Komatsu machinery parts

Komatsu machinery parts

TOKYO (AFP): Japan's Komatsu Ltd. and Katsushiro Matex KK will form a joint venture in Indonesia this month to produce and market construction machinery parts, a Japanese spokesman said Tuesday.

P.T. Katsushiro Indonesia, capitalized at US$7.4 million and the Japanese markets, the spokesman said.

The venture will be owned 45 percent by Katsushiro, 30 percent by Komatsu Indonesia, a local unit of the Japanese construction machinery maker, 15 percent by Nittetsu Shoji Co. and the remaining 10 percent by Mitsubishi Corp.

Monthly production is estimated at 3,000 tons.