Ritchie Bros’ Chinese landmark

Ritchie Bros Auctioneers has held its first-ever unreserved public auction in China. Over 500 bidders registered to bid on equipment at the one-day, multi-million RMB auction and over 1,000 people attended the auction in person to see the global marketplace in action. The auction featured a selection of more than 155 unused and used heavy equipment items and trucks, including more than 25 hydraulic excavators and 20 wheeled loaders. After many years of working with the Beijing Tianzhu Free Trade Zone Manage
May 29, 2013 Read time: 1 min
318 Ritchie Bros Auctioneers has held its first-ever unreserved public auction in China.

Over 500 bidders registered to bid on equipment at the one-day, multi-million RMB auction and over 1,000 people attended the auction in person to see the global marketplace in action.

The auction featured a selection of more than 155 unused and used heavy equipment items and trucks, including more than 25 hydraulic excavators and 20 wheeled loaders.

After many years of working with the Beijing Tianzhu Free Trade Zone Management Committee, Beijing Customs, and Beijing Entry-Exit Inspection and Quarantine Bureau, Ritchie Bros has established a regulated channel for equipment exchange in China and export out of China through the Tianzhu Free Trade Zone.

Related Content

  • A bridge of hope?
    July 18, 2012
    As Russia prepares for a major Asia Pacific conference in nearly four years' time, the economic climate is felt in other countries in the region. Patrick Smith reports AUS$1 billion-plus suspension bridge is to be built to link the city of Vladivostok in the far east of Russia and Russky Island. Russia's President Dmitry Medvedev has signed an instruction for construction of the 3,150m long bridge, which is intended to provide access to the 24th Asia Pacific Economic Cooperation (APEC) summit, to be held o
    Read More
  • Construction equipment launched at Bauma China
    February 15, 2012
    The 2010 bauma China event did, as expected, break all previous records, with companies launching more new equipment than ever. Patrick Smith reports. The queues at the entrances on the first day of bauma China 2010 indicated what the rest of the week had in store. As thousands of visitors poured through the gates each day to view the latest in construction equipment at the expanded Shanghai New International Expo Centre, the organisers knew they were looking at another successful event.
    Read More
  • LiuGong embraces Industry 4.0
    November 27, 2018
    LiuGong chairman Zeng Guang’an says that the firm is fully embracing Industry 4.0 technology. Coupled with ongoing machine development, an expanding global sales and manufacturing network and long-established strong relationships with customers and suppliers, this is enabling the Chinese construction equipment giant to target RMB 50 billion (US$7.18bn) operating revenue by 2025. Chairman Zeng outlined the impressive scale of LiuGong’s future ambitions during an impassioned speech in front of an audi
    Read More
  • ConExpo Russia: Planning starts for 2009
    July 23, 2012
    The AEM says that its inaugural trade show in the Russian capital "exceeded expectations." Patrick Smith reports The first CONEXPO Russia, held in the capital Moscow, attracted some 6,000 attendees, according to the organisers. The Association of Equipment Manufactures (AEM) said after the inaugural event in September that more than 50% of the 2008 exhibition space had already been sold for the 2009 exposition. "Leading construction equipment companies from around the world that supported the first ever CON
    Read More

Highlighted Content