Excavator

Volvo CE breaks ground on $100 million North American investment

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<b style="outline-color: initial; outline-style: none; outline-width: initial;">On May 4, Volvo Construction Equipment broke ground on the first phase of the 100 MUSD expansion of its site in Shippensburg, Pennsylvania. The first phase includes construction of a new America’s headquarters office. Incorporating the latest environmental building practices, the expansion is a visible sign of the company’s commitment to the important North American market.</b></div>
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When complete the development will include not only a new office building and customer demonstration center but will also localize production of some of the company’s larger construction machines.</div>
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<b style="outline-color: initial; outline-style: none; outline-width: initial;"><br style="outline-color: initial; outline-style: none; outline-width: initial;" /><img alt="Volvo CE Shippensburg, PA" border="0" height="491" src="http://www.volvoce.com/cwp2moss.news.images/238079" style="border-bottom-width: 0px; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; height: 135px; outline-color: initial; outline-style: none; outline-width: initial; width: 584px;" title="Volvo CE Shippensburg, PA" width="1737" /> </b></div>
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<b style="outline-color: initial; outline-style: none; outline-width: initial;"><br style="outline-color: initial; outline-style: none; outline-width: initial;" />Made in the U.S.A.</b></div>
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Volvo CE is making a commitment to have machines built locally. The expansion will bring production of some key product lines to Shippensburg. The new series of wheel loaders (<a href="http://www.volvoce.com/constructionequipment/na/en-us/products/wheelloaders/wheelloaders/L60G_L70G_L90G/Pages/featuresandbenefits.aspx" style="color: #222222; outline-color: initial; outline-style: none; outline-width: initial;" target="_self" title="L60G, L70G, L90G Wheel Loaders">L60G, L70G and L90G</a>) will be the first of three new machine types expected to come off the production line. Larger models of the<a href="http://www.volvoce.com/constructionequipment/na/en-us/products/wheelloaders/Pages/wheel-loaders.aspx" style="color: #222222; outline-color: initial; outline-style: none; outline-width: initial;" target="_self" title="Wheel Loaders">wheel loader</a>, <a href="http://www.volvoce.com/constructionequipment/na/en-us/products/excavators/Pages/excavators.aspx" style="color: #222222; outline-color: initial; outline-style: none; outline-width: initial;" target="_self" title="Excavators">excavator</a> and <a href="http://www.volvoce.com/constructionequipment/na/en-us/products/articulated-truck/Pages/volvo-articulated-truck.aspx" style="color: #222222; outline-color: initial; outline-style: none; outline-width: initial;" target="_self" title="Articulated Haulers">articulated hauler</a> product lines are planned in the future. The factory could eventually produce 70% of Volvo Construction Equipment machines sold in North American.</div>
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President of Sales Region Americas Göran Lindgren says it’s an exciting time for everyone involved.  “This groundbreaking symbolizes Volvo CE’s commitment to North America and indeed to the whole Americas region,” says Lindgren. “The investment will increase the company’s flexibility and agility, enabling us to meet customer demands faster.”</div>
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<b style="outline-color: initial; outline-style: none; outline-width: initial;">Core values built in</b></div>
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The design of the new America’s Headquarters building follows in the footsteps of an on-going expansion project in the factory. The new office building will be 36,000 square feet, consisting of two floors and a ‘bridge’ that will connect the new building with existing facilities.  Efforts are also being made to secure LEED certification for the office building.  LEED (Leadership in Energy and Environmental Design) certification requires that buildings be designed, constructed, and operated with careful consideration for environmental impact of the health of occupants. The Shippensburg facility recently received a Silver LEED certification for the 2010 expansion of the manufacturing area.</div>
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Operations President of Volvo CE Americas Andy Knight says the Shippensburg campus will be a world class facility. “We are an industry leader in so many ways and the actual facility we work in is no different. The infrastructure investment is just one way we are living Volvo CE core values of quality, safety and environmental care.”</div>
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The new Headquarters office is expected to be ready for occupation by the beginning of 2013.</div>
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The Shippensburg facility employs over 800 people and makes over 50 different models of asphalt pavers, soil and asphalt compactors, milling machines and motor graders. This figure is set to rise to around 70 models by 2015. Volvo acquired the facility in April 2007 as part of its purchase of Ingersoll Rand’s road development division.  Today it has become an important element of the worldwide Volvo Construction Equipment manufacturing footprint, spread across four continents.</div>
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Volvo CE breaks ground on $100 million North American investment

On May 4, Volvo Construction Equipment broke ground on the first phase of the 100 MUSD expansion of its site in Shippensburg, Pennsylvania...

