Sumitomo

Syncron, a provider of cloud-based after-sales service solutions focused on empowering the world's leading manufacturers to maximize product uptime and deliver exceptional customer experiences, announced Sumitomo Construction Machinery has selected Syncron Price to optimize its global service parts pricing.

VeriTread, The Heavy-Haul Marketplace, recently announced its partnership with Sumitomo Corporation of Americas (“SCOA”). SCOA together with Sumitomo Corporation plan to underwrite a $2.5 million third-party allocation of new units for an undisclosed ownership stake of VeriTread.

Chuck Martz, chairman, CEO and president of Link-Belt Construction Equipment Company, Lexington, Ky., has been named vice president, Sumitomo Heavy Industries Ltd. (SHI), Tokyo, Japan. The appointment, made by SHI executive management in Japan, was effective April 1.

Hitachi Construction Machinery Co. and Sumitomo Heavy Industries Ltd. will integrate their crawler-crane operations into a 50-50 joint venture to be set up in July, the two companies said Monday, April 22. The move reflects continued weak demand in the wake of a cut in public works spending by the government. The new venture will become Japan ’s largest crawler-crane manufacturer, commanding nearly 50 percent of the domestic market. The two companies will combine all their crawler-crane operations, including sales, production and development operations into the new venture, which will be capitalized at Y1 billion and aim for annual sales of Y200 billion.