Manitowoc In China Crane Venture
Manitowoc Cranes and Shantui Investment Co., Ltd., have announced a plan to form a new joint venture to build mobile cranes. Shantui Manitowoc Crane Co., Ltd. will begin operations once all relevant government approvals are received and will manufacture and market cranes for domestic sale in China and for export.
Within China, the cranes produced by the joint venture will be sold through Shantui’s domestic dealer network as well as through Manitowoc’s own dealer network for truck cranes. The joint venture and the combined distribution network will also be the exclusive dealer for imported Grove all-terrain and rough-terrain cranes into China. In addition, the distribution network will provide full Manitowoc Crane Care parts and service support for the products it sells. Manitowoc and Shantui will use their existing distribution networks for sales of cranes from the joint venture to the export market.
"Shantui is one of China’s leading manufacturers of earthmoving equipment and the company is looking to develop its presence in the country’s mobile crane market," said Eric Etchart, president and general manager of Manitowoc Cranes. "Similarly Manitowoc has been developing its own presence in the Chinese truck crane market and we are now ready to move to the next stage of development with a stronger and larger partner.
"This new arrangement will not only create a new leading manufacturer of mobile cranes in China, but it will also boost sales of Grove AT and RT cranes in the country through Shantui’s excellent dealer network."
To begin, the joint venture will produce four truck cranes, the GT8, GT10, GT20 and GT25, with capacities of 8, 10, 20 and 25 tons respectively. Other crane models will follow in due course, the companies said.
In the domestic market, plus export markets managed by Shantui, it is planned that the cranes will be branded Shantui Grove. For export markets managed by Manitowoc, it is planed that the cranes will be branded Grove Shantui. The cranes will be manufactured at Manitowoc’s current joint venture facility in Tai’an.