ASIA | REGION REPORT


based on our customer first principle, and enhance our presence as a global leader.” Kito also said in a statement: “Kito and


Crosby have historically faced similar trading conditions including a Covid- led market disruption, and longer-term demand volatility. “More recently, in the current supply chain environment, in which Covid has led to a slump in capital investment in infrastructure, industrial enterprises, and the like, while there are cost increases due to the impact of inflation on labor costs, raw material pricing, transportation costs, and the like, they have faced and understand the importance of navigating similar challenges, including shortages of raw material such as steel, and inflation leading to increased raw material costs, repair componentry costs, and freight and packaging costs. “The parties believe the combination of


the [two companies] would provide more stable operational resources and flexibility to help manage these dynamic headwinds in the form of capital to invest in the business after the Business Combination, sharing practices from each of the companies of Crosby Group and Kito Group


P Kito’s cranes are used in construction.


R A Kito crane in a food processing factory. 26 | July 2022 | www.hoistmagazine.com


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53