Action Construction Equipment announced that it is in talks to establish a joint venture in India to manufacture medium and large sized cranes. The two companies plan to sign a formal contract as soon as they agree on the terms. Kato Works Co. is a Japanese global construction equipment manufacturer of mobile cranes, excavators, and other equipment (hereinafter referred to as KATO). For the benefit of the expanding Indian market, the joint venture will manufacture medium- and large-sized cranes, primarily truck, crawler, and rough terrain cranes. In the future, it also hopes to introduce a variety of value-added products and make use of the technology developed during the company's development.
