In a statement, the company said that Kato would use the resources to improve its own performance in a more difficult business environment. It said that Kato Seisakusho had a 99.48% stakeholding in the business.
Kato dissolves Euro Rigo joint venture
Japanese crane manufacturer Kato has dissolved its 2007 joint venture with Italian mobile crane maker Autogru Rigo, blaming the effect of the subprime lending crisis's impact on the European market.
