Page 41 - CO_December_2022

TICKER TAPE

SANY BHARAT SIGNS MOU WITH UNION BANK OF INDIA CATERPILLAR EXPANDS REMOTE CONTROL OFFERING
Caterpillar says that their 349, 352, 374 and 395 large excavators
in the 40 to 95 tonne category can now be equipped with Cat EQUIPMENT
Command for Excavating.
The remote-control system
is said to remove operators
from potentially hazardous
jobsite conditions and
reduce potential safety risks
from climbing on and off
machines.
The Cat Command station
allows for non-line-of-sight remote control, where users can
comfortably control all basic machine functions like digging,
lifting, and tracking. Caterpillar says that the technology can help
improve machine productivity on various projects like operating
in unstable underfoot conditions, brownfields, shore work, and
demolition. It also allows production to restart immediately
following disruptive processes such as blasting in quarry
applications. By removing the operator from the cab, Caterpillar
believes that the Command for Excavating technology offers
a solution to workforce shortages and training advantages for
newer operators. It also opens opportunities to those with physical
With an aim to make equipment financing an easy, efficient, and limitations that prevent them from climbing into the equipment,
simple process, Sany Bharat recently signed a Memorandum attracting a new generation of workers, and increasing the
of Understanding (MOU) with Union Bank of India. As per the longevity of experienced operators.
agreement, the network of Union Bank will extend equipment
finance to customers of Sany Bharat across the country and KRANPUNKTEN INVESTS IN 130 ELECTRIC SCISSORS
in turn the Bank’s portfolio under equipment finance is likely to Swedish rental company Kranpunkten has placed an order for
strengthen and get a wider reach. While both the parties have 130 electric scissor lifts from Dingli. The all-electric lifts, which are
agreed to pool their resources and capabilities for mutual benefits, expected to enter the market in the first quarter of 2023, include
buyers of Sany equipment can now avail a loan of up to 90% the JCPT1923DC self-propelled
of the equipment cost. The flexible payment options offered by rough-terrain scissor lift and the
the bank will facilitate Sany customers to manage cash flow and JCPT1012PA oil-free unit.
help in loan repayment. The wide spread presence of Union Bank According to the company,
is expected to facilitate Sany’s customers pan India and thereby the order will enable it to meet
fortify infrastructure growth which is significant towards creating a the sustainability needs of its
Naya Bharat. customers with a “gradual
The Memorandum of understanding was signed at Mumbai by conversion to more electric
Dheeraj Panda, Chief Operating Officer (Sales, Marketing & and hybrid-powered units.”
Customer Support) Sany Heavy Industry India Pvt. Ltd and CM Kranpunkten says it has seen
Minocha, Chief General Manager , MSME, Union Bank of India. an increasing demand for
Speaking on the occasion Dheeraj Panda said, “We are delighted sustainable machines from its customers, and the latest order
to be associated with Union Bank of India, considered to be a means it can provide them with “sustainable benefits.”
pioneer amongst PSU Banks. By enhancing their focus on MSME The delivery also means that 84% of the machinery owned by
sector, union bank of India has eased the financial burden Kranpunkten is now made up of environmentally and energy-
for our existing and potential customers.” Speaking about the saving machines, and is the latest in a string of moves in its strategy
significance of owning a Sany equipment, he further said, “It’s a to become 100% climate neutral. In the last year the company
well-known fact that Sany equipment signify quality, productivity has continued to invest in green machinery, with notable orders
and versatility. By joining hands with Union Bank of India, interest placed with Genie, NiftyLift, JLG, Magni and Ruthmann.
rates will no longer prevent our buyers in becoming a proud owner As well as reducing emissions of its machines, Kranpunkten is also
of Sany equipment. Our association with Union Bank will not only phasing out substances that are hazardous to the environment
be mutually beneficial but has the potential to herald amazing and health, and are reducing energy consumption and waste.
growth prospects for our customer sand stakeholders alike.” The JCPT1923DC has a working height of up to 19m and maximum
As per recent reports, Union Bank of India has opened funding load of 750kg, while the JCPT1012PA has a working height of up to
for retail and construction Equipment Sector from 10 lakhs loan 10m and maximum load of 450kg, and comes without hydraulic
to `50 Crores. systems and with lower energy consumption.

DECEMBER 2022|CONSTRUCTION OPPORTUNITIES 41