The Indian crane market is becoming more diverse with domestic companies developing their ranges for export and big rental companies showing more interest in locally manufactured machines. Euan Youdale reports
Although the well-documented credit squeeze began in 2007, crane manufacturers were seeing little sign of a slowdown in business with record sales across the board during most of 2008. By the beginning of the fourth quarter, however, there were real signs that 2009 could be a tough year. Euan Youdale reports
Star of this issue is the IC50 Index of the world's largest crane-owning companies. While the majority of the top 10 remains relatively unchanged from last year, there is a new number one at the top of the table.