Turkey’s Hidromek buys grader business
Mitsubishi sells motor grader unit to Turkish company
Hidromek’s net sales in 2012 reached approximately $342 million.
Hidromek has purchased Mitsubishi Heavy Industries’s motor grader business unit, including its production facilities in Thailand, machine designs, and the world-wide aftersales network.
The Turkish company, founded in 1978, will now be capable of designing, producing, distributing motor graders to markets world wide, as well as servicing the population.
Both companies are set to benefit from the move, with the grader business the last remaining compact equipment range in Mitsubishi’s HI infrastructure business, while enabling Hidromek to penetrate the Asia and ASEAN markets with its existing backhoe loader and excavator range.
This strategic move is in line with Hidromek’s 10 year growth plan and its quest to become a global brand in the construction machinery industry, said the company.
It will continue operations in Thailand, keeping existing MHI-Pornchai Machinery Co., Ltd. employees. As per this agreement, MHI will for a given period of time provide technical support and motor grader parts to Hidromek.
Hidromek’s net sales in 2012 reached approximately $342 million.
