Komatsu: China market slow, no impact from anti-Japan sentiment

TOKYO Tue Oct 30, 2012 3:01am EDT

Related Topics

TOKYO Oct 30 (Reuters) - A Komatsu Ltd executive said the overall market in China for construction equipment has cooled, and the excavator maker has seen little impact on sales from anti-Japanese sentiment.

Komatsu, which competes with bigger rival Caterpillar Inc , expects demand for construction and mining equipment in China to fall by around 40 percent in October-December from a year earlier, Chief Financial Officer Mikio Fujitsuka told a news conference on Tuesday.

Demand in January-March could at best be level with the year-earlier period and at worst could fall by 20 percent, he said.

Relations between Japan and China nosedived after the Japanese government bought disputed islands in the East China Sea from a private Japanese owner in September, triggering violent protests and calls for boycotts of Japanese products across China.

FILED UNDER:
A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article