Yongmao

Yongmao: Hosting quite a couple of plant visits recently and trying to build-up media coverage on the co. Their investment story revolves around its dominant market position in China’s tower crane industry, and China’s rapid urbanization development. Tower cranes are becoming very popular in China because they are more cost effective than crawler cranes, which typically cost 3 to 4 times as much. Despite Yongmao's tower cranes bring amongst the most expensive in China, there has been increasing demand over the years, with construction contractors becoming more discerning in equipment choice. Price points of brand new Yongmao cranes are also kept high in order to give customers a good resale value for their used cranes. The quality of made-in-China cranes have over the years become increasingly, and is closing the gap with European products, with Yongmao’s cranes being used by a host of global companies to build iconic landmarks around the world, like the Beijing National Stadium and the Imperial Wharf in London.