Hitachi Construction Machinery (HCM) says it is increasing its spending on research and development. The firm says that this reflects the growing importance of innovation in the construction industry.
As a leading construction equipment manufacturer, HCM says it is constantly improving and updating its product offering to meet the evolving needs of customers. However, the growing demands for digitalisation and decarbonisation, among other industry trends, are driving the need for greater innovation and more rapid technological advancements. Electric machines and alternative power sources will be part of the development process.
In light of this, HCM increased its R&D spend, in terms of the share of its total sales in 2024, to 2.7%. This equates to $258.6 million and represents an increase in share compared to 2.2% in 2023.
HCM established the LANDCROS concept in 2024, focusing on its future direction and responding to the significant changes occurring within the construction industry. The company says that this indicates its aim to become a true solutions provider, and its desire to deliver innovative products and services. HCM considers the transition from ownership to usage and increasing environmental awareness within the sector. It also recognises the need for high-quality, high-performance machinery, as well as solutions for optimised operation throughout a machine’s life cycle.
“LANDCROS One is more than just a machine,” said HCME President and CEO Francesco Quaranta. “It’s our commitment to deliver solutions beyond machinery in a new construction ecosystem. We’re proud to lead the new wave of innovation, empowering the next-generation workforce and redefining possibilities in the construction machinery industry.”
