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Sumitomo Heavy Industries (SHI) acquired the remaining 34% of shares in Sumitomo Heavy Industries Construction Cranes (HSC) from Hitachi Construction Machinery, making HSC a wholly owned subsidiary. The acquisition was effective December 31, 2022.
Link-Belt Cranes completed a $9-million warehouse expansion at its parts distribution center in Lexington, Kentucky, adding 60,000 sq.-ft. of space, bringing total parts space to 132,000 sq.-ft.
Link-Belt Cranes was awarded a maximum $121,890,993 fixed-price contract by the Defense Logistics Agency for commercial construction equipment. The five-year contract has no option periods and performance location is Kentucky.
| Site | Largest | Latest |
|---|---|---|
| Lexington, United States | $9.00M | 2022-01-05 |