Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Manitowoc Acquires Indian Manufacturing Partner
Jul 24, 2007
 Printable format
 Email this Article
 Search

The Manitowoc Company, Inc. announced that it has acquired Shirke Construction Equipments Pvt. Ltd. Headquartered in Pune, India. Shirke is a market leader in the Indian tower crane industry and has been Potain’s Indian manufacturing partner and distributor since 1982. Terms of the transaction were not disclosed.

“This transaction solidifies Manitowoc's position in one of the world's fastest-growing construction markets,” said Glen E. Tellock, president and chief executive officer of The Manitowoc Company. “By acquiring Shirke, Manitowoc furthers its mission of bringing manufacturing and service closer to the customer. With growing demand for infrastructure and industrial expansion projects, India is an excellent addition to our manufacturing base.”

Shirke Construction’s manufacturing center is almost 55,000 sq ft and includes a workforce of approximately 350. The Indian construction market is expected to grow at an annual nominal growth rate of 9.9% through 2015, according to Global Insights, with infrastructure segment spending expected to grow 40% this year. 

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: Whirlpool headquarters improvements start a new phase

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 22, 2014: Variable-speed circulation pump enables new Miele lab washers

Dec 22, 2014: The latest retail data breach: Staples

Dec 22, 2014: Consumer Spending Index is at its highest point of the year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows