Konecranes Increases Ownership in Chinese Hoist and Chain Manufacturer

Konecranes has today completed the acquisition of the remaining shares of Jiangsu Three Horses Crane Manufacture Co. Ltd. (“SANMA”) and now owns 100 percent of the company. In November 2009, Konecranes announced that it had finalized the acquisition of a majority holding (65 percent) in SANMA.

The acquisition is an important step for Konecranes and SANMA will continue as one of Konecranes power brands in China. Konecranes will also continue to develop the unit as part of its global supply organization.

SANMA is based in Jingjiang, about two hours drive northwest of Shanghai. SANMA has a strong position as a nationwide supplier of its wire rope hoists in China and as a crane supplier especially in Jiangsu and the neighboring provinces.

Get the free newsletter

Sign up for news, trends and equipment for sale in the lifting and rigging industry.
By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.

Latest Products For Sale

Type Description
Lifting Products
Beams
Modulift Modular Spreader Beams provide the ideal solution for most lifting requirements – versatile and…
Wire Rope 1/16 1x7 GAC - 330,000' Total (16 - 5,000' reels / 21 - 10,000' reels…
Wire Rope 3/16 7x7 SS - 45,000feet (9 reels x 5,000')
Wire Rope 7/8" 6x25 Super Swaged IWRC wire rope Korean (2862531212) 7 x 1675' , 1 x…
Equipment HERCULOC - 800 Ton Wire Rope Swager- Refurbished Originally owned by the US Navy Hydraulics…

News & Articles