Business Daily from THE HINDU group of publications
Tuesday, Dec 04, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Dec 04, 2007 ePaper | Mobile/PDA Version |
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Corporate
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New Projects Potain’s Pune facility begins production
Our Bureau Pune, Dec 3 Potain, the crane brand of the US-based Manitowoc family of companies, has begun manufacturing tower cranes in its new Pune facility. Talking to presspersons, Mr R. Badrinarayan, Managing Director, said it would be manufacturing tower cranes with capacities ranging from five tonnes (maximum capacity) and 50-metres maximum jib length to 25 tonnes and 80-metre jib capacity. It may be noted that Potain had begun its operations in Pune in 1982, when it had signed a licensing agreement with Pune-based Shirke Construction Equipment, part of the Shirke Group. The joint venture has so far supplied close to 500 tower cranes for the domestic market. In July 2007, Manitowoc acquired 100 per cent shares of Shirke Potain and named the entity Potain India Pvt Ltd to have a wholly owned manufacturing facility in India. Asked about value of the acquisition, he declined to disclose the figures. Mr Badrinarayan said that the decision to set up its own operations to serve the market better. He said that in addition to the Pune facility, Manitowoc also manufacturers Potain tower cranes in France, Portugal, Italy and China. Mr Badrinarayan said that the company would also be setting up a crane care facility on the premises. He said that the demand would be around 250 to 300 cranes in the domestic market. He said tower cranes has almost 50 per cent market share, while lattice boom crawlers and truck crane, rough terrain constituted the rest. All terrain cranes were are yet to pick up in the domestic market. More Stories on : New Projects | Engineering
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