Challenges and opportunities
China is leading the pack in crane area. There are more crane manufacturers in the world right
now than ever before, which is changing the industry as well. More component manufacturers
have made it possible for hundreds of smallercompanies to enter the crane market and to build
cranes locally, making it difficult for national and regional companies like to compete on a local
Two of the three largest crane manufacturers are already based overseas so it has always been
a challenge for cranecompany. With respect to shipping product outside the country. it We also
spend more time partnering with other crane companies, such as EMH.