Hitachi Construction sees profit doubling over 4 years


TOKYO - Hitachi Construction Machinery Co Ltd is targeting 70 percent growth in sales and a doubling in profit over four years as demand for earth-moving equipment booms in China, India and Russia, its CEO said. Like bigger rival Komatsu Ltd and industry leader Caterpillar Inc, Japan's second-largest maker of construction machinery is gearing up for what it sees as long-term growth for many emerging economies. Full Story - Synergen Consulting International