Japanese manufacturer Komatsu is a world leader in the field of construction, military and mining equipment, and now they are hoping to take this field to a whole new level; deep underground.
Komatsu is joining forces with General Electric Co. to venture into the market of subterranean mining equipment. With a rising demand for metal and mineral commodities, mining companies are going deep underground in search of resources, leading to the needs for new products to be developed.
Since Komatsu already have the product knowledge and expertise in producing mining machinery, they feel that they offer serious competition in this field.
Together, with their established engineering backgrounds, Komatsu and GE hope to become leaders in the market and with mining equipment accounting for 33 percent of Komatsu’s sales last year, pioneering new underground mining products will be an attractive new long term venture.