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Crane makers Kobelco Construction Machinery in Japan and The Manitowoc Company headquartered in the USA will end their OEM supply agreement in November 2018.
The agreement, under which Kobelco supplies Manitowoc with lattice boom crawler cranes in capacities up to 150 US tons in North America and Manitowoc supplies Kobelco with Grove all terrain cranes for sale in Japan, has been running since 2003.
Each has agreed to continue supporting the other with service parts for ten years.
A company statement said, “Looking ahead at future market conditions, the companies have mutually decided to operate their businesses on their own.”
