Search

Weichai Power is aiming to open a Linde Hydraulics technology production factory in China by 2016 following its recent investment in the German brand’s parent group. In September 2011 Weichai Power paid €738 million for a 25% stake in the German-based KION Group, and a 70% share of its highly successful Linde Hydraulics brand, as part of a strategic cooperation agreement. Now the Weifang, Shandong Province headquartered leading Chinese automobile and equipment manufacturing group is keen to maximise its ret

Liebherr is weathering the current financial situation rather better than some other firms, having seen turnover increase 9.8% to €4.4 billion in the first half of 2012, compared with the previous year. According to Andreas Boehm, a member of the board of directors at Liebherr, turnover for the mining and construction operations saw gains of 7.7% to €2.84 billion in the first half of 2012, compared with 2011. He continued, “Turnover from our earthmoving machinery increased 14.4% to €1.07 billion.” However,

Volvo Construction Equipment (Volvo CE) has invested over US$150.93 million (SEK1bn) in expanding capacity and construction equipment offering in China and had secured a leading position in national wheeled loader and excavator sales, said Volvo CE president Pat Olney. The Swedish construction equipment manufacturer is also keen to develop its SDLG brand, which, Olney stressed, has helped Volvo CE secure its status in the Chinese wheeled loader and excavator market.

Driveline specialist Dana is launching the Spicer Rui Ma brand of transmissions and axles that are manufactured in China for the local market. This range complements Dana’s Spicer brand of sophisticated drivetrains and is being marketed in China as line-up with the features, performance, dependability, and the pricing structure preferred by many Chinese OEM manufacturers supplying local markets. The range has been developed at Dana’s manufacturing facility in Wuxi, Jiangsu Provence, China. The Spicer Rui Ma

The Wirtgen Group is committed to expanding its presence in “increasingly important” emerging markets, according to joint group president Stefan Wirtgen. Speaking alongside his brother and co-Wirtgen Group president, Jürgen Wirtgen, at a press conference during the recent Wirtgen Mineral Technology Days 2012 event attended by over 1,400 industry professionals from more than 60 countries, Stefan Wirtgen said: “The markets in the last few years have shifted and emerging markets are playing an increasingly imp