Demag, a German heavy equipment manufacturer, has secured its largest order in 15 years from Saudi-based Expertise Contracting Company for the delivery of 79 Demag AC cranes.
Demag Cranes is now controlled by Japan-based Tadano via a $215 million deal signed in 2019 with Terex. It boasts a wide range of lifting equipment including rough terrain and all- terrain cranes, lattice and telescopic boom crawler cranes and truck cranes.
Owing to the mega order, 50 Demag AC 55-3 units, 17 AC 130-5s and 11 AC 250-5s along with one AC 500-8 unit, the industrial cranes giant had sent a high-level official delegation to Zweibrücken, Germany for the contract signing ceremony, said a statement from the company.
Expertise, a major player in the kingdom, has been catering to over 1,500 customers from the petrochemical, oil and gas production industry, energy industry, and other industrial sectors across the Middle East. Confirming the big supply deal, Expertise said the need for such a large number of high-performance all-terrain cranes arose because of its major contract win from Saudi oil major Aramco.
“Demag cranes have a sterling reputation throughout the Arab world, and our experience reflects that, so it went without saying that they’d be our cranes of choice for this project as well,” remarked Expertise President and CEO Mr. Mohammed Ashif.
“An order of this magnitude is not something you see every day. In fact, we’re tremendously proud of the fact that one of the biggest names in the Middle East decided to rely on our products,” said Demag CEO Mr. Jens Ennen.