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Giving the Board of Directors the Authority to Issue Stock Acquisition Rights as Stock-Based Remuneration to Employees of the Company and Directors of Major Subsidiaries of the Company

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Komatsu Ltd. (hereinafter "Company") hereby announces that at the meeting of the Board of Directors held on April 26, 2012, the Company resolved to propose an agendum to the 143rd Ordinary General Meeting of Shareholders which will be held on June 20, 2012, to give the Company's Board of Directors the authority to issue Stock Acquisition Rights as "stock-based remuneration" to employees of the Company and Directors of major subsidiaries of the Company in accordance with the provisions of Articles 236, 238, and 239 of the Corporation Act. See below for details.<br />
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[Description]<br />
1. Reasons for Issuing the Stock Acquisition Rights on Preferential Terms and Conditions<br />
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The Company would like to grant Stock Acquisition Rights to employees of the Company and to the Directors of major subsidiaries of the Company without consideration not only for the purposes of raising their morale and their motivation to contribute to the improvement of the consolidated performance of the Company, but also for the purpose of clarifying their incentive to enhance the long-term corporate value of the Company by fostering the same perspective on corporate value with the shareholders. The number of Stock Acquisition Rights to be granted without consideration shall be determined based on the Company's consolidated performance with the same payment criteria of the "stock-based remuneration" at the Directors of the Company.<br />
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2. The Features and the Maximum Number of the Stock Acquisition Rights that the Board of Directors Can Decide to Issue under the Authority Granted by a Resolution at this Ordinary General Meeting of Shareholders<br />
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(1) The maximum number of the Stock Acquisition Rights for which the terms and conditions of the issuance can be determined based on the authority granted by this Ordinary General Meeting of Shareholders<br />
The maximum number of Stock Acquisition Rights to be issued under the conditions described in '2. (3)' below shall be 2,555 units.<br />
The maximum number of common stock to be issued upon the exercise of the Stock Acquisition Rights shall be 255,500 shares, and if the Number of Shares Granted (defined below) subject to Stock Acquisition Rights is adjusted as provided for in '2. (3)' below, the maximum number of common stock to be issued shall be the number obtained by multiplying the above mentioned maximum number of the Stock Acquisition Rights by the adjusted number of shares in connection with the Stock Acquisition Rights.<br />
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(2) The Company may issue Stock Acquisition Rights in question without consideration.<br />
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(3) The features of the Stock Acquisition Rights to be issued on the basis of the authority granted by this Ordinary General Meeting of Shareholders<br />
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1) Type and number of shares to be issued upon the exercise of Stock Acquisition Rights<br />
The shares to be issued for the Stock Acquisition Rights shall be common stock, and the number of shares subject to one (1) Stock Acquisition Right (hereinafter "Number of Shares Granted") shall be 100 shares. However, after the resolution date of this agendum at the 143rd Ordinary General Meeting of Shareholders (hereinafter "Resolution Date"), if the Company effects stock split of its common stock (including allotment of common stock to shareholders without consideration; the same applies hereinafter) or effects a stock consolidation, the Number of Shares Granted subject to one (1) Stock Acquisition Right shall be adjusted proportionately, in accordance with the ratio of the stock split or the stock consolidation in question. Also, if it is necessary to adjust the Number of Shares Granted after the Resolution Date for reasons other than the aforementioned reasons, the Company shall adjust the Number of Shares Granted in connection with the aforementioned Stock Acquisition Rights to the extent reasonable.<br />
Fractions of less than one (1) share resulting from the foregoing adjustment shall be rounded down.<br />
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2) Amount of assets to be paid upon exercise of the Stock Acquisition Rights<br />
The amount of assets to be paid upon exercise of the Stock Acquisition Rights shall be JPY one (1) per each one (1) share to be transferred upon exercise of the Stock Acquisition Rights, multiplied by the Number of Shares Granted.<br />
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3) Exercise period for the Stock Acquisition Rights<br />
From August 1, 2015 to July 31, 2020<br />
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4) Matters concerning the increase in paid-in capital and capital surplus in the event of issuance of shares upon the exercise of the Stock Acquisition Rights<br />
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i.The amount of paid-in capital increase in the event of the issuance of shares upon the exercise of the Stock Acquisition Rights shall be one half of the maximum amount of capital increase, calculated in accordance with Article 17, Paragraph 1 of the Corporate Accounting Regulations. Fractions less than one (1) yen resulting from the calculation shall be rounded up.<br />
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ii.An increase in the capital surplus in the event of the issuance of shares upon exercise of the Stock Acquisition Rights shall be the amount obtained by subtracting the amount of the paid-in capital increase from the maximum amount of the capital increase, as set forth in '4) i' above.<br />
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5) Restriction on Acquisition of the Stock Acquisition Rights by Transfer<br />
Acquisition of the Stock Acquisition Rights by transfer shall be required to be approved by resolution of the Board of Directors of the Company.<br />
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6) Provisions pertaining to acquisition of the Stock Acquisition Rights by the Company<br />
The Stock Acquisition Rights do not contain the provisions pertaining to the acquisition by the Company.<br />
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7) Conditions for exercising the Stock Acquisition Rights<br />
