Skip to main content

Wacker Neuson’s new factory in China

Wacker Neuson has plans to open a new factory facility in China. The plant will be located in Pinghu, around 30km from Shanghai. It will be used initially to produce compact excavators for the local Chinese market. However the plans call for additional products to be manufactured as the operation gears up. It is expected that the first Chinese-made compact excavator will be built in early 2018. The move is important as it will allow Wacker Neuson to boost its production capabilities in Asia. The new pla
June 22, 2016 Read time: 2 mins
The signing ceremony for Wacker Neuson’s new Chinese plant took place recently
1651 Wacker Neuson has plans to open a new factory facility in China. The plant will be located in Pinghu, around 30km from Shanghai. It will be used initially to produce compact excavators for the local Chinese market. However the plans call for additional products to be manufactured as the operation gears up. It is expected that the first Chinese-made compact excavator will be built in early 2018.

The move is important as it will allow Wacker Neuson to boost its production capabilities in Asia. The new plant will strengthen the firm’s presence in China. The contracts were signed recently by Cem Peksaglam, the chief executive officer of Wacker Neuson.

“We have finally decided for the Pinghu location in Zhejiang Province, which best fulfills our requirements and the support of the local authorities is outstanding,” said Peksaglam. “We are continuing our strategy of internationalization with this step. In the largest construction machine market in the world we underline our commitment towards our Chinese customers and trading partners,” he added.

The site is located between the cities of Shanghai and Hangzhou and benefits from a good local infrastructure. Manufacturing facilities, research and development, quality management, logistics, service and training will be located on approximately 135,000m² of ground with approximately 30,000m² of building space. Construction is planned to start in the fall of 2016, with completion expected at the end of 2017. Initially the Chinese and later the Asian markets will be served with products tailored to the local requirements.

The Wacker Neuson Group has sold construction equipment in China for over 20 years. The product portfolio for the Chinese market was extended in 2015 to include compact Wacker Neuson Group. The firm says it intends to develop a stronger presence in the country, with research and development and manufacturing paving the way for future growth and improvements in the Asia-Pacific region.

For more information on companies in this article

Related Content

  • Wacker Neuson’s strong results for 2019
    March 18, 2020
    Wacker Neuson reports strong results for 2019.
  • Wacker Neuson Group sees revenue rise 12% for 2014
    March 16, 2015
    International light and compact equipment manufacturer Wacker Neuson Group achieved record results for 2014 across most key performance indicators, the company reports. The group met its increased profit and the revenue forecast, despite challenging market conditions. Group revenue increased 11% to a record €1.28 billion, up from €1.16 billion in 2013 and in line with the company’s forecast. “Adjusted by currency effects, this corresponds to a growth of 12%,” a company statement said. Business in Central Eu
  • Wacker Neuson reports strong performance in Q1 2015
    May 13, 2015
    Wacker Neuson’s strong financial performance of late is continuing, with good results posted for the first quarter of 2015. The Munich-based light and compact equipment manufacturer experienced strongest growth in the Americas region. Currency fluctuations had a significant positive impact on growth. The Group has confirmed its forecast for fiscal 2015. Revenue is 11% higher than for 2014 at €324.3 million compared with €291.6 million. This represents a record first quarter revenue for the company. “We have
  • Market bullish at bauma China 2016 exhibition
    February 1, 2017
    Key manufacturers reported a return to business confidence in China at the recent bauma China 2016 construction equipment exhibition The event was held at the Shanghai New International Expo Centre (SNIEC) and attracted 170,000 visitors from 149 countries, despite the cold weather and constant rain that plagued its first two days. The healthy attendance is a reflection of the gradually improving Chinese market. The Chinese economy suffered a slump in business levels in recent years, following a boom per