Escorts subsidiary signs marketing agreement with IHI Construction Machinery Ltd, Japan

Escorts Ltd has announced that Escorts Construction Equipment Ltd (ECEL), subsidiary of the Company, has signed up with IHI Construction Machinery Ltd of Japan, the US$ 8 billion manufacturer of crawler cranes, for marketing of its crawler cranes in India.

In another major sign up with Weihai Huata Building Machinery Co. Ltd of China, the largest manufacturers of tower cranes, ECEL will be marketing its range of tower cranes in India. Weihai Huata Building Machinery Co., Ltd is a specialized Company with leading product of "Huata" tower cranes.

ECEL is a subsidiary of the Company and a dominant player in the Material Handling, Construction Equipment and Road Construction Equipment sectors. With over three decades of presence, ECEL is the pioneers and the largest manufacturers of the Pick-n-Carry Cranes worldwide. It has a wide range of products like Pick-n-Carry Cranes, Slew Cranes, Loaders, Vibratory Soil Compactors and Tandem Vibratory Rollers.

Source : Equity Bulls

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