If a holder of Stock Acquisition Rights who is a Director, Corporate Auditor or employee of the Company, or a Director, Corporate Auditor or employee of an affiliate of the Company, loses his or her all respective states set above, that person is able to exercise the Stock Acquisition Rights only within three (3) year period from the date they lost such position; provided, however, that the period shall not exceed the original exercise period for the Stock Acquisition Rights described at '3)' above, and the other terms and conditions concerning the exercise of Stock Acquisition Rights shall be decided by the Board of Directors of the Company.<br />
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8) In the event where the Company engages in any merger (limited to a case where the Company ceases to exist as the result of the merger), a corporate split in which a division of the Company is merged into an existing company, a corporate split in which a division of the Company is spun off to establish a new company (for both, limited to cases where the Company is split up), or an exchange or transfer of shares (for both, limited to cases where the Company becomes a fully-owned subsidiary) (hereinafter collectively "Restructuring Actions"), each person holding the remaining Stock Acquisition Rights at the time the Restructuring Actions take effect (hereinafter "Remaining Stock Acquisition Rights") shall be granted the Stock Acquisition Rights of the relevant stock companies prescribed in Article 236, Paragraph 1, Item 8, (a) through (e) of the Corporation Act (hereinafter "Reorganized Company"), in accordance with the conditions set forth below. In this event, the Remaining Stock Acquisition Rights shall become null and void and new Stock Acquisition Rights in the Reorganized Company shall be issued. However, the new Stock Acquisition Rights shall be granted only if provisions for granting them in accordance with the following conditions (i–viii) are included as conditions in a merger agreement (in which the Company is merged into a Reorganized Company or a Reorganized Company is established as the result of the merger), a corporate split agreement (in which a division of the Company is merged into a Reorganized Company), a plan for a corporate split (in which a division of the Company is spun off to establish a Reorganized Company), and a share exchange agreement or a plan for transfer of shares (in both of which the Company becomes a fully-owned subsidiary of a Reorganized Company).<br />
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i.Number of the Stock Acquisition Rights of a Reorganized Company to be granted<br />
At the time the Restructuring Actions take effect, each holder of the Remaining Stock Acquisition Rights shall be granted the Stock Acquisition Rights of which the number is equivalent to the number of such Rights held at the Reorganized Company.<br />
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ii. Type of shares of the Reorganized Company to be issued for the Stock Acquisition Rights<br />
Type of shares subject to the Stock Acquisition Rights shall be common stock of the Reorganized Company.<br />
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iii.Number of shares of the Reorganized Company to be issued upon exercise of the Stock Acquisition Rights<br />
The number of shares shall be determined in accordance with '1)' above, after taking into consideration the conditions or other factors concerning the Restructuring Actions.<br />
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iv.Amount of assets to be paid upon the exercise of the Stock Acquisition Rights<br />
The amount of assets to be paid upon the exercise of newly granted Stock Acquisition Rights shall be the amount obtained by multiplying JPY one (1) per each one (1) share, by the number of shares to be issued for each acquisition right as determined in '8) iii' above.<br />
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v. Exercise Period for the Stock Acquisition Rights<br />
The Exercise Period shall begin on either the first date of the exercise period for the Stock Acquisition Rights stipulated in '3)' above, or on the date that the Restructuring Actions take effect, whichever comes later, and shall continue to the final date of the exercise period for the Stock Acquisition Rights stipulated in '3)' above.<br />
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vi. Increase in paid-in capital and capital surplus in the event of the issuance of shares upon exercise of the Stock Acquisition Rights<br />
Such increases shall be determined based on '4)' above.<br />
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vii. Restriction on Acquisition of the Stock Acquisition Rights by Transfer<br />
Acquisition of the Stock Acquisition Rights by transfer shall be required to be approved by the Reorganized Company.<br />
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viii.Provisions pertaining to acquisition of the Stock Acquisition Rights<br />
The Stock Acquisition Rights do not contain the provisions pertaining to the acquisition of the Stock Acquisition Rights.<br />
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9) In case where the number of shares to be issued or transferred to the holders of the Stock Acquisition Rights includes any fraction less than one (1) share, such fraction shall be rounded down.<br />
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(4) Delegation of authority to make decisions regarding the issuance of the Stock Acquisition Rights and related matters<br />
In addition to the above provisions, decisions regarding the issuance of the Stock Acquisition Rights and all the relevant details shall be decided by the Board of Directors of the Company which shall be held separately.<br />
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(Reference)<br />
At the 141st Ordinary General Meeting of Shareholders, held on June 23, 2010, the remuneration in the form of Stock Acquisition Rights to be granted to the Directors of the Company as the "stock-based remuneration" was approved on the condition that the total amount of such remuneration for each fiscal year shall be no more than JPY 360 million (of which, up to JPY50 million shall be allocated for Outside Directors) and the number of Stock Acquisition Rights so issued to the Directors of the Company as such remuneration in the one year period following the date of each Ordinary General Meeting of Shareholders shall be no more than 2,390 units (of which, up to 330 units shall be allocated for Outside Directors).<br />
During this fiscal year, the Company plans to issue and allocate to its Directors as the "stock-based remuneration", in July or thereafter, the Stock Acquisition Rights of the same terms and conditions as those described above in this news release, at a fair subscription price, within the above limits of JPY amount and number of Stock Acquisition Rights<br />

