5 Apr, 2002
Komatsu Ltd.
Corporate Communications
Tel: +81-(0)3-5561-2616
URL: http://www.komatsu.com/
Hitachi Construction Machinery Co., Ltd.
Corporate Communication Dept.
Tel: +81-(0)3-3830-8065
URL: http://www.hcmac.com/
Komatsu Ltd. and Hitachi Construction Machinery Co., Ltd. have agreed to start discussions concerning a cooperative relationship in production and procurement that is intended to further enhance the cost competitiveness of their products. More specifically, the Parties will study a wide range of business arrangements to reduce production costs mainly by cross-supply and joint procurement of components for construction and mining equipment.
The two companies will focus on the subject areas specified below. As they continue their discussions, they plan to agree on collaborative relations beneficial to both Parties, and to implement them in a timely manner in thesecond half of this fiscal year.
The agreement covers production and procurement only and excludes the areasof sales and services.
Accordingly, it will not affect the sales networks, brands or product identities of the Parties. The two companies have no plans for mutual capital participations.