Bridon to sell interest in Chinese rope company

By Alex Dahm20 November 2008

Wire rope manufacturer Bridon will sell its majority interest in Bridon Tianjin, manufacturer of elevator rope, to Golik Holdings Ltd, a Hong Kong-based company.

"Our global business strategy involves concentrating on key markets that offer the greatest potential for growth," said Tom McBride, president of the Bridon Group. McBride said elevator rope is not part of the company's strategic market product portfolio, and that Bridon can now concentrate on developing other opportunities in China, with a focus on the recently acquired operation in Hangzhou. "Bridon Hangzhou has a good manufacturing base to serve our core strategic markets in the oil and gas, mining, and construction sectors."

Investment is being made in the operation in Hangzhou with equipment upgrades and the facility being placed to meet the growing demand for high quality rope across Asia. Bridon acquired an 80% shareholding in Hangzhou Super Strength Wire Ropes in May 2008, with the business trading as Bridon Hangzhou Co. Ltd.

The sale of China Rope Holdings to Golik Holdings Ltd is due to complete on 30 November 2008.

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
Zoomlion claims 2,400 tonne AT crane record
Two units of record-breaking ZAT24000H all terrain crane handed over to customer
New Effer loader cranes
Three new Effer cranes broaden the heavy crane range and offer advantages for end users
New Ferrari loader cranes
F.lli Ferrari adds to hydraulic loader crane range with new 6000 series models
D.Ann Shiffler Editor, American Cranes & Transport Tel: +1 512 869 8838 E-mail:
Matt Burk VP Sales Tel: +1 312 496 3314 E-mail: