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History

HCM was established in 1970, when Hitachi, Ltd. spun off its construction machinery division. When it was still part of Hitachi more than 60 years ago, HCM was involved in the production of Japan's first mechanical excavator.

Currently, the 48 companies that comprise the HCM Group are using IT as a strategic management resource to provide total solutions for customers' needs. In this way, HCM continues to grow as a strong, global, competitive enterprise.

1981

Dec

  • Capital increased to 4.7 billion yen by issue of shares at market price; listed in the second section of the Tokyo Stock Exchange
    Formed business tie-up with Tadano Ltd. in the area of track cranes and crawler cranes

1982

Apr

  • Capital increased to 5.17 billion yen through gratuitous issue of new shares

1983

Jul

  • Formed business tie-up with U.S. company Deere & Company for supply of hydraulic excavators

1984

Jan

  • Released UT series of ultrasonic instruments; entered business areas other than construction machinery

Dec

  • Established Hitachi Construction Machinery (Singapore) Pte. Ltd.

1985

May

  • Capital increased to 5.687 billion yen through gratuitous issue of new shares

Oct

  • Capital participation in a construction machinery sales company in France (Fiat-Hitachi Excavators France S.A.) Established Oriental Hitachi Construction Machinery Sdn. Bhd. in Malaysia Established Hitachi Construction Machinery (America) Corp.

1986

Oct

  • Released four models of the new-generation excavator EX series

Nov

  • Established joint venture Fiat-Hitachi Excavators S.p.A. in Italy for local production of hydraulic excavators

1987

Jan

  • Released the EX3500, then the world's largest class of super-size hydraulic excavators

May

  • Released six models in the second "Landy" EX series

1988

Mar

  • First issue of unsecured convertible debentures

May

  • Capital increased to 6.8509 billion yen through gratuitous issue of new shares
    Established joint venture Deere-Hitachi Construction Machinery Corp. in the United States for local production of hydraulic excavators

Jul

  • Moved into the wheel loader field; released six models in the "Landy" LX series

1989

Mar

  • Capital increased to 13.41044 billion yen by issue of shares at market price; listed in the second section of the Tokyo Stock Exchange

May

  • Completed Dejima Plant near Tsuchiura Works as base for mass production of Reduction Gear and other products

Sep

  • Listed in the first section of the Tokyo Stock Exchange

Dec

  • Second issue of unsecured convertible debentures

1990

Jan

  • Listed in the first section of the Osaka Securities Exchange Increased capital investment in Toyosha Co., Ltd.

May

  • Entered bulldozer and road construction machinery fields

Oct

  • Established Siam-Hitachi Construction Machinery Co., Ltd. in Thailand Released four models in the "Super Landy" New EX series

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