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Manitowoc forms a joint venture with Chinese company for the production of mobile and truck-mounted hydraulic cranes
(25/03/2008)

China is the world's largest market for mobile hydraulic cranes, accounting for more than 70% of all mobile hydraulic units produced in 2006. Tower cranes and mobile hydraulic cranes are in very high demand in China, with the domestic construction market expected to grow at compounded annual nominal growth rate of 18.1% through 2016, according to Global Insight, with infrastructure segment spending expected to grow 26% in 2008. The Manitowoc C... [more]

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