We are thrilled to unveil a groundbreaking product – a passenger hoist from GGJ. This innovative passenger hoist is unique in that it operates on a single mass section, making it the largest of its kind globally with a capacity of 3.2 tonne. Notably, it can adapt to different capacities, such as 3.2 tonne and 2.7 tonne, each with its own speed specifications. The hoist's length, initially at 4 m, can be reduced to 3.6 m or 3.2 m, offering versatility in accommodating 38 people or 32 people, respectively.

The hoist's most significant feature lies in its design flexibility. Users can adjust its length, speed, and capacity according to site requirements without the need for separate hoists. This innovation addresses various needs within the industrial sector, particularly in applications like steel and cement plants, providing a comprehensive solution for lifting diverse parts and aiding in the construction of permanent structures.

We are delighted to announce a joint venture agreement with GGJ, the registered brand owner, to commence production in India. Despite the stringent European standards and design validations that extended the timeline, we are now poised to produce these hoists in India. The production, set to begin in the year 2000, will yield a purely Indian product, with plans for exportation to various countries.

Initially, we anticipate a volume of 120 units per year, with the production facility capable of scaling up to 1800 units annually. We foresee a gradual increase in production, reaching up to 1500-1800 units per year as demand grows.

Our focus is on reducing the use of metal and heavy construction equipment. We aim to achieve this by offering customisable hoists that cater to specific industry segments, allowing users to avoid purchasing multiple units. By promoting the consumption of fewer natural resources and minimising waste, we contribute to operational efficiency and sustainability.

We maintain an in-house research and development team in India that collaborates with GGJ. Our commitment to innovation is evident in our effort to retain the same mass sections in our products, ensuring compatibility with existing customer equipment. This approach presents design challenges but underscores our dedication to meeting customer needs without necessitating costly equipment replacements.