On May 11, vice mayor Gao Qing met with Sakane Masahiro, president of JapanKomatsu Corporation at the Traders Fudu Hotel.Komatsu( Changzhou )Construction MachineryCo., Ltd.investedUSD102 million to build a new factory in Changzhou hi-tech zone, which covers a total area of 280,000 square meters. The relocation will be completed in July. And the output of excavators is expected to reach 9,140 sets in this year, involving sales revenue of RMB 9.3 billion.

The sales revenue of KomatsuCorporationreached RMB 112 billion in 2010. In 1995,KomatsuandChangLin( Changzhou )co-invested to set upKomatsu( Changzhou )Construction MachineryCo., Ltd., which specializes in manufacturing and sales of construction machineriesand spare parts.Over the past16 years,Komatsu( Changzhou )Construction MachineryCo., Ltd.has achieved great development and its sales revenuereachedRMB6.4 billionin 2010.

According to reports,the proportion of Chinese market amounted for 25% of the Komatsu��s total sales, far more thanthat in Japanese mainlandand the United States .