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Action Construction Equipment Limited (ACE India) and KATO Works Co., Ltd. (Japan) announced a 50:50 joint venture, ACE KATO Pvt. Ltd., to manufacture high-capacity cranes in India. The JV will invest approximately ₹200 crore in an 11-acre manufacturing facility in Haryana.
“The partnership brings together KATO’s globally recognised expertise in crane engineering, design and technology with ACE’s manufacturing excellence, operational agility, integrated supply chain, established supplier ecosystem and extensive nationwide sales and after-sales service network.”themanufacturingworld.com
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