Giving the Board of Directors the Authority to Issue Stock Acquisition Rights as Stock-Based Remuneration to Employees of the Company and Directors of Major Subsidiaries of the Company

Komatsu Ltd. (hereinafter "Company") hereby announces that at the meeting of the Board of Directors held on April 26, 2012, the C...

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Sany Heavy Industry Has Placed Sixth on International Construction’s 2012 Yellow Table

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Date of Release : 2012-05-10</div>
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With $7.861 billion in capital, Changsha, China-based Sany Heavy Industry has placed sixth on International Construction’s 2012 Yellow Table, a ranking of the world’s largest construction machinery manufacturers. </div>
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Sany ranked 43rd in 2004, one year after the magazine first published the list. Since then, the company has consistently increased its market share and become a major participant in the global heavy equipment industry. While the Yellow Table continues to list Caterpillar and Komatsu in the first and second places, those firms are followed by Volvo, Hitachi and Terex.</div>
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Nine years ago, Chinese companies listed on International Construction’s first Yellow Table generated sales of $841 million, representing 1.6% of the total. In each of the past six years, the percentage has grown and Chinese companies now account for $30.6 billion. In terms of market share, these firms now control 16.9%, a ten-fold increase in share size.</div>
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Analysts believe Sany’s rapid growth originates not only from the rise of China’s domestic market, but also from the company’s strategic development and product line expansion. In 2011 Sany surpassed Komatsu to become the global leader in the excavator market just years after entering the field in 2003. Also, after years of fierce competition, Sany purchased Germany’s Putzmeister in January, shaving five to ten years from the company’s globalization strategy.</div>
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The 2012 Yellow Table also documents a 25% increase in sales by companies on the list. The current $182 billion breaks the pre-2008 record of $168 billion. International Construction Editor Chris Sleight commented that sales have benefited from rebounding markets in Europe, Japan and North America. Over the next 12 months, the recovery of the North America market will greatly influence the 2013 Yellow Table.</div>
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Sany Heavy Industry Has Placed Sixth on International Construction’s 2012 Yellow Table

Date of Release : 2012-05-10 With $7.861 billion in capital, Changsha, China-based Sany Heavy Industry has placed sixth on Internatio...

