Favelle Favco Group
Encyclopedia
Favelle Favco Group is a manufacturer of construction cranes
under the brands Favelle Favco and Kroll. It is based in Malaysia, with manufacturing facilities in Australia and the United States.
The company states that its cranes were used to construct nine of the ten tallest buildings ever built, including the World Trade Center
in New York.
The company's shares are traded on the Main Board of Bursa Malaysia
, formerly known as the Kuala Lumpur Stock Exchange
. It is partially owned by Muhibbah Engineering.
in Manhattan. At least seven people were killed and several others were injured.
Crane (machine)
A crane is a type of machine, generally equipped with a hoist, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It uses one or more simple machines to create mechanical advantage and thus move loads beyond the normal capability of...
under the brands Favelle Favco and Kroll. It is based in Malaysia, with manufacturing facilities in Australia and the United States.
The company states that its cranes were used to construct nine of the ten tallest buildings ever built, including the World Trade Center
Construction of the World Trade Center
The construction of the World Trade Center was conceived as an urban renewal project, spearheaded by David Rockefeller, to help revitalize Lower Manhattan. The project was developed by the Port Authority of New York and New Jersey, which hired architect Minoru Yamasaki who came up with the specific...
in New York.
The company's shares are traded on the Main Board of Bursa Malaysia
Bursa Malaysia
Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.- History :Bursa...
, formerly known as the Kuala Lumpur Stock Exchange
Kuala Lumpur Stock Exchange
The Kuala Lumpur Stock Exchange dates back to 1930 when the Singapore Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya...
. It is partially owned by Muhibbah Engineering.
March 2008 crane collapse
On March 15, 2008, a crane manufactured by the company collapsed at a building site on 51st Street51st Street (Manhattan)
51st Street is a long one-way street traveling east to west across Midtown Manhattan.-East 51st Street:*The route officially begins at Beekman Place which is on a hill overlooking FDR Drive...
in Manhattan. At least seven people were killed and several others were injured.