KCI Konecranes and the Kanoo Group have established a joint venture, Crane Industrial Services LLC, in the UAE. The joint venture will give customers in the Gulf region easy access to a complete range of overhead lifting solutions including crane maintenance services for virtually all industries including harbours.
This joint venture with the Kanoo Group of the UEA reinforces KCI Konecranes presence throughout the Gulf region with a complementary network. KCI Konecranes holds a 49 percent ownership stake in the newly established joint venture and the Kanoo Group holds the remaining 51 percent stake. The Kanoo Group is one of the most diversified and highly regarded business houses within the Gulf region. Kanoo’s business portfolio includes a division for machinery and lifting equipment
“KCI Konecranes is happy to reinforce its local presence by establishing a joint venture with Kanoo in UAE,” said Stig Gustavson, President of KCI Konecranes Plc. “Both Kanoo and Konecranes are recognized as high quality suppliers in the industry. Through this joint venture, we want to offer our customers the best technology in the industry combined with local first-class maintenance back-up.”
A single-source supplier for all crane related needs
KCI Konecranes has had a presence in United Arab Emirates since 1996 with a wholly owned subsidiary in Dubai. KCI Konecranes has a strong market position especially within the power, steel and concrete industries in the region. The operation has primarily focused on supplying Industrial cranes within the Gulf region.
As a result of the formation of the joint venture with Kanoo, KCI Konecranes will now set out to establish a maintenance services network also in the Gulf region. Service is provided for cranes of all makes regardless of original manufacturer.
In addition to crane maintenance, the new joint venture company will provide complete cranes, modernisation services, crane components as well as spares parts. The company will also co-ordinate all sales activities for heavy-duty harbour and process cranes in the Middle East countries.
For further information, please contact:
Selim Awad, Area Director, phone +971-4-335-4909
KCI Konecranes. A world leading engineering group specialising in advanced overhead lifting solutions and maintenance services. With 217,000 cranes in its service agreement base, KCI Konecranes features the largest EOT (Electric Overhead Travelling) crane maintenance organisation in the world. KCI Konecranes is the world's leading supplier of heavy-duty cranes for process industries and a global supplier of special cranes for harbours and shipyards. In 2003, Group sales totalled EUR 665 million with 4300 employees in 34 countries all over the world.
Kanoo Group. One of the largest independent, family-owned, business houses in the Gulf region. Established in Bahrain in 1890, Kanoo is a diversified business conglomerate with activities across many different industries from shipping, machinery and lifting equipment, travel, logistics, oil & gas, petrochemicals and other commercials activities. Kanoo operates extensively throughout Saudi Arabia, Bahrain, UAE and Oman. Kanoo has an active history of forming joint ventures with world-class companies such as Norwich Insurance, Johnson Arabia, Akzo Noble, Basf, Maersk. (for further information please visit: www.kanoogroup.com)
