Komatsu Profits Fall Sharply

Japanese construction manufacturer Komatsu saw profits fall sharply by 52 percent in Q2 2016 compared to same period in 2015 due to a global economic slowdown and a strong Japanese Yen.

Profits in Asia (excluding China and Japan) were down by 23.5 percent.The Middle East (47 percent) and Africa (35 percent) saw the biggest declines. The economic slowdown in China and falling oil and metal prices have led to lower global demand for construction and mining machinery exacerbated by a strong Yen.

Komatsu are not the only equipment maker suffering with both Caterpillar Inc. and Hitachi Construction significantly cutting their 2016 profit forecasts.

- Video Advertisement -

Related Post

Bentley Systems Wins Gold Stevie Award for AI Breakthrough in Engineering

Bentley Systems has won the Gold Stevie Award for Technology Breakthrough of the Year in the Construction and Civil Engineering Technology category at the 2026 Stevie Awards for Technology Excellence. The award recognizes Bentley’s Model Context Protocol (MCP) servers for STAAD. Pro and MicroStation, which bring agentic artificial intelligence into established infrastructure engineering workflows. Bentley’s […]

China Reaffirms Strategic Support for Cambodia’s Economic Development and Key Mega-Projects

China has reaffirmed its full commitment to encouraging Chinese state-owned and private enterprises to expand direct investments in Cambodia, aiming to drive the Kingdom’s next phase of socio-economic growth. The renewed investment pledge was solidified during a high-level bilateral meeting on September 7, 2026, between H.E. Sun Chanthol, Deputy Prime Minister and First Vice President […]

U.S. Business Delegation Explores High-Potential Investment Sectors and Incentives in Cambodia

Coordinated by the American Cambodia Business Chamber, American investors meet with Cambodian Investment Board leadership to evaluate green energy, logistics, and manufacturing opportunities while paving the way for a Virginia trade mission A trade and investment delegation from the United States conducted a series of high-level consultations with the Cambodian Investment Board on September 7, […]

Freeland Municipal Authority Uses Digital Twins to Reduce Water Loss

Freeland Municipal Authority (FMA) in Pennsylvania is using a digital twin to improve leak detection, reduce nonrevenue water, and strengthen the long-term resilience of its water system. Serving about 3,900 people, FMA had struggled to identify leaks and track water losses efficiently. The utility often relied on outside companies for leak detection, making the process […]

Royal Government Evaluates Proposal for Manhattan II Special Economic Zone in Svay Rieng

The 5th Single Window Meeting reviews plans to build on the legacy of the pioneer 315-hectare Manhattan SEZ across Cambodia’s premier border trade hub The Royal Government of Cambodia, through the Cambodian Investment Board of the Council for the Development of Cambodia, has convened the fifth Single Window Meeting of 2026 to evaluate a major […]

Cambodian Attends 21st APSF General Assembly in Seoul to Drive Regional Logistics Standardization

Public Works Ministry and logistics leaders present national progress on the APSF Roadmap 2030 and explore smart cold-chain systems across South Korea to elevate supply chain efficiency Seoul: Modernizing national supply chains and harmonizing trade standards remain critical imperatives for the Royal Government of Cambodia as it works to boost economic competitiveness and streamline cross-border […]