Crane Market - New Crane Introduced by Manitowoc in China

Source: Manitowoc Cranes

China never ceases to impress: the latest luffing jib crane produced at Manitowoc's Zhangjiagang plant is believed to be one of the most flexible and versatile cranes in the world. This MCR 160 crane has a ten tonne capacity and up to 50 meters of main jib, with a capacity of 2.4 tonnes at the end of the jib. It is the second crane of this type assembled at this China-based facility, along with MCR 225 A.

According to Kwong-Joon Leong, regional product manager for Manitowoc tower cranes, the new crane has the advantage of excellent fit and flexibility. It can be mounted on narrow 1.6 and 2 m wide mast sections, which makes this crane highly versatile and fit for a greater number of projects.

Manitowoc is an international company headquartered in the U.S. that focuses on food service products and construction. With the establishment of a manufacturing facility in Zhangjiagang, China, the Asia-Pacific region has begun playing a crucial role for the company. Contractors and rental companies of this region are expected to maintain their interest in more efficient cranes, such as the MCR 160. A complete restructuring of the sales and service network in this region has seen the opening of dozens of new offices, putting the company in a stronger position.

Since China dominates on the crane market, the choice of a location for Manitowoc's large crane manufacturing facility was a quite obvious one. In 2014, China exported 18,956 units of cranes totaling 3,581 million USD, 5% under the previous year. Its primary trading partner was Singapore, where it supplied 8% of its total crane exports in value terms, accounting for 35% of Singapore's total imports.

From 2007 to 2014, China was a net exporter of derricks, cranes, mobile lifting frames and straddle carriers. Over this period, exports consistently exceeded imports in value terms. In physical terms this difference was even more pronounced.

Germany and Japan were among the other main global suppliers of derricks, cranes, mobile lifting frames and straddle carriers in 2014. However, the fastest growing exporter from 2007 to 2014 was Ireland (+24% per year). Despite this, it was China that significantly strengthened its position in the global export structure.

China's top 5 trading partners in 2014 were Singapore, the United Arab Emirates, the U.S., Malaysia and Indonesia, with a combined 31% share of China's exports of derricks, cranes, mobile lifting frames and straddle carriers. The share of Malaysia increased modestly (+5 percentage points), while the share of the United Arab Emirates illustrated negative dynamics (-3 percentage points).

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Source: IndexBox AI Platform