HITACHI Construction Machinery (HCM) has revealed an increase in spend on research and development.
The manufacturer revealed the growing demands for digitalisation and decarbonisation, among other industry trends, are driving the need for ‘greater innovation and more rapid technological advancements’.
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 219.6 million euros and is said to represent an increase in share compared to 2.2% in 2023, returning to the level of 2.5% it spent in 2021.
HCM established the LANDCROS concept in 2024, focusing on its future direction and responding to the changes occurring within the construction industry. Developed in collaboration with Granstudio, the machine is said to embody the Hitachi vision for a ‘smarter, safer and more sustainable future’ in construction.
“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.”
