Tadano reorganisation plan gets approval

By Alex Dahm18 February 2021

The new 80 tonne capacity Demag AC 80-4 fits between existing models in both the Demag and Tadano ranges of all terrain cranes The new 80 tonne capacity Demag AC 80-4 fits between existing models in both the Demag and Tadano ranges of all terrain cranes

Creditors have approved the reorganisation plans for Tadano Demag GmbH and Tadano Faun GmbH which are under protective shield proceedings in Germany.

At an 18 February meeting in Zweibrücken, Germany, to discuss and vote, the creditors agreed unanimously on the Tadano Faun plan with the Tadano Demag plan close behind at 99 percent voting to approve.

Operational restructuring measures will continue and both companies will exit the protective shield proceedings on schedule, by the end of the first quarter of 2021, Tadano said. “Our customers will have a significantly wider and more comprehensive portfolio of lifting equipment solutions available to them, and this will provide greater flexibility even with large package deals.” Look out for a series of new products being launched on in the next few months, the company said.

Commenting on the news Jens Ennen, Tadano Demag and Tadano Faun CEO, said, “With the creditors’ approval, we now have a clear mandate and the task of continuing to consistently drive forward the company’s reorganisation and implement the operational restructuring measures that have already been partially initiated. We have established the roadmap for the future in these protective shield proceedings, the successful conclusion of the proceedings is imminent and we will continue quickly and efficiently along the path we have chosen. Tadano Demag and Tadano Faun will continue to be strong and reliable partners for our customers in the future and will offer even better and more innovative products and services.”

For more details of what the restructuring will include, see the update here.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Crane Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Bauma: What’s in store for cranes and specialized transport?
Crane and specialized transport manufacturers are revealing their latest launches to feature at Bauma 2022
Jib option for Mammoet SK6,000
New 3,000 tonne capacity (at 220 metres) fixed jib option extends capability of 6,000 tonne super heavy lift crane
Big Scheuerle SPMT order from Schaften Cranes
Schaften Cranes enters specialized transport sector with major Scheuerle SPMT order for hundreds of axle lines
CONNECT WITH THE TEAM
D.Ann Shiffler Editor, American Cranes & Transport Tel: +1 512 869 8838 E-mail: d.ann.shiffler@khl.com
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: matt.burk@khl.com
CONNECT WITH SOCIAL MEDIA