Escorts to market Japanese, Chinese cranes in India
Escorts on Thursday said its subsidiary Escorts Construction Equipment Ltd (ECEL) has tied-up with Japan's IHI Construction Machinery, for marketing of its crawler cranes in India.
By PTI |
MUMBAI: Escorts on Thursday said its subsidiary Escorts Construction Equipment Ltd (ECEL) has tied-up with Japan's IHI Construction Machinery, for marketing of its crawler cranes in India.
In another significant deal, ECEL has also inked an agreement with China-based Weihai Huata Building Machinery Co to market its range of tower cranes in the country, Escorts said in a communique to the Bombay Stock Exchange (BSE).
Weihai, the largest manufacturers of tower cranes, is a specialised company with leading "Huata" brand tower cranes, it added.
With the marketing agreements in place, ECEL has expanded its wide range of product portfolio which already includes pick-n-carry cranes, slew cranes, loaders, vibratory soil compactors and tandem vibratory rollers.
Escorts Construction Equipment is a dominant player in the material handling, construction equipment and road construction equipment sectors.
Shares of tractor maker Escorts closed at Rs 128.70, up 2.06 per cent on the BSE.
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