| Takeuchi Celebrates Production of First Track Loaders at New SC Facility - 11/15/2022 Moore, SC (Sept. 22, 2022): The first compact track loaders have rolled off the assembly line at Takeuchi's new manufacturing facility in Moore, South Carolina. This facility, Takeuchi's first production facility in North America, will eventually produce nearly all the company's compact track loaders, allowing Takeuchi to reduce compact track loader production lead time for its North American customers and better meet market needs worldwide. The North American market has demonstrated the greatest demand for Takeuchi compact track loaders over time, and that demand continues to grow," said Jeff Stewart, president of Takeuchi-US. "Manufacturing these popular machines here is a sound business decision because it eliminates the need to ship them from an overseas facility to supply our North American dealers and customers. However, Takeuchi's global markets are also expanding, and we expect to export more compact track loaders from our new facility as production levels increase." Takeuchi has historically produced compact track loaders at one of their factories in the Nagano province of Japan. After most compact track loader production has moved from Japan to the South Carolina facility, Takeuchi will retool that facility to produce compact excavators. "All in all, our new production facility will help us continue growing our compact track loader business by reducing lead times and helping us get the right units to market faster," Stewart said. "It will also allow us to increase our compact excavator business by allowing our facility in Japan to focus on producing these very popular machines." Forty people currently work at the new 156,000-square-foot production facility and standalone office building, with plans for additional staff to come on board as Takeuchi ramps up track loader production over the next few months. Ultimately, the facility will employ around 150 people, generating even more job opportunities and infusing money into the local economy. "Opening this new manufacturing facility required great teamwork and cooperation between Takeuchi's employees in the U.S. and Japan," said Toshiya Takeuchi, president of Takeuchi. "It is truly an investment in our future. We're very proud and excited to see the first compact track loaders come off the assembly line in South Carolina, and we look forward to the benefits this new venture will bring to our stakeholders worldwide." About Takeuchi: Takeuchi is an ISO 9001 certified manufacturer of an extensive line of compact track loaders and compact excavators. Founded in 1963, Takeuchi was the first company to introduce the compact excavator to North America, setting the stage for one of the highest growth product segments ever introduced in the compact equipment market. The compact excavator has become a main line product for both rental and construction/utility companies. Takeuchi continued to lead the compact construction industry with the introduction of the first compact track loader to North America. 
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