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Business

Hitachi Construction Machinery using data to strike it rich

Keeping tabs on miners' activities offers opportunity in spare parts

Hitachi Construction Machinery expanding its parts replacement services to ensure stable revenues.

TOKYO -- On the heels of two foreign acquisitions, Hitachi Construction Machinery is tweaking its strategy to boost revenue from its mining equipment business.

Hitachi Construction Machinery is looking to its vast pile of operational data on its mining equipment customer records on replacement parts to plump up its profit. By devoting more attention to replacement parts, the Hitachi unit hopes to expand sales, optimize production, cut inventory and generate a steady stream of cash.

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