Tadano opens operation bases in Panama and Brazil

Tadano Group has set up a new base in Panama and a joint venture production, sales and service facility in Brazil.

The group's US subsidiary Tadano America Corp. opened the facility in the republic of Panama to serve as the group's new base of operations.

"Located between North America and South America, the country has long-benefited from its geographic advantages, serving as a hub of activities associated with commodities distribution and finance," said a company Spokesman.

The regions' rich natural resources are expected to generate significant demand for construction machinery, added Tadano.

"Panama is also well-known for its attractive corporate tax system and accommodating visa processing. Armed with the geographic advantages of the new office, the Tadano Group is set to expand the share for Group products in the Latin American market, based on rapid response to market needs," the spokesman continued.

The Panama base will work alongside the currently named Tadano Brazil Ltda., scheduled to begin operation in the near future.

In Brazil, Tadano LTD. has set up a production, sales, and service operation with its local sales agent T.D.B. do Brazil Industria e Comercio Ltda. (TDB).

"Energized by its role as host for the World Cup and Olympic Games in 2014 and 2016, respectively, Brazil, in particular, is poised to demonstrate significant growth for construction machinery, primarily in the field of infrastructure," said the spokesman.

"Meanwhile, controls on imports of finished truck cranes have been tightened in recent years, which has led the Tadano Group to seek out new approaches to its Brazilian business to achieve deeper market penetration."

The Brazil-based operation will include manufacturing capabilities. The plan is to import semi-finished cranes for full local assembly.