Word: komatsu
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...strong dollar has helped Komatsu, Caterpillar's powerful | Japanese competitor, to gain ground. Because of lower labor costs and a cheap yen, Komatsu is selling similar machinery for up to 30% less than Caterpillar in places such as Latin America and Africa...
Says Paine Webber Analyst Eli Lustgarten: "Outside the United States, it's a major war." In the U.S., Komatsu has gained 5% of the market; it aims to capture 15% of sales in the next year...
...progression of spaces, the staircase, furniture that doubles as sculpture-that are more palatial than academic but echo traditional Japanese motives. The most unabashedly Japanese of Maki's designs to date, however, are in his 18-bedroom guesthouse for foreign trainees of the YKK zipper-manufacturing concern near Komatsu. Here, shoji, entrance hall, crossbeam and other elements of ancient Japanese architecture are reinterpreted in ways that are at once both strange and familiar...
...fast-growing Komatsu firm can undersell Caterpillar because its total pay averages only about $11 an hour. The low value of the yen also helps keep down the price of its exports. Although Komatsu has so far won less than 7% of the U.S. market, as against some 50% for Caterpillar, it has been gaining rapidly in the Middle East and Southeast Asia...
Caterpillar is coming out of the strike in a relatively strong position. The recession actually helped the firm by checking demand for construction equipment, thus keeping Komatsu and others from walking off with the business. Meanwhile, Caterpillar dealers have slashed their inventories by selling at discounts of up to 30%, and many are now ready to reorder...