GH Cranes & Components Launches An International Initiative To Attract Talent And Projects

A prize for college upperclassmen to support start-ups with private company backing

Friday, July 12, 2019

As one of the world's leading lift sector companies, GH CRANES & COMPONENTS has launched “OLEA PREMIO (PRIZE) GH CRANES” to recognize initiatives from college students around the world presenting development ideas that involve GH-manufactured products such as bridges, cranes, and lifting machinery.

Aware of the future challenges facing manufacturing companies in this globalized world, the company's senior management team has been working for some time to develop this initiative and attract eager young talent with fresh ideas that might not otherwise become part of the production framework.

The award includes a $7,000 USD prize for the winning idea, and $4,500 USD for the runner-up. Winners will also receive a trip to one of the company's international branch offices to see first-hand the realities of a post-college world.

The GH initiative also has another more practical side, which is the 'Start-Up Contest' program. Through this program, GH will analyze entrepreneurship initiatives with leaders hoping to develop an idea around a present or future company and provide market access. GH has established the following areas as priorities: Security systems, automation, digitalization, and data analysis (all of which in the context of industry 4.0)

In this 'Start-Up Contest' program, the selected projects will be evaluated by the company and, once analyzed, GH may choose to invest in the project, or look for an international investor, ultimately signing a preferential commercial with the start-up. The initiative is backed by support from various prestigious institutions that have been selected with a clear strategy to represent all geographic and thematic areas: Goierri Valley, the Provincial Council of Gipuzkoa, BIC Gipuzkoa, CMAA (Crane Manufacturers Association of America), TECNUN, UPV/EHU and MU.

A website providing more details on this initiative has already launched, with details, schedules, and further information that can be found at

Bº Salbatore s/n 20200 Beasain (Gipuzkoa) Spain INDUSTRIAS ELECTROMECÁNICAS GH, S.A.
T: +34 943 805 660 CIF.: A20019923

GH was created 61 years ago at Beasain, Gipuzkoa (Spain) as the initiative of four brothers. The company still remains a family business and maintains its original profile. In a constantly consolidating market, GH is one of the world's largest lift-sector product manufacturers, producing standard and custom bridge cranes for industries and activities with special requirements.

In addition, GH is one of the few companies in the sector that fully manufactures (integral manufacturer) all lift components (hoists and winch units), including all accessories and motors needed to supply a complete product. GH has 11 plants around the world, and owns factories in the US, Mexico, Brazil, Spain, France, Poland, and Thailand. The company is also supported by its own commercial branches and agents selling its products in more than 70 countries.

GH has 800 employees around the globe, with 350 at its production facilities in the Basque Country and elsewhere in Spain. Over the course of its history, the company has manufactured 115,000 cranes, with clients in all sectors. Some noteworthy examples include: BOEING, NUCOR, EMBRAER, IRIZAR, DRAGADOS and CATERPILLAR, among others.

One of the sector's future challenges will be developing smart cranes that allow for safer, more competitive automated products thanks to the data processing and analysis that these machines will provide. GH has spent the last decade researching and innovating in this field, and is one of the pioneers in applying the 'industry 4.0' concept to its production processes. GH CRANES & COMPONENTS USA has a Warehouse with a complete inventory of components in Chicago, IL and a Crane factory in Dallas, TX.
GH Cranes & Components

Sergio Martin

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