Mitsubishi and Anupam crane building venture

Anupam-MHI Industries Limited is a new joint-venture company to manufacture container cranes and other heavy duty material handling equipment in India.

Partners Mitsubishi Heavy Industries of Japan and Anupam Industries of India said the JV is aimed at aggressively exploring India's fast-growing market. The wider Asian, Middle East and Africa (MEA) markets will also be targeted.

It is planned that the JV will establish two plants for production and assembly of structural components. Operation will start in the first half of 2012 with an annual production capacity for ship to shore container cranes of 60 units.

The new company, in the northwestern state of Gujarat, is capitalised at Indian Rupees 1,880 million (188 crore). Anupam holds 51% and MHI 49%. In addition to container cranes, the company will offer overhead travelling cranes, bulk material handling systems and steel plant logistics systems. CEO is Mehul Patel from Anupam.