Kobelco Construction Machinery Co., a Kobe steel, Ltd. group company, decided to launch production and sales of its construction machinery models in India.
Kobelco Construction Equipment India Pvt. Ltd. will start production of Kobelco models, including 20ton class hydraulic shovel loaders, from January 2011 at the newly constructed factory, located in Sri City Industrial Zone, 75Km north from Chennai.
In India, Construction machinery market has been growing roughly 37% year by year from 2004. In 2008, sales of construction machinery totaled 8,500 units, which is one-seventh the Chinese market.