Komatsu Ltd., the world's second-largest construction equipment maker, plans to double production this financial year to meet demand from China and Indonesia.
About 85,000 building and mining machines will probably be manufactured in the year ending March 31, compared with 44,000 a year earlier, Executive Officer Masahiro Uegaki said in an interview at the company's Tokyo headquarters. That's 60 percent higher than its outlook released in April.
Komatsu raised its first-half profit forecast 41 percent this month, citing demand in Asia and a faster than expected recovery in the U.S. China, the company's largest market, where it's competing with rivals, including Caterpillar Inc., expanded 10.3 percent in the second quarter.