Tadano and Escorts form JV to manufacture cranes in India

Japanese crane manufacturer Tadano and Indian equipment manufacturer Escorts agreed to establish a joint venture in Faridabad, India, to manufacture Rough Terrain and truck cranes (20-80 tonnes). Tadano will own 51%, Escorts 49%, with initial capital of 600 million rupees ($8.6 million). Production is expected to start in Q3 of the financial year.

“The new joint venture with Tadano is a step towards catering to market demand for smarter, safer and bigger mechanised infrastructure solutions in the higher tonnage category.”vertikal.net

• 1 source
• vertikal.netTadano and Escorts agree JV | Vertikal.netAug 28, 2018

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