Terex to build cranes in India – Terex Cranes is to begin manufacturing cranes at its plant in Hosur, India from next year. The company says that it will produce Franna pick & Carry cranes alongside some Terex Rough Terrain and tower crane models.
The facility, located to the south of Bangalore, in south central India, was opened in December 2009 and currently manufactures Powerscreen and Terex Finlay crushers and screens along with MPS Semi-Static Plants. It employs 600 staff including a Research & Development unit staffed by 150 engineers. It is located on a 45 acre plot with around 60,000 square metres under cover. It is well equipped with machining and fabrication shops and large assembly halls with modern heavy overhead craneage.
India is one of the largest mobile crane markets in the world, with as many as 12,000 units sold in the region, while most are simple and quite basic articulated tractor cranes – essentially very crude versions of Franna’s articulated pick & carry cranes – there is also a growing market for tower cranes as well as crawler cranes.
A statement from Terex said: “This investment not only provides unfiltered access to the crane market in India, but it will also allow Terex to play a key role in the infrastructure development within the country. With a strong focus on safety, innovation and digital technology, Terex will utilise its global engineering experience to make a positive contribution to the crane industry in India.“
Danny Black, general manager of Franna Cranes said: “This is an exciting investment for Terex as we continue to promote and grow the Franna brand globally” said. “We have already had very good experience in the Indian market. Now we have the ability to directly bring our market leading Franna technology with local homologation to improve safety and performance for the Indian market. This expansion will allow us to support our growth plans without causing any disruption to our production capacity in Australia and will allow us to be a valued competitor in India. Given our proven manufacturing capabilities with the success of other Terex brands in India, we are confident this decision will provide a positive outcome for Franna.”
Marco Gentilini, vice president of Terex Cranes added: “It is a thrilling opportunity for Terex Cranes to build on the experience and knowledge of the team at Hosur. We have been monitoring the market and believe it is time to start a new journey that will give us a boost in the important Indian domestic market but also reinforce our presence in the region”.