Sany, Palfinger JV to Build Crane Plant in China

March 1, 2012

Sany will invest $143 million in a joint venture with Palfinger that will result in a new factory capable of building up to 10,000 mobile cranes a year, according to a report in Cranes Today.

Palfinger will distribute Sany cranes, boosting that company's global footprint, according to Bloomberg.

The companies expect the venture, SanyPalfinger SPV Equipment Co., to be fully operational by 2013.