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![]() ![]() The Japan Construction Equipment Manufacturers Association has weathered a number of major changes in the economic environment and grown steadily over the years since its founding in 1990. All this is thanks to continuous efforts of its member companies. The construction equipment market worldwide drastically but temporarily shrank in the onset of the so-called Lehman Shock three years ago. However, the market has upturned and is again headed for growth, fueled by the recovery of infrastructure investment and resource development in emerging economies in Asia, centering on China and in Latin America. We are projecting that our market will continue to expand driven by these countries, even though there will be some adjustment phases. On March 11, the Great East Japan Earthquake and subsequent tsunami brought about extensive devastation, mainly in the Tohoku and northern Kanto regions. Let us extend our sincere condolences to the people who have been adversely affected. We are assuming that the reconstruction of the disaster-stricken regions will require many years to come. Our member companies are continuing their efforts to produce construction equipment which is indispensable for that reconstruction, deliver them to those regions promptly, and provide maintenance and repair services to keep machines working at jobsites. While market conditions are different around the world, drawing a spotty picture with vibrant and weak colors, Japanese technology in the construction equipment field is ranked as the world's top level. I would like to ask all member companies of the Association to further refine their technologies from the perspectives of environmental protection, safety, etc., thereby sharing growth with the global community. The Association's founding ideals of "contributing to society through harmony and development" and "coexistence and competition" remain unchanged; however, the Association devised new management paradigms last year based on the fact that social and economic conditions have changed dynamically. 1) Social contribution as a good corporate citizen 2) Mutual prosperity with stakeholders 3) Promotion of fair and transparent competition and appropriate business transactions 4) Promotion of a globalization drive as a member of the global community 5) Commitment to safety and peace of mind and management's emphasis on people at the center 6) Promotion of environmental protection as well as energy and resource savings 7) Development of new products and business domains All member companies of the Association will continue to compete based on these paradigms, as they work to understand and respect one another as members. The Association is therefore committed to contributing to not only the further growth of our industry, but also the realization of a better future for society. |
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