The world’s second largest manufacturer has been hit by a slump in Chinese demand
Japanese machinery giant Komatsu is to slash production by 30-40% in Japan as it moves to become more profitable.
In a report last month with the Nikkei business daily, the manufacturer said that instead of increasing capacity it will invest up to $607 million in next generation technology.
Komatsu will will reduce its range by 20% by 2015 but will upgrade four plants, improving “production lines, updating facilities and increasing outsourcing”.