Mitsubishi Corporation

Press Room

August 15, 2012

Supporting Safe and Efficient Mining Operations
Mitsubishi Corporation to Sell Hitachi’s Cutting-Edge Dump Trucks to Chinese Major

Mitsubishi Corporation (MC) has agreed to sell dump trucks manufactured by Hitachi Construction Co., Ltd. (Hitachi Construction) to major Chinese mining company China Coal Pingshuo Coal Industry Co., Ltd. (Pigshuo Coal). With an aim to support safe and efficient mining operations, MC will deliver 16 of Hitachi Construction's rigid dump trucks to China Coal Pingshuo Coal Industry Co., Ltd., each equipped with a state-of-the art drive system. This will be the first time MC has sold this type of dump truck in China.
Amidst the escalating global demand for energy and resources, mining companies all over the world are working hard to maintain production. They must be certain that their excavators (*1), dump trucks, and other heavy equipment are operating at full capacity. Increasing the efficiency of their machinery, quickly replacing worn or damaged parts (after-sales service), and paying due attention to safety are serious issues.
The dump trucks MC will sell to Pingshuo Coal are manufactured by Hitachi Construction, but are equipped with a drive system (*2) developed by Hitachi Ltd. It is the same, advanced drive system that has been used to great success in railway operations around the world, including high-speed (bullet) trains. The system enables very precise speed control, and will help the dump truck drivers to more safely negotiate the steep slopes in coal fields.
This type of dump truck experiences little wear and tear and is easy to maintain, which should help Pingshuo Coal and other potential buyers to cut down on their maintenance expenses. MC is confident that the success of this order will lead to increased dump truck sales in the near future.
Having set China as one of its Strategic Regions under Midterm Corporate Strategy 2012, MC is working hard to develop businesses in China that will ultimately grow into future earnings pillars. MC has already established a solid track record in Japan’s construction machinery business, and is now hoping to branch out into the Chinese market as well. Target areas include leasing operations, rentals, after-sales services, and used equipment sales.

【Hitachi Construction's rigid dump trucks : EH3500ACII】
*1: MC has also sold two of Hitachi Construction’s 21m3 hydraulic shovels for deployment at the coal mine in the Inner Mongolia Autonomous Region.
*2: The vehicle’s engine drives an electrical generator, which produces electricity controlled by inverters and other technology to power an AC motor. The system is highly fuel efficient and reliable.
1. China Coal Pingshuo Coal Co., Ltd.
(1) Head Office:                   Ping Shuo Sheng Huo Qu , Shuocheng District, Shuozhou City, Shanxi Province
(2) Established:                   August, 2008
(3) Capitalization:                11.6 billion Yuan
(4) Business:                       Coal excavation and sales
(5) Sales:                            29.2 billion Yuan (FY2010)
(6) Employees:                    15,000
(7) Representative:              YI Maosen
(8) Remarks:                       Subsidiary of China’s second largest state-owned coal mining enterprise, China Coal Energy Company Limited
2. Hitachi Construction Co., Ltd.
(1) Head Office:                   2-5-1 Koraku, Bunkyo-ku, Tokyo 112-8563, Japan
(2) Established:                   October, 1970
(3) Capitalization:                81.5 billion Yen
(4) Business:                       Manufacturing , sales and service of construction
machinery, transportation machinery, and other machines and devices.
(5) Sales:                            817.1 billion Yen
(6) Employees:                    21,814 (consolidated, as of March, 2012)
(7) Representative:              Yuichi Tsujimoto (President)
3. Mitsubishi Corporation
(1) Head Office:                   2-3-1 Marunouchi, Chiyoda-ku, Tokyo, Japan                 
(2) Established:                   April, 1950
(3) Capitalization:                204.4 billion Yen
(4) Business:                       MC has six Business Groups, which develop operations in the diverse fields of Industrial Finance, Logistics & Development; Energy; Metals; Machinery; Chemicals; and Living Essentials. In addition to these Business Groups, MC has also recently established its Business Service Group and Global Environment & Infrastructure Business Development Group.
(5) Sales:                            19,233.4 billion Yen (consolidated, for year ended March 31, 2012)
(6) Employees:                    63,058 (consolidated, for year ended March 31, 2012)
(7) Representative:              Ken Kobayashi, President and CEO

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