ACE shares rise 2% on JV with Japan’s Kato Works 

Action Construction Equipment (ACE) shares gained over 2% in Thursday’s trading session after the company announced a joint venture with Japan-based Kato Works. The collaboration aims to produce medium and large-size cranes, targeting the Indian construction equipment market.

Kato Works, known for its advanced technology in crane manufacturing, has partnered with ACE to leverage its local market expertise. This strategic move is expected to enhance the production capabilities and market reach of both companies.

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As of 9:45 am, ACE shares were trading 2.09% higher at ₹1,547.40 on the NSE.

ACE is India’s leading Material Handling and Construction Equipment manufacturing company and are market leaders in Mobile Cranes & Tower Cranes segment. In addition to Mobile Cranes, ACE also offers Mobile/Fixed Tower Cranes, Electric Crane, Crawler Cranes, Truck Mounted Cranes, Lorry Loaders, Backhoe Loaders, Loader, Motor Grader, Vibratory Rollers, Piling Rigs, Forklifts, Concrete Placing Boom, Warehousing Equipment, Tractors, Harvesters and other Agri Machinery.