Demand for Construction Equipment to Increase 2 Percent

According to estimates by the Japan Construction Equipment Manufacturers Association, an organization of companies including makers of hydraulic excavators, construction cranes and tractors, the 2016 demand for shipments of construction equipment is projected to rise to 2.16 trillion yen (approximately $18 billion), an increase of 2 percent over the previous year. The Japanese domestic portion of this figure is 853.6…