Italian-Chinese deal between Magni and Zehjiang Dingli Machinery

A new business deal has been struck between Italian manufacturer Magni Telescopic Handlers and Chinese company Zehjiang Dingli Machinery. The agreement between the two companies includes a purchase in stock as well as the establishment of a new R&D facility for Dingli in Europe. Under the terms of the deal, Zhejinag Dingli will sell the full range of Magni machines through its distribution network in China.
February 11, 2016 Read time: 1 min
A new business deal has been struck between Italian manufacturer 7308 Magni Telescopic Handlers and Chinese company Zehjiang Dingli Machinery. The agreement between the two companies includes a purchase in stock as well as the establishment of a new R&D facility for Dingli in Europe. Under the terms of the deal, Zhejinag Dingli will sell the full range of Magni machines through its distribution network in China.
Finance & Funding

For more information on companies in this article

Related Content

  • Cat dealer develops Burkina Faso facility
    January 6, 2015
    Burkina Equipments is now increasing its geographical coverage in the construction and extraction markets in Burkina Faso. The company is part of the Ja Delmas network and is now a major player in supplying heavy equipment for the construction, mining, energy and transport sectors in Burkina Faso.
    Read More
  • Chinese companies’ Brazil success
    August 15, 2013
    Chinese company, XCMG, is increasing its machine sales into Brazil. The company is scoring business in sectors such as earthmoving and aggregate production. The well-proven XCMG wheeled loader models are developing a strong market share in the Brazilian equipment segment. Meanwhile, new products from another Chinese company, XGMA, were on show at the Construction Expo in Brazil. Its display included the XG918 mini loader; XG935H loader; XG958H loader, XG815LC excavator; XG822LC excavator; XG6121 roller; XG3
    Read More
  • International cooperation agreement signed for engineering
    September 2, 2019
    A crucial agreement has been signed that will pave the way for greater international cooperation on engineering projects. A memorandum of understanding (MoU) has been signed between the International engineering federation FIDIC (the International Federation of Consulting Engineers) and the China Engineering and Consulting Association (CECA). The aim of this is to improve collaboration between international and Chinese businesses across a number of key areas. The move will also help to improve the competenc
    Read More
  • JCB announces record profit in 67-year history
    January 6, 2017
    JCB has announced the best results in its 67-year history with earnings reaching a new record. While turnover for 2012 remained virtually unchanged at £2.7 billion, profit rose by £10m to £365m on an earnings before interest, taxes, depreciation, and amortisation (EBITDA) basis.
    Read More

Highlighted Content