Terex Cranes and Franna will begin manufacturing three product lines in Hosur, India from 2021, expanding the company’s global manufacturing footprint.
Terex has a strong manufacturing presence within India having first entered the region in 2009. It employs 600 staff in India, including a research and development unit of 150 engineers.
India is one of the largest mobile crane markets in the world according to market research organisation Off-Highway Research.
In 2018, there were record crane sales in India, with almost 12,000 units sold in the region.
Terex aims to gain additional access to the growing crane market in the area and allow it to play a key role in the country’s infrastructure development. The company plans to use its global engineering experience to make a positive contribution to the crane industry in India.
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Franna General Manager Danny Black said it is an exciting investment for Terex as we continue to promote and grow the Franna brand globally.
“We have already had very good experience in the Indian market. Now we have the ability to directly bring our market leading Franna technology with local homologation to improve safety and performance for the Indian market,” Black said.
“This expansion will allow us to support our growth plans without causing any disruption to our production capacity in Australia and will allow us to be a valued competitor in India.
“Given our proven manufacturing capabilities with the success of other Terex brands in India such as Powerscreen and Terex Finlay, we are confident this decision will provide a positive outcome for Franna.”
Terex Cranes Vice President Marco Gentilini said it is a thrilling opportunity for Terex Cranes to build on the experience and knowledge of the team at Hosur.
“We have been monitoring the market and we believe it is time to start a new journey that will give us a boost in the important Indian domestic market but also reinforce our presence in the region,” Gentilini said.