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Escorts Ltd and Tadano Group announced a 51:49 joint venture to manufacture rough terrain and truck-mounted cranes in the 20-80 tonnage category at Faridabad, India. Production is expected to commence in Q3 of the 2018-19 financial year.
“The joint venture will strengthen Escorts’ technology leadership and market presence in the material handling equipment space.”oemupdate.com
Summarized from public sources; check the original articles before acting on it.