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Kawasaki, Hitachi, and TCM to Create Joint Venture in Wheel Loaders
Article Date: 10-31-2008 |
Kawasaki Heavy Industries, Ltd. and Hitachi Construction Machinery Cp., Ltd (Hitachi) and TCM Corporation (TCM) announced that the three companies have reached an agreement to form an alliance focused on their wheel loader business. The new corporation will consist of Kawasaki’s wheel loader operation, of which Hitachi will obtain a 34% stake through purchasing newly issued shares.
The main purpose of the alliance is to join forces in the development and production of wheel loaders throughout the world. By joining the technological strengths and realigning the production capabilities of these three companies, the resulting wheel loader line will be very competitive.
The alliance will allow the new company to pool all of the technological and financial strengths to focus on the Tier IV emissions compliant wheel loader product line. Kawasaki Construction Machinery Corp. of America will continue its operations in Kennesaw, Georgia and Newnan, Georgia. The wheel loader line will continue to be marketed under the Kawasaki name in North and South America through the current Kawasaki distributor network.
“This is exciting because it will join the R & D capabilities of Kawasaki and Hitachi in the development of the Tier IV product. Hitachi is a well established and respected wheel loader manufacturer in Japan. We now have the resources of both companies available to improve our product and remain a competitive factor in the worldwide market.” Stated Gary Bell, Vice-President, General Manager of Kawasaki Construction Machinery.
Kawasaki is the oldest ongoing manufacturer of rubber-tire, articulated, wheel loaders in the world, serving the North American market for over 30 years. For information on all of the Kawasaki wheel loader products, and to view the in-depth Kawasaki Heavy Industries, Ltd. – Hitachi Construction Machinery Co., Ltd. Announcement, visit www.kawasakiloaders.com. |
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| 70TMV-2 New Model Introduction |
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| We are very pleased to announce the introduction of the new 70TMV-2.
This is a brand new model for us that will allow us to compete better in fork applications in this size class. The 70TMV-2 joins the 65TMV as our parallel lift machines. These are ideal for handling pallet materials or anything that requires parallel lift. The 70TMV-2 also joins the 70ZV-2 to give you products that cover the full range of applications in this large class.
We have always enjoyed a good market share with the 70ZV and now that will be expanded with the availability of the 70TMV-2.
The 70TMV-2 gives you more dump clearance and breakout force than
the 70ZV-2. Otherwise, you have the same high performance and power in both machines. |
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| 65ZV-2 Introduction |
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| We are very pleased to introduce the new 65ZV-2! This high demand machine is now better than ever. It
incorporates all of the many features of the ZV-2 family plus additional durability improvements. The most
noticeable is the Isuzu engine. While there may have been some concerns up front, we have field tested this
machine and the results have been very positive. Not only does the Isuzu have more power on paper (we went
from 134 HP to 140), but customers noticed the power and smooth transitioning between gears. They also
commented on how quiet this machine is. And, in a significant operator feature, we have made the air
conditioner standard. Quiet, reliable, powerful, and comfortable… it doesn’t get any better than that! |
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| Kawasaki FOCUS Magazine — Fourth Quarter, 2008 |
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In this Issue...  |
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New Business, Age-Old Ideals -
UPI Crushing in New Berlin, Wisconsin |
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Moving Time Sensitive Cargo -
Midwest Terminals of Toledo, Ohio |
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How Green is Demolition? - National Demolition Association |
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| Click here to view previous issues of the Kawasaki FOCUS Magazine. |
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| Click here to learn more about our Kawasaki Wheel Loaders. |
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