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
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
Hyundai Heavy Industries (HHI) and Cummins are setting up a joint venture to produce engines in South Korea for the earthmoving equipment market. The two companies are investing US$33 million each into the project, which will be called Hyundai Cummins Engine Company and will have its factory located in Daegu. Production is scheduled to commence in 2014, with capacity reaching 50,000 engines/year once the facility is fully commissioned. This factory will provide HHI with a steady supply of high quality engi
Josh Meyer, region manager for Caterpillar’s paving products in EAME territories, says the firm expects to see considerable sales growth. “The paving business is back in the mode of expansion. Even in Europe we’re starting to see growth in spending in infrastructure and growth in the paving business,” said Meyer.
