Sales rise for Kobelco cranes

13 February 2019

Kobe Steel, Kobelco’s parent company, reported an increase in unit sales of crawler cranes in the first nine months of its fiscal year, April 1 to December 31 2018.

The manufacturer attributed the increase to strong demand for its products internationally.

“Although unit sales of crawler cranes in Japan declined because of delays in pre-shipment inspection following the crane collapse accident that occurred at Kobe Steel’s Takasago Works in July 2018 [when a 1,250t 16000 J-H collapsed during load-testing], demand was firm mainly in North America and other overseas markets,” said the manufacturer.

The consolidated sales of the construction machinery segment, which includes cranes and hydraulic excavators, increased 11% year-on-year to ¥297.1bn ($2.71bn).

Ordinary income increased ¥6.7bn to ¥22.6bn, owing to higher unit sales of hydraulic excavators and the reversal of a part of the allowance for retained receivables in the hydraulic excavator business in China.