The sale of Kobelco's excavators and cranes fell by 4 per cent in the first quarter of the fiscal year to $ 877 mn as compared to last year. Operating profits for the two divisions were $ 37 mn. The results stated a 6.9 per cent fall in excavator sales by the Kobelco Construction Machinery division. Profitability at Kobelco Cranes also saw a turnaround, with the division noting a $ 8.1 mn operating profit in the first quarter of the fiscal year. Kobelco states that while the crane sales in Japan and Southeast Asia were the same, the European market witnessed a slump.
Contact: Kobelco's excavators.