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Komatsu will launch direct marketing and product support of mining equipment in Brazil beginning April 1, 2013.

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Komatsu Brasil International Ltda. (hereinafter "KBI"), a wholly owned subsidiary in Brazil of Komatsu Ltd. (President and CEO: Kunio Noji) (hereinafter "Komatsu"), will begin direct marketing and product support (such as direct parts sales and technical support) of Komatsu mining equipment to its mining equipment customers in Brazil effective April 1, 2013. For this purpose, KBI has been setting up own facilities, parts operation, systems, and hiring and training necessary personnel.<br /><br />Komatsu will continue to engage in marketing and product support of Komatsu mining equipment through Distribuidora Cummins Minas Ltda. (hereinafter "DCML") until March 31, 2013. KBI has agreed with DCML the direct marketing and product support services by KBI beginning April 1, 2013, and certain resources for the marketing and product support operations will be transferred to KBI under the agreement.<br /><br />In Brazil, the machine population of Komatsu mining equipment has been growing. In this light, it is becoming ever more important for Komatsu to improve machine utilization rate and thereby help its customers further enhance their mining productivity. The more direct involvement of Komatsu will reinforce its technical support capability and product support services such as timely overhaul and parts supply.<br /><br />KBI has also agreed with Mason Equipmentos Ltda (hereinafter "Mason Equipmentos"), an affiliate of DCML, that Mason Equipmentos will continue its distributorship of Komatsu construction and utility equipment in the state of Minas Gerais as currently being handled.</div>
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[Outline of KBI]</h2>
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<table class="normalTable" style="-webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" summary="[Outline of KBI]"><tbody>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Name:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Komatsu Brasil International Ltda.</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Established:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">12/12/1997</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Head office:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">São Paulo – SP – Brazil</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Representative:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Seiichiro Minami</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Line of business:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Sales & Marketing and Product support for construction and mining equipments.</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">No. of employees:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">111</td></tr>
</tbody></table>
</div>
</div>
<div class="pressItemContainer" style="background-color: white; color: #414141; font-family: Helvetica, Arial, sans-serif; font-size: 14px; line-height: 18px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-align: left;">
<h2 style="font-size: 14px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 5px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
[Outline of DCML]</h2>
<div class="mainText" style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">
<table class="normalTable" style="-webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; border-bottom-width: 0px; border-collapse: collapse; border-color: initial; border-image: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" summary="[Outline of DCML] "><tbody>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Name:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">DCML – Distribuidora Cummins Minas Ltda.</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Established:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">10/1/1977</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Head office:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Belo Horizonte – MG - Brazil</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Representative:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Edward Munson Mason</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Line of business:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">Distribution of product, parts, service and technical assistance of equipment<br />and engines and components of Komatsu and Cummins</td></tr>
<tr><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">No. of employees:</td><td style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 15px; padding-top: 0px; vertical-align: top;">374</td></tr>
</tbody></table>
</div>
</div>
<br class="Apple-interchange-newline" />

Komatsu will launch direct marketing and product support of mining equipment in Brazil beginning April 1, 2013.

Komatsu Brasil International Ltda. (hereinafter "KBI"), a wholly owned subsidiary in Brazil of Komatsu Ltd. (President and CEO...

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Cat® HF201B Felling Head More Durable and Productive

