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

  • SANY Road Machinery is looking to increase export levels
    March 4, 2015
    SANY Road Machinery says that its machines offer customers a very good return on investment - Mike Woof writes. SANY Road Machinery looks set to boost its profile outside of China. The company has been focussed on the Chinese home market in recent years, due to the massive highway expansion programme in the country. However with 80% of the country’s highway construction programme now complete, SANY Road Machinery is looking to further develop its export business. Wang Zuochun is senior vice president at SAN
    Read More
  • New European standard introduces ROPS for rotating telehandlers
    January 6, 2017
    A brand new European standard, expected later this year, will introduce ROPS, or roll over protection, for the cabs of rotating telehanders. EN1459 part 2 will join Part 1 of the standard which refers to fixed telehandlers. “At the moment, rotating telehandlers have to comply with EN1300 which is the crane standard,” explained Riccardo Magni, president of Magni Telescopic Handlers, whose technical manager Daniele Felicani is contributing to the development of the new standard. “Our machine already complies,
    Read More
  • New European standard introduces ROPS for rotating telehandlers
    April 22, 2015
    A brand new European standard, expected later this year, will introduce ROPS, or roll over protection, for the cabs of rotating telehanders. EN1459 part 2 will join Part 1 of the standard which refers to fixed telehandlers. “At the moment, rotating telehandlers have to comply with EN1300 which is the crane standard,” explained Riccardo Magni, president of Magni Telescopic Handlers, whose technical manager Daniele Felicani is contributing to the development of the new standard. “Our machine already complies,
    Read More
  • Volvo CE sees slide in Chinese sales but growth in developed markets
    July 18, 2014
    Volvo Construction Equipment has seen sales in China fall, while its performance in the developed markets of North America and Europe has improved. The company has seen sales drop 9% for its second quarter results as improvements in North America and Europe fail to compensate for weak demand from China. The 25% improvement in North America and 11% improvement in Europe, compared to the same period in the year before, has been a cause for optimism. Net sales in the second quarter fell 9% to US$2.144 billion
    Read More

Highlighted Content