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‘Tower Crane Giant’ Tat Hong Stretched by Rising Labor Costs

The construction equipment provider’s profit fell in its latest reporting period, stretched by rising labor costs, but its current large-scale contracts are reason for optimism.

This article only represents the author's own views.

The term "tower crane" may be unfamiliar to most. The term refers to a fully rotating jib crane with a "tower structure” that can move building materials quickly in rising, traversing and criss-crossing patterns. As such, these seemingly unimportant cranes are an important tool for moving items around at large-scale building sites.

While it may be somewhat off the radar, the industry could play an important role in China’s sustainable development as the nation strives to reach its goals of peak carbon emissions by 2030 and achieving carbon neutrality by 2060. That process is likely to require many of these types of cranes to support the construction of necessary green energy sources like nuclear and wind power.

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咏竹坊

咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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