Joint Venture13 Feb 2026, 09:32 pm
Action Construction Equipment Ltd. Announces Joint Venture with KATO WORKS CO., LTD., Japan
AI Summary
Action Construction Equipment Limited (ACE), a leading construction equipment manufacturer in India, has approved the proposal for a Joint Venture in India with KATO WORKS CO., LTD., Japan. This collaboration aims to enhance product competitiveness, improve performance and cost efficiency, and address new growth opportunities across domestic and international markets. The Joint Venture will focus on manufacturing Heavy Cranes, namely Truck Cranes, Crawler Cranes, and Rough Terrain Cranes.
Key Highlights
- ACE is World’s largest Pick & Carry cranes manufacturer and leading Construction Equipment manufacturer in India.
- KATO WORKS CO., LTD., Japan is a globally recognized construction equipment manufacturer with decades of experience in design, development, and manufacture of mobile cranes, excavators, and related construction machinery.
- The Joint Venture will bring together the global technology, design, and engineering expertise of KATO Works Co. Ltd. with ACE’s strong manufacturing base, extensive market reach, and operational capabilities in India.
- The Joint Venture will engage in the manufacturing of Heavy Cranes, namely Truck Cranes, Crawler Cranes, and Rough Terrain Cranes.
- The Board has authorized the management to negotiate, finalize, and execute all definitive agreements, arrangements, documents, and papers in connection with the proposed Joint Venture.