Denzai secures funds to invest in heavy machinery

Denzai secures funds to invest in heavy machinery

Photo Denzai

Denzai K.K. has continued investing in heavy machinery capable of handling large onshore and offshore wind components. The company has secured a 12.2 billion yen ($80.6 million) loan to respond to the demands of the growing Japanese onshore and offshore wind sector. 

Denzai said it would invest the money in large cranes and special transport vehicles for onshore and offshore wind power construction.

By improving the efficiency of construction work the company plans to contribute to achieving the Japanese government’s goal of carbon neutrality by 2050.

In addition, overseas, Denzai aims to further expand its business in ASEAN countries, India, the Middle East, and North Africa where the introduction of renewable energy is remarkable.

Denzai expects further dramatic growth by utilizing this loan facility and will strive to achieve the sales target of 35 billion yen ($231.3 million) by 2030 and the overseas sales target of 14 billion yen ($92.5 million).

Author: Adnan Bajic

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