Manitowoc Forms Joint Venture with Chinese Crane Company

March 12, 2008 • Manitowoc's crane division has formed a joint venture with the shareholders of TaiAn Dongyue Heavy Machinery Company Ltd., located in TaiAn City, Shandong Province China, 300 miles south of Beijing.

"This transaction solidifies Manitowoc's position in one of the world's fastest-growing construction markets," said Eric Etchart, president of Manitowoc's Crane segment. "By acquiring a joint venture interest in TaiAn Dongyue, Manitowoc furthers its mission of bringing manufacturing and service closer to the customer. With growing demand for infrastructure and industrial expansion, this joint venture is an excellent addition to our manufacturing base and our global reach."

 

TaiAn Dongyue Heavy Machinery, founded in 1970, assembles mobile hydraulic truck cranes. The company has approximately 900 employees.