LiuGong expands operations

Chinese firm LiuGong is opening its Asia Pacific headquarters in Singapore.
March 1, 2012 Read time: 1 min
Chinese firm 269 LiuGong is opening its Asia Pacific headquarters in Singapore. The facility will support sales, technical support for Asia Pacific, excluding China. The facility is also the firm's first spare parts distribution centre for Southeast Asia and the Pacific islands. "A significant number of our customers are based in the Asia Pacific region, and we expect a substantial per cent of our business to flow through this centre in the next few years," said Chairman Wang Xiaohua, Chairman, Guangxi LiuGong Machinery corporation. LiuGong expects its Asia Pacific headquarters in Singapore to generate more than US$50 million in revenues in the first year of operations, with expected annual growth rates of 30%. The office, which will serve Southeast Asia, New Zealand, Papua New Guinea and other islands in Pacific.

For more information on companies in this article

Related Content

  • Liugong R&D vice president tells of significance of HSW-Desstra link-up
    November 27, 2012
    David Beatenbough, vice president of LiuGong research and development, has talked about the importance of the Chinese construction manufacturing equipment giant’s purchase earlier this year of Poland-based HSW and its Dressta distribution subsidiary. Speaking during a LiuGong press conference at bauma China 2012, he said: “The acquisition of Dressta was LiuGong’s first significant acquisition overseas so it was very important to us. This year was mostly a year of rebuilding and reforming foundations in Dres
    Read More
  • Repsol and Grupo Kuo agree to expand Dynasol activities
    April 28, 2015
    Dynasol, a global maker of synthetic rubber, much of it destined for large off-road vehicles including construction equipment, will boost its production. Dynasol is a joint venture formed in 1999 by Repsol and Grupo Kuo. Dynasol will focus on developing products for the high-performance tyre which uses synthetic rubber as a raw material and accounts for 70% of the synthetic rubber demand worldwide. The joint venture will have an estimated revenue of US$750 million and will produce more than 500,000 tons a
    Read More
  • LiuGong unveils its 'top ten' target
    February 6, 2012
    LiuGong Machinery Corporation has unveiled and discussed a bold five-year strategy, which directs the company towards breaking into the top ten construction equipment brands globally. The Chinese company, which set a company record in wheel loader sales in 2009, achieved another major milestone, saying it has built and sold its 200,000th wheel loader. To celebrate the milestones it hosted a conference and celebration ceremony in Beijing for customers, industry partners and the industry trade, where the stra
    Read More
  • Liebherr is optimistic for its financial performance
    November 25, 2014
    At bauma China 2014, Liebherr announced new machines while also revealing its latest results. The company is optimistic for its financial performance, despite tough market conditions at present.
    Read More

Highlighted Content