Four of Japan’s largest construction equipment rental companies have teamed up with Mitsubishi Corp. to establish a joint venture company, Diamond Construction Machinery Corp., to sell hydraulic excavators in the international used equipment market. The four companies — AKTIO Corp., Kanamoto Co., Nishio Rent All Co. and Nikken Corp., have formed the venture as a means to sell used Tier 4 machinery that requires low-sulfur diesel fuel that is not widely available in Asia.
Historically, large Japanese rental companies disposed of used machines primarily in the Asian market, but are now looking to develop other wholesale channels. Japanese exhaust gas emission regulations are, essentially, comparable to those of Tier 4 in the United States and Stage IV in Europe.
