Chinese firm LiuGong is opening a new R&D facility next to its Liuzhou HQ in June: this huge investment is set to benefit the firm – and the construction industry as a whole. Vice president Dave Beatenbough explains.
Chinese construction equipment manufacturer LiuGong Machinery announced first quarter earnings of US$93.35 million (¥612 million; ?66.03 million) from a net profit of $905.58 million (¥5.94billion; ?640.59 million) total sales revenue.
Chinese construction equipment manufacturer LiuGong Machinery announced first quarter earnings of US$93.35 million (¥612 million; ?66.03 million) from a net profit of $905.58 million (¥5.94billion; ?640.59 million) total sales revenue.
A huge investment in its manufacturing operations is being made by Volvo Construction Equipment and the firm is also seeing the head of the division become CEO of the entire group.
Chinese equipment firm LiuGong is adding to its portfolio with the planned acquisition of a transmissions operation in Poland. The ZZN Transmission Plant in Stalowa Wola lies next door to LiuGong’s existing facility that makes the Dressta range of bulldozers. Parts from the ZZN facility are used in many of the Dressta bulldozers and the acquisition is a strategic move that will strengthen LiuGong’s presence in Europe through the LiuGong Poland subsidiary, as well as its component manufacturing capabilities.
