Mitsubishi Heavy Industries and India-based Anupam Industries have jointly established Anupam-MHI Industries Limited to manufacture heavy-duty material handling equipment, including quayside container cranes, in India.
The joint venture was formed to aggressively explore India's fast-growing market, along with the Asian, Middle East and Africa markets, and to strengthen the business collaboration between MHI and Anupam, to which MHI has already licensed related technologies.
Plans call to establish two plants, respectively, to begin operation in the first half of 2012, to oversee production and assembly of structural components.
The joint venture is capitalized in the amount of 1,880 million rupees (about U.S. $36.9 million), with Anupam holding 51 percent and MHI owning 49 percent. The head office is located in Anand, Gujarat, India's westernmost state. The company handles manufacturing, marketing and after-sales service for port-use loading and unloading equipment, including container cranes and unloaders; bulk material handling systems for transferring bulk products such as coal; and steel plant logistics systems, including overhead traveling cranes. Mehul Patel of Anupam is CEO of the new company.
Anupam is India's largest overhead crane builder. In 2010 MHI licensed heavy-duty material handling equipment technology to Anupam.
The heavy-duty material handling system and port cranes market is expected to grow significantly in Asian countries, including India, which views port facility improvement as one of the country's growth strategies, as well as in the Middle East, Africa and Latin America. Going forward MHI will continue to strengthen its aggressive marketing activities, leveraging the new JV with Anupam as a production base that will further enhance MHI's capability to respond to the needs of the global market.Mitsubishi Heavy Industries, headquartered in Tokyo, is a leading heavy machinery manufacturer with a lineup of products and services that includes shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems.