Kobelco Construction Machinery and Kobelco Cranes to Merge

December 22, 2015 - Kobe Steel Ltd. has announced the planned merger of Kobelco Construction Machinery and Kobelco Cranes, effective April 1, 2016. The Kobe Steel Group has decided to merge the two companies to further strengthen its business foundation and accelerate global development in relation to the construction equipment business.

 

Kobelco Construction Machinery spun off the crane business in 2004. Following the establishment of Kobelco Cranes, these two companies have specialized in their respective fields in Japan and overseas. The merger is anticipated to improve business efficiency, strengthen product development capabilities, and bolster global development, according to the company. It will also enable Kobe Steel to pursue new possibilities from the accumulated technologies of its excavators and cranes. The company also announced it will continue to consider the consolidation of domestic and overseas locations.