<br />
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">Caterpillar Forest Products is introducing the new Cat® HF201B
felling head with enhancements to improve performance and durability. Available
with 40° partial or full 330° tilt, the HF201B has a cutting capacity of 22.5
in. (572 mm) and is ideally matched with Cat track feller bunchers. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">“We redesigned the structure from top to bottom and went through four
prototype iterations with field and strain gauge testing,” said Keith Hicks,
product performance engineer. By redistributing the weight where it needs to be
in the high stress areas, we were able to reduce the overall weight by 900 lb. (408
kg). The weight reduction and other structural improvements will extend the
life of the head and the carrier and reduce operator fatigue.”<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">The head is more robust as a result of a stronger dual box section
frame design, improved arm box structures, stronger pin retention and more use
of abrasion resistant material on the saw base. Hydraulic plumbing was
simplified with a 42 percent reduction in the number of hoses and a 52 percent
reduction in connection points. Hose maintenance is easier and the opportunity
for leaks is decreased.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">The grab and accumulator arms were redesigned with single cylinders,
reducing hydraulic flow demand on the carrier by about 40 percent. The arms now
have both base and rod end cylinder snubbers. “When the arms are opening or
closing, the hydraulic oil is dampened at the end of the stroke, cushioning the
impact. Also, the new shape and reduced weight of the grab arm reduces the
arm’s mass momentum 46 percent, which also adds to durability.”<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">Tree handling and bundling are improved. The HF201B can hold 7-8
stems 152 mm (6 in.) in diameter as compared to 4-6 with the previous model.
The new designs for the grab and accumulator arms and the top tree yoke improve
tree control. Changes in the saw base also contribute to the head’s
performance. A 12 percent larger throat opening makes it easier to position a
tree and improves handling trees with butt swell.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">Tapered saw housing improves discharge, reduces abrasive wear and
snow build-up. A more open saw base bottom reduces debris build-up and saw
stalling. Improvements to the partial tilt design head include upgrades to the
base frame and tilt components, providing more consistent torque output and
increased life.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">For more information visit www.cat.com/forestry.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; margin-left: 180.0pt; text-indent: 36.0pt;">
<br /></div>
<div align="center">

<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: none; mso-border-alt: solid windowtext .5pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt;">
 <tbody>
<tr style="mso-yfti-firstrow: yes; mso-yfti-irow: 0; page-break-inside: avoid;">
  <td colspan="2" style="border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 289.8pt;" valign="top" width="386">
  <h4>
<span lang="EN-AU">Machine Specifications<o:p></o:p></span></h4>
</td>
 </tr>
<tr>
  <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.9pt;" valign="top" width="193">
  <div class="MsoNormal">
<span lang="EN-AU">Throat
  opening<o:p></o:p></span></div>
</td>
  <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.9pt;" valign="top" width="193">
  <div class="MsoNormal">
<span lang="EN-AU">51 in. /
  1,295 mm<o:p></o:p></span></div>
</td>
 </tr>
<tr>
  <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.9pt;" valign="top" width="193">
  <div class="MsoNormal">
<span lang="EN-AU">Accumulation
  capacity<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-left: 18.0pt;">
<span lang="EN-AU">Tree dia. 152 mm / 6 in.<o:p></o:p></span></div>
</td>
  <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.9pt;" valign="top" width="193">
  <div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span lang="EN-AU">7-10<o:p></o:p></span></div>
</td>
 </tr>
<tr>
  <td style="border-top: none; border: solid windowtext 1.0pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.9pt;" valign="top" width="193">
  <div class="MsoNormal">
<span lang="EN-AU">Maximum
  cut diameter<o:p></o:p></span></div>
</td>
  <td style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt 0cm 5.4pt; width: 144.9pt;" valign="top" width="193">
  <div class="MsoNormal">
<span lang="EN-AU">22.5 in.
  / 572 mm<o:p></o:p></span></div>
</td>
 </tr>
</tbody></table>
</div>
<div class="MsoNormal" style="line-height: 150%; margin-left: 180.0pt; text-indent: 36.0pt;">
<br /></div>
<div class="MsoNormal" style="line-height: 150%; margin-left: 180.0pt; text-indent: 36.0pt;">
<b><span lang="EN-US"># # #<o:p></o:p></span></b></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">Caterpillar Forest Products is a leading manufacturer and worldwide
marketer of timber harvesting, millyard, road-building and land management
equipment. Products are marketed under the Cat, Prentice and CTR brand names
through a global independent dealer network. The company operates plants in the
Americas, Asia and Europe.<o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: 150%; text-indent: 36.0pt;">
<span lang="EN-US">Caterpillar Forest Products is a division of Caterpillar Inc., the
world's leading manufacturer of construction and mining equipment, diesel and
natural gas engines, industrial gas turbines and diesel-electric locomotives.
The company also is a leading services provider through Caterpillar Financial
Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services
and Progress Rail Services. More information is available at www.caterpillar.com.</span><span lang="EN-US" style="font-family: "Arial","sans-serif"; font-size: 6.5pt; line-height: 150%;"><o:p></o:p></span></div>

Cat® HF201B Felling Head More Durable and Productive

Caterpillar Forest Products is introducing the new Cat® HF201B felling head with enhancements to improve performance and durability. Ava...

+ Read more »