Tetsuji Ohashi, President and CEO, Komatsu Ltd held the opening ceremony of a new factory for hydraulic excavators at Komatsu India Pvt. Ltd. (KIPL) in Chennai, India on May 8. Komatsu used to produce hydraulic excavators at L&T-Komatsu Limited (LTK), a joint-venture company with Larsen & Tourbro Limited (L&T), a leading general contractor of India. In April 2013, Komatsu sold its equity in LTK to L&T, proactively dissolving the joint-venture agreement. Since FY2013, Komatsu has been responsible for the development and production of Komatsu products made in India, while L&T has handled sales and service of those products in terms of the separation of operations. Practically, however, both parties agreed that Komatsu would consign the production of Komatsu hydraulic excavators to L&T for the time being and steadily consolidate their production at Komatsu.

In addition to its factory for dump trucks, Komatsu has recently built a new factory for hydraulic excavators at KIPL, an overseas subsidiary of Komatsu.