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Home arrow Business News arrow Palfinger's Chennai facility to commence operations in December
Palfinger's Chennai facility to commence operations in December Print E-mail
Written by Krishna Kumar   
Tuesday, 23 November 2010
Chennai: Palfinger AG, Austria, a manufacturer of hydraulic lifting, loading and handling systems, will commence operations in its Chennai facility in December. The facility, set up at an investment of Rs.8 crores, will assemble 200 cranes a year for both the domestic and the international markets.

The company has developed the stiff boom crane for the Indian market and according to Subhamoy Ghosh, Managing Director, Palfinger India Pvt Ltd,major components for the crane will be sourced from local suppliers and the import content would be minimal.

Palfinger India Pvt Ltd,a 100 per cent subsidiary of Palfinger AG, signed a dealership network agreement for South India with T V Sundaram Iyengar & Sons Ltd.

T V Sundaram Iyengar & Sons will offer the 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. The company also plans to export cranes to Thailand, China, Indonesia, Vietnam, Africa and the Middle East.

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