Creating Value through Innovation

At present, new technologies represented by 5G, artificial intelligence, industrial Internet, and the Internet of Things are developing at an unprecedented speed, and the world is in a state of unprecedented change in a century.

 Komatsu Manufacturing Co., Ltd. (aka Komatsu Group, hereinafter referred to as Komatsu) was established in 1921 in Komatsu, Ishikawa Prefecture, Japan, and has carried out construction machinery, mining machinery and industrial machinery businesses around the world. The consolidated fiscal year 2018 revenue was approximately 2.7 Trillion yen and more than 60,000 employees. As early as 1956, Komatsu began friendly exchanges with China. Under the active advocacy of Mr. Heliangcheng, then Chairman of Komatsu, Komatsu provided the new China in the early days of the founding of the country with the construction machinery urgently needed by the country's capital construction at that time. China's industrialization, especially the development of manufacturing, has contributed. In 1995, under the policy of the Chinese government to encourage foreign direct investment, and also to meet the growing demand of the Chinese construction machinery market, Komatsu established joint ventures with a number of Chinese construction machinery companies that had technical cooperation before and started Local production in China. In the management of joint ventures, Komatsu focuses on the integration of Chinese-style business models with Japanese-style quality and production management, so the joint venture has achieved good development.

Mr. Inagaki said that pursuing "quality and integrity" and maximizing the comprehensive trust from all stakeholders, including society, is the foundation of Komatsu's business. At the same time, in China, Komatsu is actively carrying out ICT advancements, such as service information management and parts sales through smart phone applications, and is working hard to build a more comprehensive service system to provide high-quality services to customers.

For more than 60 years, with the strong support of Chinese governments at all levels, joint venture partners, outsourcing companies, agencies, and local communities, especially the broad masses of users, Komatsu's business in China has made great progress!