Indian Construction Giant ACE Eyes Crane Market with Potential Japanese JV

Action Construction Equipment (ACE), a prominent Indian construction equipment manufacturer, is in discussions with Japanese crane maker KATO WORKS CO. to establish a joint venture (JV) based in India. This news comes as the Indian construction sector experiences significant growth.

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The proposed JV aims to capitalize on this growth by manufacturing medium and large-sized cranes, including truck cranes, crawler cranes, and rough terrain cranes. These cranes cater to the specific needs of India’s infrastructure and building projects.

According to a statement released by ACE, the JV also has plans to leverage the technological expertise gained through the partnership. This will involve developing “value-added products” for export to other countries from India. This could position India as a potential crane manufacturing hub in the future.

The news has been met with positivity, with both ACE and KATO expressing confidence in the venture’s potential. ACE views the JV as a key pillar in their mid to long-term growth strategy.

While a formal contract is yet to be signed, both companies are working towards finalizing the terms of the agreement.This potential collaboration between a well-established Indian player and a global Japanese manufacturer has the potential to significantly impact the Indian crane market.

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