In somewhat surprising news, Komatsu Ltd., the world’s second biggest maker of construction and mining equipment, said sales in China are falling more steeply than anticipated, joining larger peer Caterpillar Inc. in flagging fraying Asian demand.
Yes, the Asian demand was all the talk within the construction industry over the past 24 months, but just like any industry things can change in an instant.
Komatsu, Caterpillar and other companies within the construction industry are discovering the slowing in demand.
But regardless of short-term fluctuations in demand, miners still will need more equipment to dig up the mineral resources that will support global growth in population and urbanization, and the need for more roads, schools, hospitals and other infrastructure in emerging economies.
And when it comes to getting the best used heavy equipment that’s needed, EHE is a proven used heavy equipment wholesaler that empowers buyers and sellers of used heavy equipment with exactly what they need to get the job done.
Komatsu cited delays to the start of some construction projects as a part of reason for the unexpected slowing in demand, in addition to the fact that the bottom for mining machinery demand could be nearing.
As a seller of equipment to both mining and construction companies, Komatsu is particularly vulnerable to fading growth in China, the world’s second-biggest economy and its biggest buyer of raw materials.
In order to make up for the loss, it wouldn’t be too much of a surprise to see their equipment prices increase, which if you’re looking to buy equipment, probably will not provide you with the best deal possible.
That’s where EHE comes in!
When it comes to getting a great deal on used heavy equipment, EHE is the most competitive wholesaler of used heavy construction equipment, meaning we offer “true” wholesale pricing on all of our heavy equipment.
For more information contact us at service@experthe.com.
