Kobelco Cranes sales increase in Asia
6 February 2014Results released by Japanese manufacturer Kobelco’s showed an increase in the sales of crawler cranes for the nine months until the end of 2013, compared to the same period in 2012.
The company said that unit sales increased in Japan on the back of monetary, fiscal, and other government economic measures. This was along with greater demand as part of the reconstruction work connected to the Great East Japan Earthquake of 2011. In overseas markets unit sales decreased in Europe, but increased in Southeast Asia.
The company said that consolidated segment sales for the first three quarters of 2013 had increased 21.8% year-on-year to JPY39.8bn. Ordinary income increased JPY3.8bn yen. The company said JPY2.5bn of this improvement was down to an improvement in export profits, brought about by a correction in the high yen.
