Crane rental firm MS Holdings Limited has announced that its wholly-owned subsidiary, MS Equipment Pte Ltd, has been appointed by Italy-based Cormach Srl as its exclusive distributor in Myanmar.
The Singapore-based firm also secured the distributorship rights for Myanmar’s ASEAN neighbours Singapore, Malaysia, Brunei, Laos, Cambodia and Vietnam.
Under the exclusive distributorship agreement, MS Holdings will be marketing, selling and providing after sales services for Cormach’s full range of lorry loaders, rescue cranes, heavy duty cranes, stiff boom cranes and marine cranes.
Some of these products can be installed and fitted to different types of vehicles and marine vessels to undertake various lifting assignments, the company said.
The agreement is MS Holdings’ first product distribution agreement and forms part of the group’s strategy to expand its business presence in Singapore and in neighbouring countries.
Yap Chin Hock, MS Holdings Executive Director and CEO, said: “There is a strong strategic fit to our business model as we can utilise our in-depth market knowledge and business resources to raise awareness and effectively grow the brand recognition for Cormach in Asia.
“Securing this exclusive distributorship agreement highlights our strong commitment to create new complementary business opportunities and offer value-added products and service solutions to our growing customer base across various industries.”
Established in Italy since 1960, Cormach is one of Europe’s leading manufacturers in the production of hydraulic equipment. In the last decade, Cormach has expanded its product range to cranes and various industrial equipment. Most of the company’s products and parts are self-manufactured, assembled, processed and finally load tested at its manufacturing plant in Montichiari, Brescia, Italy.
Source: Myanmar Business Today