Austrian loader crane manufacturer Palfinger has set up an assembling facility near Chennai. The company has said the facility would cater to domestic market and overseas markets including China. Speaking to reporters after signing a dealership network agreement, for South India, with T V Sundaram Iyengar & Sons, at Chennai Subhamoy Ghosh, Managing Director, Palfinger India, a 100 per cent subsidary of Palfinger, said that the facility will assemble 200 cranes every year and it would cater to both domestic and overseas markets.The company is planning to export to countries like China, Thailand, Vietnam and Indonesia and other countries in Far East. "We are also looking at countries in Africa and West Asia," he said. The company has invested '8 crore in the facility, he said. Palfinger is one of the leading international manufacturers of hydraulic lifting, loading and handling systems. The company has manufacturing units and assembly sites in Europe, North and South America as well in Asia. Commenting about dealership network, he said, T V Sundaram Iyengar & Sons will commence operations immediately and will offer entire range of Palfinger truck mounted cranes starting from 0.4 tonne to 116 tonne in the market of Tamil Nadu, Andhra Pradesh, Karnataka and Kerala.