# GH Cranes & Components to build new factory in Texas with COFIDES support

GH Cranes & Components will build a new factory in Texas, USA, with a total investment of nearly EUR 13 million. COFIDES granted a joint venture loan of USD 4.7 million, matched by the Basque Finance Institute. The new facility will replace the current Texas factory and expand production capacity.

- Type: New facility
- Announced: 2024-01-25
- Where: Texas, United States
- Value: $14.1M (13.0M EUR)
- Status: announced
- Products: lifting machinery, cranes, components
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [GH Cranes & Components](https://endata.com/companies/75239.md)
- [COFIDES](https://endata.com/companies/6200.md) (investor)

## Sources

- [cofides.es](https://www.cofides.es/en/noticias/notas-de-prensa/gh-cranes-components-strengthens-its-foothold-us-market-backing-cofides), 2024-01-25: "This ambitious investment is proof of GH Cranes & Components' ambitions to grow its business on a global scale."
- [cofides.es](https://www.cofides.es/noticias/notas-de-prensa/gh-cranes-components-se-consolida-estados-unidos-respaldo-cofides), 2024-01-25: "Esta ambiciosa inversión demuestra la decidida apuesta de GH Cranes & Components por la internacionalización de nuestras actividades."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.