28.02.2011

Kanamoto and JP Nelson JV

Japanese rental company Kanamoto has formed a joint venture with Singapore rental company JP Nelson Equipment

Kanamoto will own 70 percent of the new venture - Kanamoto & JP Nelson Equipment, with 30 percent held by JP Nelson. Its main focus will be piling and tunnelling equipment. Kanamoto, which is looking to extend its overseas operations, sees this move as a toehold to develop further rental operations in South East Asia, Oceania and India.

The executive board will include three Kanamoto and two JP Nelson executives, with Tetsuo Kanamoto as managing director./ JP Nelson's representatives are Nelson Lim, JPN's managing director and Teo Yew Boom, JPN general manager.
The joint venture will kick off its rental operations in March with annual revenues expected to reach S$3.8 million within two years.

Kanamoto is a leading rental company in Japan and has opened rental operations in Shanghai, China, where it has a joint venture and in Hong Kong.
Established in 1992, JP Nelson sells and rents specialist equipment, including mobile, crawler and spider cranes, along with wide range foundation equipment. It has crane rental operations in the Middle East and also operates on Batam Island, Indonesia.