December 12, 2019
Kobelco Construction Machinery Co., Ltd.
Kobelco Construction Machinery Co., Ltd. (or KCM), of Tokyo, Japan and Australian Crane & Machinery Pty., Ltd. (or ACM), of Melbourne in Australia have mutually agreed to terminate their dealership agreement covering ³Õºº¾ãÀÖ²¿-branded cranes in the Oceania region as of December 31, 2019. At this time, ³Õºº¾ãÀÖ²¿ is preparing to appoint a new dealer in the Oceania region whom we will introduce in the near future.
In the meantime, until we officially appoint a new dealer, ³Õºº¾ãÀÖ²¿ and ACM will cooperate with each other through the next several weeks to continue to provide ³Õºº¾ãÀÖ²¿ customers with the high level of technical support and parts supply that our end users expect, and to minimize any disruptions for owners of ³Õºº¾ãÀÖ²¿ cranes. From February 1, 2020, we expect to have our new sales and product support dealer on-board and serving ³Õºº¾ãÀÖ²¿ crane users throughout the Oceania region.
Finally, we, ³Õºº¾ãÀÖ²¿ renew our commitment to develop and supply even better products to the marketplace, and provide a product support system that exceeds the expectations of ³Õºº¾ãÀÖ²¿ crane owners in the Oceania region.
We appreciate the kind understanding of our valued ³Õºº¾ãÀÖ²¿ customers during this brief transition period.
*The information contained herein is as of the date this announcement was made and it may be changed without prior notice.
