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.
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Tags: Hitachi Construction Machinery, Joint Venture Kawasaki Heavy Industries, Kawasaki Heavy Industries, Ltd (Hitachi) and TCM Corporation (TCM), Ltd. and Hitachi Construction Machinery Cp., TCM Corporation, Wheel Loaders