Industry Prospects
Global factors
Growth in the global economy coupled with the rise in the development of industrial countries and rapid expansion in emerging markets. Global urbanisation leading to 75% of the world population living in cities by 2050 world provide growth potential for the industry.
In the PRC
- Large influx of direct foreign investment accompanied by the
PRC's strong economic growth expected to lead to increased
construction activities
- The PRC Government is expected to continue to invest in infrastructure projects
Industry trend is towards larger capacity towercranes, and we will continue to innovate to meet the demand and technical requirements for towercranes of higher-class tonnage.