Komatsu Purchases Distributorship of Forklift Trucks in Australia
Komatsu Ltd. (hereinafter “Komatsu” and President & CEO: Kunio Noji) has recently purchased all shares of Red Australia Equipment Pty Limited (hereinafter “RED”), a wholly owned subsidiary of Sumitomo Corporation and a distributor of Komatsu forklift trucks, through Komatsu Australian Holdings Pty Ltd, a wholly owned subsidiary of Komatsu. The Company plans to change the name of this new subsidiary from RED to Komatsu Forklift Australia Pty Ltd (hereinafter KFAP).
In view of the fact that the population is increasing more steadily in Australia than other industrialized countries, Komatsu anticipates that the economy will grow in the mid- to long-range span and thus demand for forklift trucks will also continue to rise. KFAP plans to reinforce its marketing and product support capabilities in order to further expand its forklift truck business in Australia.
Specifics Komatsu Forklift Australia Pty Ltd
Established March 1998
Address 7 Welder Road Seven Hills, NSW 2147, Australia
Representative Tetsuya Ishikawa
Sales 98 million AUD for the fiscal year ended March 31, 2008
Line of business Sales and other activities related to forklift trucks
No. of employees 254 (as of March 31, 2008)
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