Furukawa Co to Develop Mining Machine Market in Emerging Countries

Furukawa Co. plans to cultivate resources and infrastructure development business mainly in emerging countries by increasing low-priced mining machine price with high quality.

Furukawa Co. has around 40% share of Japanese hydraulic breaker market share and 30% of world market share of hydraulic crawler drill. The demand of mining machine is increasing in emerging countries. The firm tries to cultivate the growing market.

The firm tries to increase the sales of hydraulic breaker for large power shovel in China. The firm’s subsidiay produces main parts including cylinder and piston at plants in Gunma and assembles the finished product in Chinese subsidiary to reduce the production cost. Furukawa Co. also tries to increase the sales in South America to respond increasing mining development due to higher resource price.

Furukawa Co. converts mining machine professionals to metals business to expand the business. The firm eyes the combination effect.