Tadano Limited Explained

TADANO Ltd.
Native Name:株式会社タダノ
Native Name Lang:ja
Type:Public KK
Founder:Masuo Tadano
Foundation:Takamatsu, Kagawa
Location:Takamatsu, Kagawa, 761-0185, Japan[1]
Key People:Koichi Tadano

Toshiaki Ujiie
Industry:Machinery
Revenue: JPY 181.7 billion (FY 2013) (US$ 1.7 billion) (FY 2013)
Net Income: JPY 14.4 billion (FY 2013) (US$ 139.9 million) (FY 2013)
Num Employees:3,227 (consolidated, as of March 31, 2014)
Area Served:Worldwide
Footnotes:[2] [3]

(commonly known as Tadano) is the main and largest Japan-based manufacturer of cranes and aerial work platforms,[4] considered one of largest crane manufacturers in the world.

History

Masuo Tadano, the founder of the company, started as a steel fabricator in 1919 at Fujitsuka-cho, Takamatsu, Japan. In 1948, he founded TADANO Ltd. and set up the first manufacturing plant of cargo handling equipment, in the following years the company expanded manufacturing to include various industrial equipment. In 1955, TADANO introduced the first hydraulic truck crane with the capacity of 2 tonnage for the Japanese market. In 1960, TADANO successfully manufactured an export model of hydraulic truck crane and exported it to Indonesia.[5]

From then, they have expanded into the worldwide market and established a solid international position in the field of hydraulic mobile cranes. From mid-term plan 2008, they are aiming to become the No.1 manufacturer of LE domain (LE means Lifting Equipment, machinery and equipment reflecting the concept of mobile, gravity-defying equipment for aerial work).In 1972, TADANO listed company's shares on the first section of the Tokyo Stock Exchange.

They are also known by the project to restore the Ahu Tongariki Moai Statues on Easter island between 1992 and 1994.[6]

TADANO has been accelerating its business worldwide since the early 2000s.Starting with the establishment of a Middle East office in Dubai (2003), it has acquired US-based crawler crane manufacturer SpanDeck Inc. in 2008 (now TADANO Mantis Corp.), in addition to the launch of production base for truck loader cranes in Thailand (2013).

In May 2013, it has announced the launch of ATF-400G series, the all terrain cranes with 400 metric tons of lifting capacity, which had been developed with its main subsidiary TADANO Faun GmbH.

In August 2013, TADANO announced the new model of rough terrain crane with the largest lifting weight for its kind (145 metric tons), targeting markets in the Americas and the Middle East.

In 2014 the company acquired its UK product distributor. The distributor company, Cranes UK, changed its name to Tadano UK.[7] In August 2019 Tadano Ltd. completed its $215 million acquisition of the Demag Mobile Cranes business from Terex. This acquisition expanded the Tadano product line offering for All-Terrain Cranes as well as added a line of Lattice Boom Crawler cranes.

In December 2023, Tadano acquired a Japanese aerial platform manufacturer, Nagano Industry, for an undisclosed amount.[8]

See also

External links

Notes and References

  1. Web site: Bloomberg. Bloomberg News.
  2. Web site: Corporate Profile . TADANO Ltd. . April 15, 2015 . March 4, 2016 . https://web.archive.org/web/20160304000853/http://www.tadano.com/company/coprofile/index.html . dead .
  3. Web site: Investor Relations – Financial Highlights . TADANO Ltd. . April 15, 2015 . January 21, 2020 . https://web.archive.org/web/20200121080745/http://www.tadano.com/ir/annualreport/index.html . dead .
  4. Web site: Company Snapshot . . April 15, 2015.
  5. Web site: History of Tadano . TADANO Ltd. . December 11, 2009 . dead . https://web.archive.org/web/20090415113040/http://www.tadano.co.jp/ihq/company/information/milestones.html . April 15, 2009 .
  6. Book: Stanley, David . South Pacific Handbook . 2000 . . 978-1-56691-172-6 . 296.
  7. News: Tadano completes acquisition of distributor Cranes UK . April 10, 2014 . Venture Capital Post . April 15, 2015.
  8. Web site: 2023-12-15 . Tadano buys aerial platform manufacturer . 2023-12-15 . International Rental News . en.