Denzai expands into US territory
16 October 2023
Japanese crane and transport specialist Denzai KK has set up a company in the US territory of Guam, an island in the south Pacific.
Denzai America, Inc. is in Tamuning, Guam. It was established on 18 September by its Tokyo-headquartered parent company.
A total of 14 cranes have been brought from Denzai in Japan and Singapore. All are working to help construct the Ukudu combined cycle power station in Guam. Contract value is JPY1.1 billion (US$7.3 million).
Kohki Uemura, Denzai KK CEO, made the announcement. “The relocation of the US military base is progressing in the region, and in addition to base expansion project, infrastructure development is expected to continue in the future. The expansion of the US military base in Guam is a project that will also contribute to the security of our country, and with the establishment of Denzai America, Inc., the Denzai Group hopes to make a further contribution.”
Strong growth plan
Denzai annual sales are forecast to reach a record JPY21.5 billion ($144 million) at the end of the financial year in March 2024. Profit after tax is expected to be JPY 1.8 billion ($12 million). The company has 1,089 employees. Establishment of companies in the USA and Saudi Arabia raised the expectation to exceed 1,100 by the end of 2023.
Kohki Uemura was a speaker at the World Crane and Transport Summit in Singapore on 4 and 5 October where he made an impassioned speech about expanding a business and taking it overseas. Summit attendees enjoyed a tour of Denzai KK’s recently opened global headquarters in Singapore.