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Tower Crane Market Size, Revenue Growth Factors & Trends, Key Player Strategy Analysis, 2033

Posted by Latest Market Trends on April 23, 2024 at 11:41am 0 Comments

The tower crane market is primed for significant growth, projecting an ascent to US$ 21,063.30 million in 2023, further reaching an impressive US$ 33,661.95 million by 2033. This notable expansion is expected to be upheld by a consistent Compound Annual Growth Rate (CAGR) of 4.8% from 2023 to 2033.



The development of efficient tower cranes necessitates a wealth of expertise and experience. Typically anchored securely to foundations on construction sites, these cranes have witnessed a… Continue

KHS USA expands packaging business with acquisition

KHS USA expands packaging business with acquisition

Waukesha, Wis.-based KHS USA Inc. plans to purchase the assets of Fairfield, N.J., packaging machinery manufacturer Scandia Packaging Machinery Co.multi lane packaging machine

With the purchase, KHS USA will expand its portfolio to include compact cartoners and secondary packaging machines, according to a news release.

“There’s a trend towards smaller single-serve products. In taking over Scandia, an expert in compact packaging machines, we’re developing attractive growth areas in this very segment,” Donald Deubel, vice president and business unit leader at KHS USA, said in the release.KHS will acquire the system portfolio and additional additional equipment as well as extensive machine expertise and the company’s customer base.

“Scandia has a very good reputation in its fields of expertise. Much of its business is from returning customers,” Deubel said.During a 60-day transition period, all existing orders will be filled. Production will then move to KHS USA’s Sarasota, Fla., facility.

Scandia president Bill Bronander III will manage business development and sales at KHS USA.KHS USA plans to present one of the first systems from the acquisition at Pack Expo International in Chicago in October.

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