21.04.2008

LiuGong buys into cranes

Chinese construction equipment manufacturer LuiGong has acquired Bengbu Zhencong Anli and renamed it Anhui LiuGong Crane Co Ltd

Bengbu Zhencong Anli Machinery Co Ltd. is one of the top five crane manufacturers in China, with many products including hydraulic cranes and access platforms and a comprehensive dealer network throughout China. It sold 1,000 machines in 2007 and has the fouth largest market share after XCMG, Zoomlion and Terex Chiangjiang.

The merger offers LiuGong the opportunity to leverage its R&D resources, brand and global marketing network to grow.
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Vice governor of Bengbu City and President Zeng, Guang'an sign agreements

At the end of February LiuGong also signed a series of investment agreements establishing a manufacturing center in Bengbu, Anhui Province to brand, develop and manufacture the construction crane product line.

This investment takes a large step towards LiuGong's goal of becoming a large world-class construction equipment manufacturer and closely follows the investment in LiuGong's Northern Manufacturing Base in Tianjin and Compact Equipment Manufacturing Base in Jiangsu. The total investment will be more than RMB 1 billion.

When completed the modernised facility will cover more than 320,000 square meters and have a production capacity of more than 5,000 units by the end of 2012.

Bengbu city is in the northern part of Anhui Province, which is famous for coal mining and its machinery industries.

With its strong history in machinery manufacturing, Bengbu City offers LiuGong plenty of skilled labor and technical expertise, growing markets and attractive government policies.