The company invested $12m in the 10,000 sq m factory, which will allow the company to deliver a single-girder 10t capacity crane in four weeks instead of three months, according to a Mr. Xue quoted by Shanghai Daily newspaper. The factory assembles cranes from assembled components
A company celebration on 28 June featured Demag CEO Harald Joos, the managing director of Demag Shanghai tk Dorn, local dignitaries and Roger Carr, the president of Demag’s owner, venture capital firm KKR.
Asia sales in 2003/4 were Euro 49m.
Demag also has a factory near Beijing assembling the PK chain hoist from imported components. It operates sales offices near Shanghai, in Beijing, in the southern city of Guangzhou and in the western city of Chongqing. Demag started operations in China in 1994.
