Kato Works Co., Ltd. and Action Construction Equipment Limited (ACE) will establish a joint venture in Haryana, India, with a total capital of INR 2.0 billion to manufacture heavy cranes for domestic and international markets. The new entity, to be named ACE KATO Pvt. Ltd., is scheduled to commence operations in April 2026 following the execution of investment and shareholders’ agreements in March 2026.
Kato Works will invest INR 1.0 billion in the joint venture and hold a 50 percent ownership stake. The company said the venture will produce truck cranes, crawler cranes and rough terrain cranes, combining Kato Works’ technology and engineering capabilities with ACE’s manufacturing base and market presence in India.
Kato Works stated that the investment aligns with its three-year mid-term management plan beginning in the fiscal year ending 31 March 2026, under which it has identified “Strategy for growth with effective investment” as a key policy. The company said it is implementing initiatives to gradually expand its overseas sales ratio and views India as an opportunity to address demand for construction machinery. It added that it plans to transfer proprietary technologies to the joint venture to enhance product competitiveness in performance and cost, and to expand into markets such as Asia and the Middle East.
The company said the impact of the investment on its consolidated financial results is expected to be minor at present and that any material impact will be disclosed promptly.
Action Construction Equipment Limited said its board approved the formation of the joint venture in India as part of its medium- to long-term growth and international collaboration strategy.
Action Construction Equipment Limited, established on 13 January 1995 and headquartered in Palwal, Haryana, manufactures and sells cranes, construction equipment and agricultural machinery. For the fiscal year ended 31 March 2025, the company reported net sales of INR 34,274 million and has a capital of INR 227 million. It is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Kato Works Co., Ltd., based in Japan, designs and manufactures mobile cranes, excavators and related construction machinery and has operations in international markets.
