Demag Cranes Opens New Production Facility in India
Chakan, 12. July 2010
Following a construction phase of just eight months, Demag Cranes inaugurated its new production plant in Chakan, India, together with customers and partners. This marks an expansion of the company’s production capacities on the sub-continent of some 8,000 square metres to cover a total of more than 10,400 square metres with a possible extension of 6,000 square metres. Besides Standard Cranes and crane components, the product range in future will also include the technically more complex Process Cranes which are specifically integrated into the production process to meet the customer’s individual needs. Aloysius Rauen, Chief Executive Officer of Demag Cranes AG emphasises: “The expansion of our production with a clear concentration on the requirements of the Indian market reflects the core element of our strategy to make our customers’ wishes the focus of our activities. This investment of more than EUR eight million also underlines our strategic commitment in the BRIC countries.”
The plant, which is located 30 kilometres from Pune, is designed for a production capacity of up to
600 Standard Cranes and 100 Process Cranes per year. Parts for the KBK crane construction kit are also manufactured at the location – up to 24 kilometres of KBK rails can be produced per year. The spare parts logistics operation has also already been running from Chakan since March; the production of components such as rope-hoist and open-winch crabs as well as KBK has commenced. For components which the company does not manufacture itself, Demag Cranes utilises a network of local suppliers. Thomas H. Hagen, Board Member of Demag Cranes AG and Chief Operating Officer of the Group, commends the teamwork during development of the locally produced Process Crane: “The new crane is the result of extremely productive and innovative teamwork between Indian and German engineers who have worked to meet the particular requirements of the Indian market and its procurement opportunities. This success demonstrates again that we are on the right path with the integration of our Group.”
Demag Cranes Group has been operational in India since 1997. It has more than 600 customers in the country for all three of its business segments – Industrial Cranes, Services and Port Technology.
About Demag Cranes AG
Demag Cranes AG is one of the world’s leading providers of industrial cranes, crane components, harbour cranes and terminal automation technology. Services, in particular maintenance and refurbishment services, are another key element of its business activities. The Group is divided into the business segments Industrial Cranes, Port Technology and Services and has strong and well-established Demag and Gottwald brands. Demag Cranes sees its core competence in the development and construction of technically sophisticated cranes and hoists as well as automated transport and logistics systems in ports and terminals, the provision of services for these products and the manufacture of high-quality components.
As a global supplier, Demag Cranes manufactures in 16 countries on five continents and operates a worldwide sales and service network that is present in over 60 countries through its subsidiaries, representative offices and a joint venture. In financial year 2008/2009, the Group, with its 5,934 employees, generated revenue of EUR 1,047.6 million. Since the end of June 2006, the Demag Cranes share
(WKN: DCAG01) has been listed in the Prime Standard of the German Stock Exchange and is traded on various indices including the MDAX®.
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Conditions for forward-looking statements
This press release contains forward-looking statements relating to the business, financial performance and earnings of Demag Cranes AG and its subsidiaries and associates. Forward-looking statements are based on current plans, estimates, projections and expectations and are therefore subject to risks and uncertainties, most of which are difficult to estimate and which in general are beyond the control of Demag Cranes AG. Consequently, actual developments as well as actual earnings and performance may differ materially from those which are explicitly or implicitly assumed in the forward-looking statements. Demag Cranes AG does not intend or accept any obligation to publish updates of these forward-looking statements.