators
Aug
  • Issued 20 billion yen worth of domestic straight bonds
1997
Apr
  • Won the Ichimura Prize for the EX3500
Jul
  • Issued 20 billion yen worth of domestic straight bonds
Nov
  • Developed the EX5500, a super-size hydraulic excavator in the 515-ton class, the largest class in the world Received ISO 14001 certification for environmental management system
1998
Jun
  • Launched the “Jump Up 30 for 21″ Interim Management Plan
Aug
  • Upgraded South African sales agency to fully-owned subsidiary
Oct
  • Purchased control of the U.S. company Euclid-Hitachi Heavy Equipment, Inc. from Volvo Construction Equipment N.V.
1999
Jul
  • HCM’s FA Division, engaged in the manufacture and sales of such products as ultrasonic imaging devices, established independently as Hitachi Kenki FineTech Co., Ltd.
Sep
  • Business tie-up with TCM Corporation in the area of wheel loaders
2000
May
  • Head Office relocated from 2-6-2 Otemachi, Chiyoda-ku, Tokyo to present location
Jun
  • Released the ZAXIS series of “e-excavators”
2001
Feb
  • ZAXIS series won grand prix at the 2000 Nikkei Superior Products and Services Awards.
Apr
  • Released seven models of the wheel loader series (joint models with TCM Corporation and Furukawa Co., Ltd.)
    Business tie-up with Sumitomo Heavy Industries,Ltd. and TADANO Ltd.in the area of crane business
May
  • Won the Japan Construction Machinery Association’s “President’s Award” for ZAXIS series
2002
Apr
  • Started of study on cooperation with komatsu in the area of construction machinery production and procurement
Jul
  • Established Hitachi Sumitomo Heavy Industries Construction Crane Co., Ltd.
    Established Hitachi-Furukawa Loaders Europe S.A.S in France
Dec
  • Third issue of unsecured convertible debentures
2003
Jan
  • Further expansion into Europe. Production begins at Holland Plant
Nov
  • Received Miles Company Award from the Society of Japanese Value Engineering
2004
Mar
  • Developed EX8000, one of the world’s largest-class hydraulic excavators
Jun
  • Capital increased to ¥42,519.85 million by issuance of new shares at market value
Oct
  • Changed trading unit from 1000 shares to 100 shares
Oct
  • Established Hitachi Construction Machinery Alba Co., Ltd. and Hitachi Construction Machinery France S.A.S.
2005
Mar
  • Established Hitachi Construction Machinery (Malaysia) Sdn. Bhd.
Apr
  • Established Hitachi Construction Machinery (China) Co., Ltd.
Jun
  • TCM Corporation became a consolidated subsidiary
2006
Jan
  • Launched ZAXIS-3 Series large-sized hydraulic excavator and ZW Series wheel loader models
Apr
  • Launched ZAXIS-3 Series medium-sized hydraulic excavators
Oct
  • Hitachi Construction Machinery Alba Co., Ltd. merged with TCM Corporation
2007
Aug
  • Capital increased to ¥81,576.59 million by issuance of new shares at market value
Aug
  • Completed construction of Hitachinaka Works
2008
Apr
  • Established Hitachi Construction Machinery REC Co., Ltd.
Aug
  • Completed construction of Hitachinaka-Rinko Works
Sep
  • Launched EH3500ACII, one of the largest AC-driven, rigid dump trucks manufactured in Japan
Oct
  • Hitachi Kenki FineTech Co., Ltd. merged into Hitachi Construction Machinery
2009
Jul
  • Acquired ownership of Wenco International Mining Systems Ltd. based in Canada
Dec
  • TCM Corporation became a wholly owned subsidiary through an exchange of shares
2010
Mar
  • Established Hitachi Construction Machinery Eurasia Sales LLC
Mar
  • Acquired ownership of Telco Construction Equipment Co., Ltd. based in India
Jun
  • Capital participation in KCM Corporation
Oct
  • Established Hitachi Construction Machinery Africa Pty. Ltd.
2011
Mar
  • Established Hitachi Construction Machinery Middle East Corporation FZE
Apr
  • Established Hitachi Construction Machinery Eurasia manufacturing LLC
2012
Apr
  • Established Hitachi Construction Machinery Japan Co., Ltd.
Aug
  • All shares of TCM Corporation were transferred to UniCarriers Corporation
Dec
  • Telco Construction Equipment Company Limited changed its corporate name to Tata Hitachi Construction Machinery Company Limited
2014
Apr
  • Completed construction of Tsukuba Central Parts Depot