KSA bumps Komatsu’s strong ME performance
ME sales tops half billion dollar mark
Komatsu has reported 86.6% sales growth in the Middle East in the past year, as it reaps the rewards of its new sales agreement in Saudi Arabia with the Abdul Latif Jameel (ALJ) and Sumitomo JV, ALJHE.
For its 12 month figures to 31 March, 2014, Komatsu reported regional sales of $545 million (55,399 million Yen), up from $292m for the previous reporting year.
The 86.6% regional growth was by far the highest of any global sales territory.
“In the Middle East, demand grew steadily in some countries of Gulf nations, and sales advanced from the previous fiscal year,” said the company’s annual report.
“In Saudi Arabia, Komatsu steadfastly reinforced sales and product support operations with a leading local company with whom Komatsu signed the distributorship agreement at the end of 2012.”
With the sales bump, Komatsu sales to the Middle East make up almost 3% of the company’s annual sales revenue, which amounted to $19.2 billion, up 3.6% from the previous year. Komatsu’s largest markets are the Americas, Japan, and Asia and Oceania.
