Joint Venture (50:50) company ‘ACE KATO’ to manufacture Truck Cranes, Crawler Cranes, and Rough Terrain Cranes.
ACE (Action Construction Equipment Ltd.), the world’s largest Pick-and-Carry crane manufacturer and India’s leading material handling and construction equipment company, has entered into a strategic joint venture with Kato Works Co., Ltd., Japan, a globally recognised material handling and construction equipment company with decades of experience in design, development and manufacturing of Mobile Cranes, Excavators, and related Construction Machinery. The JV – ‘ACE KATO Pvt. Ltd.’ – will bring together the global technology, design, and engineering expertise of Kato Works Co., Ltd. with Action Construction Equipment Limited’s strong manufacturing base, extensive market reach, and operational capabilities in India.
The joint venture will involve a total
investment of approximately INR200-crore, with an equal 50:50 partnership.
The manufacturing facility will be established in Haryana, with operations
expected to commence in 2026.
Under this partnership, the joint venture will focus
on the manufacturing of high capacity and heavy cranes, including Truck cranes,
Crawler cranes, and Rough Terrain cranes, serving the Indian market as
well as international markets.
Commenting on the development, Sorab Agarwal,
Executive Director, Action Construction Equipment Limited, said, “India is
witnessing an unprecedented phase of infrastructure and industrial growth,
which is significantly increasing the demand for advanced construction
equipment. Our partnership with Kato Works marks an important milestone in
bringing globally benchmarked crane technology to India while strengthening
domestic manufacturing capabilities.”
“ACE has consistently focused on developing
world-class equipment in India. Today, our products are exported to more than
42+ countries. Through this collaboration, we aim to further expand our
presence in the high-capacity crane segment while positioning India as a
strategic manufacturing hub for advanced lifting equipment,” he added.
Beyond meeting domestic demand, the joint venture
aims to explore export opportunities across Asia, the Middle East, Africa
and other international markets.
“Through this collaboration, we aim to further expand our presence in the high-capacity crane segment while positioning India as a strategic manufacturing hub for advanced lifting equipment.”
- Sorab Agarwal,
Executive Director,
Action Construction Equipment Limited.