Sumitomo becomes full owner of HSC Cranes

By Hannah Sundermeyer17 January 2023

Sumitomo Heavy Industries (SHI) has become 100% owner of Sumitomo Heavy Industries Construction Cranes (HSC) following an agreement to acquire the 34 percent stake owned by Hitachi Construction Machinery (HCM).

SHI, which is the parent company of Link-Belt Cranes, acquired the shares on December 31, 2022.

HCM and SHI merged their crawler crane businesses in 2002 to form the current HSC. Since then the two companies have cooperated in the development of cranwler cranes.

“This further reinforces SHI’s long-term commitment and investment in the mobile crane business,” said Melvin Porter, CEO and president, Link-Belt Cranes. “We look forward to the continued growth and strengthening of the mobile crane business with the support of SHI and collaboration with HSC.”

SHI stated their business strategy is to grow and strengthen the construction crane business, to reinforce cooperation related to the lifting business within the SHI group, and to solidify SHI’s Logistics & Construction Segment business, which includes the construction machinery business.

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
Enter the ACT Specialized Lifting 50
On this list are companies that provide lifting and rigging services using such equipment as gantries, tower lifts, strand jacks, skates, rigger trucks and SPMTs. 
ALL grows fleet of Manitowoc lattice-booms
The acquisition includes two new Manitowoc MCL300 VPC, two additional VPC-MAX attachments, one MLC300 luffing jib attachment and one MLC650 11.5-foot-wide boom attachment.
Goldhofer to show P12 trailer at ConExpo
German company to showcase transportation solutions
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