HIMOINSA announces its new subsidiary in Australia
As part of HIMOINSA's global expansion, the strategic alliance allows combined experience, resources and diversity to strengthen the company's competitive advantages, and to encourage its growth in the Australian market.
HIMOINSA announces its 13th global subsidiary after the alliance with an Australian company – Generator Power. Representatives from Yanmar and HIMOINSA, distributors, customers, end-users, have joined this celebration in Sydney.
Australia is one of the leading genset markets in Asia-Pacific, driven by the mining industry, growing hospitality and service sectors. Although the mining industry was relatively down in the past years, there has been a recovery in international prices especially iron ore, which has triggered an upturn and would spur the genset market. According to research, the diesel genset market in Australia is projected to touch $765.4 million by 2022.
Francisco Gracia, Executive Director of HIMOINSA, is confident that the new HIMOINSA project in Australia “is the best bet to strengthen our positioning in Asia and Oceania”.
HIMOINSA aims for constant product development and innovation to align with business development goals in each region. New products powered by Yanmar engines are unveiled:
Tetsuya Yamamoto, Managing Director of Yanmar Co. Ltd., and Chairman of Yanmar Energy System (YES) states: “Australia values more sophisticated engineering and service capabilities. HIMOINSA / YANMAR can help GP strengthen its product line-up, engineering capability to increase its presence in large projects, and to expand into other geographical areas.'
With locations in Sydney, Brisbane, and more in the pipeline, HIMOINSA's 13th subsidiary Generator Power is always ready to deliver most prompt service from gensets sale and hire, design and construct, all the way to installation and after-sales service to evolve together with the Australian market.