16.09.2010

Kobelco in China move

Kobelco Cranes has announced a joint venture in China to manufacture crawler cranes.

Chengdu Kobelco Cranes Co. will be established in October with a ¥2 billion ( $23.3 million) of capital, with Kobelco owning 51 percent of the equity and local partner Sichuan Chengdu Chenggong Construction Machinery Co. holding the balance.

The joint venture will build a new 6,900 square metre plant on a 133,000 square metre site in Sichuan Province. Production at the new facility is planned to start in August 2012. The new venture follows the recently announced $12.7 million crane production facility in Sri City Special Economic Zone in India.

The facility is expected to build models up to 250 tonnes capacity with annual production ramping up to 80 units a year within five years. Kobelco claims a 17.4 percent share of the world wide crawler crane market.
Please register to see all images

A Kobelco CKE 1100