Search Results: 'Cranes Asia'

GKN OffHighway expands in China
01 December, 2006
One of the world’s largest suppliers of wheels, axles and driveline and attachment systems to the construction and agricultural sectors has announced a further step in its expansion in China with the £9 million ($18m) acquisition of one of the leading manufacturers of wheels for the off highway industry.

Kobelco launches 550t crawler
27 November, 2006
Kobelco is testing a 550t capacity crawler for a planned launch at the beginning of 2007. “Our concept is to do a complete 600,000kW power plant job, windmills, petro-chemical plants and oil refineries,” Fujiki Daisuke, product planning and marketing manager, told Cranes Today at Shanghai’s Bauma China show.

Six-axle Grove drives 3,350 miles for single job
27 November, 2006
A team of three crane operators drove a six-axle Grove 6620L 5,400km (3,350 mi) from Beijing, Hebei province, to Lhasa, Tibet, both in China, in only six days.

Manitowoc Crane Care expands in Asia
17 November, 2006
Manitowoc Crane CARE, the customer support brand of Manitowoc Crane Group, has expanded in the Asia-Pacific region. A series of key personnel have joined the operation, while two new dedicated service facilities have opened.

Tat Hong posts rise
16 November, 2006
Singapore-based crawler crane rental giant Tat Hong has announced a marginal improvement in its earnings for the second quarter of its 2007 fiscal year. Although crane rental and spare parts divisions performed well, general rental performed “below expectations,” according to the company. Profit rose to S$9.3m ($6.2m) on a slightly declining revenue of S$105.1m ($70m).

Sanghvi brother sells stake to private equity
24 July, 2006
Anil Kumar Sanghvi has departed from India’s Sanghvi Movers Limited (SML) and sold his 23% stake of the business to three private equity firms for INR1.32bn ($28m). He was formerly joint managing director, with his brother Chandrakant, of one of India’s largest crane hire companies with more than 160 cranes.

Palfinger profits continue to rise
23 May, 2006
Truck-mounted knuckle boom crane manufacturer Palfinger announced that revenue rose by 15.1% to Eur 140.1m in the quarter to 31 March compared to the same period the previous year, and earnings before interest and tax (EBIT) increased to Eur 17.5m - up from Eur 17.1m - equivalent to an EBIT margin of 12.5%.

Terex acquires Changjiang Crane, China
08 May, 2006
Terex Corporation has acquired a 50% interest in Chinese truck crane manufacturer Sichuan Changjiang Engineering Crane Co., Ltd., based in Luzhou, Sichuan Province, China for an undisclosed sum.

Zoomlion to attack overseas markets
03 May, 2006
Chinese truck crane manufacturer Zoomlion has revealed ambitious plans to increase its exports of its hydraulic cranes from the current 10% of production to 40% by 2010.

Crane division helps Palfinger raise profits
10 March, 2006
Loader crane manufacturer Palfinger experienced growth in all areas in the 2005 financial year, the company has reported.