Denzai secures funds to invest in heavy lifting



Japanese heavy lift and transport company Denzai K.K. has secured a 2.2 billion yen (USD 14,618,826) loan facility to invest in large cranes and special vehicles for onshore and offshore wind power construction.

The company said its commitment line – a form of contract in which financing is committed to be executed by multiple contracting financial institutions – would facilitate greater efficiencies its construction work, and contribute to Japan’s goal of carbon neutrality by 2050.

The firm’s plans also include an expansion of its business in ASEAN countries, India, the Middle East, and North Africa where “the introduction of renewable energy is remarkable”.

Denzai added: “We expect further dramatic growth by utilizing this loan facility and will strive to achieve the sales target of 35 billion yen by 2030 and the overseas sales target of 14 billion yen as stated in DENZAI VISION 2030.”

Since its foundation in Muroran, Hokkaido, in 1972, the Denzai Group has been one of Japan's largest operators of cranes and specialized transport for heavy objects and heavy equipment construction.