Hitachi Construction Machinery (Europe) NV responds to impacts of inflation

Following the recent announcements of the latest inflation figures for Europe (6.15) and the UK (8.7%), Hitachi Construction Machinery (Europe) NV acknowledges the impacts of rising prices on both its customers and dealer network.

Several factors have caused prices to rise so quickly in the UK and Europe in recent months, such as global supply chains not yet fully recovered from production issues, and workforce problems brought about by the pandemic. Rising energy costs have worsened supply issues, particularly in the transport sector.

Considering these developments, HCME has been looking at ways to lighten the impact of rising costs on both dealers and customers. Nevertheless, some mild price increases have been unavoidable, and the manufacturer has recently decided to increase rates in its rent-to-rent programme, HCM Premium Rental, for the 4^th quarter of this years, due to the increasing interest rates.

HCME President Takaharu Ikeda says: “We understand that this is a challenging time for our dealers and customers, but we are working hard to add value to their investments in Hitachi Construction Machinery, and are committed to being their first-choice solution provider. Additionally, one of the ways we can support our customers is through our  finance and lease solutions, which are designed to meet their needs.”

Zaxis Finance was announced earlier this year and is supported by BNP Paribas Lease Group SA, which has extensive knowledge and experience of working within the construction industry.

“Together, we share the same strong customer focus and service values, and we can offer customers innovative finance solutions to help support and grow their businesses, even in challenging times,” says Mr Ikeda.