Restructuring of Tadano Demag and Tadano Faun takes concrete shape ...United Arab Emirates

Tadano Demag GmbH and Tadano Faun GmbH, manufacturers of all-terrain cranes and crawler cranes, reached an important milestone in the restructuring of the companies on December 23 last year, with their management submitting restructuring plans to the Zweibrücken District Court in Zweibrücken, Germany. Japan’s Tadano, the owner of the two companies, said in a statement that in the aftermath of the Covid-19 crisis, the two companies require restructuring in order to continue in business and the submission to the court is the first step in the process. In the next step, the insolvency proceedings for Tadano Demag and Tadano Faun are expected to be opened this month. This corresponds to the usua

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Last updated : 05 January 2021 clock 12:00 PM

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Restructuring of Tadano Demag and Tadano Faun takes concrete shape ...United Arab Emirates

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