Austrian loader crane manufacturer Palfinger has set up an assembling facility near Chennai. The company said the facility would cater to domestic and overseas markets including China.
Speaking to reporters after signing a dealership network agreement for South India with T V Sundaram Iyengar & Sons Ltd here today, Subhamoy Ghosh, managing director, Palfinger India Pvtd Ltd, a 100 per cent subsidary of Palfinger, said that the facility would assemble 200 cranes every year and would cater to both domestic and overseas markets.
The company plans to export to countries like China, Thailand, Vietnam and Indonesia and other countries in the Far East. “We are also looking at countries in Africa and the Middle East,” he said.
The company has invested Rs 8 crore in the facility, he said. Palfinger is one of the leading international manufacturers of hydraulic lifting, loading and handling systems. The company has manufacturing units and assembly sites in Europe, North and South America as well in Asia.
Ghosh said T V Sundaram Iyengar & Sons would commence operations immediately and will offer entire range of Palfinger truck-mounted cranes starting from 0.4 meter-ton to 116 meter-tonne in Tamil Nadu, Andhra Pradesh, Karanatka and Kerala markets.