Tag: China

Magni Telescopic Handlers Sells 20% to Zhejlang Dingli Machinery

Magni Telescopic Handlers sell 20% to Zhejlang Dingli Machinery.

The Magni family has a long tradition in the design and construction of machines that started after the second world war . The experience of more of 30 years of Riccardo Magni, president of the company, in the telescopic handler design and construction, has made Magni Telescopic Handler the manufacturer of the widest range of rotating and heavy telescopic handlers with the highest technology.

Zehjiang Dingli Machinery Company was founded by Mr. Xu Sughen in 1997, is, today, the largest producer of AWP products in China

TEREX CORPORATION ANNOUNCES SENIOR LEADERSHIP CHANGES

Terex Corporation has announced the following senior executive changes:

• Tim Ford, currently President, Terex Cranes, is leaving the Company to pursue other opportunities.

• With Mr. Ford’s departure, Ken Lousberg, currently President of Terex China, will take on the role of President of Terex Cranes as well as the responsibility for Latin America previously with Mr. Ford. While Mr. Lousberg will retain responsibility for China, a Country Leader for our Chinese business will be named as soon as possible to help coordinate our business in China reporting to Mr. Lousberg. Mr. Lousberg joined Terex through the Genie acquisition in 2002 and has held several senior management positions at various Terex operations.

Leighton-China State JV secures $762m (USA) MTR Contract

Leighton Holdings subsidiary Leighton Asia, in a joint venture with China State Construction Engineering (Hong Kong), has been awarded a contract by MTR Corporation for works on the Shatin to Central Link in Hong Kong. Total revenue for the project is A$929 million, of which Leighton has a 51% share.

Leighton Holdings Executive Chairman and Chief Executive Officer Marcelino Fernández Verdes said: “Securing the largest civil works contract within this project is an excellent achievement and is reflective of Leighton’s experience in delivering transport projects of this size in busy urban areas.

Poland: LiuGong Poland Acquires ZZN

LiuGong Poland Machinery Co., Ltd. (LiuGong Poland) and the asset trustee of ZZN Transmission Plant in Stalowa Wola, Poland, held a signing ceremony of a conditional acquisition agreement, which marks another step for LiuGong Poland in the direction of developing core parts on its own.

Mr. Wu Yindeng, President Assistant, Board Director and Deputy General Manager of LiuGong Poland, signed the agreement with ZZN asset trustee Adam Jozef Pilicki. Mr. Li Linhui, President Assistant, together with some other LiuGong Poland executives and media friends from Poland witnessed the event.

LiuGong and ZF building a new joint venture axle company in Liuzhou

ZF and the construction equipment manufacturer LiuGong are to build a new joint venture it has been announced. The new company will produce wheel loader axles that are specially tailored for the requirements of the Chinese market. In the long run approximately 190 employees will be working at Liuzhou Axle Co. Ltd. and more than 30,000 of the newly designed axles will be delivered to the joint venture partner LiuGong and the third market.

Since 1995, ZF and LiuGong have been operating a joint venture company in Liuzhou, in the south of China. The 300-person company has been serving the joint venture partner LiuGong and the third market with construction machinery transmissions and axles for years. Now the two parties have decided to further their cooperation in the field of construction equipment axles.

“Our cooperation with LiuGong strongly shows the ‘Design to Market’ strategy which has been consistently followed by ZF, especially in the field of Off-Highway Systems”

says Wilhelm Rehm, Member of the Board of ZF. He is also responsible for the Industrial Technology Division which includes the Business Unit of Off-Highway Systems. The new axle range will be technically reliable and favorable in price.

LiuGong completes first overseas acquisition

LiuGong Machinery Corp. has finalized its agreement to acquire HSW (Huta Stalowa Wola) and its distribution subsidiary, Dressta Co, Ltd., company executives announced. The agreement was signed by both companies’ executives in Warsaw with celebration ceremonies following at the Baranów Sandomierski Castle in Baranów Sandomierski, Poland.

David Beatenbough, currently Vice President of Research and Development for LiuGong, has been named Chairman of the Board of the new entity, LiuGong Machinery (Poland) sp z o.o. The transaction is LiuGong’s first outright acquisition outside its domestic market.

Atlas Copco acquires Chinese compressor business

Atlas Copco (China) Investment Co. Ltd has acquired certain assets of Guangzhou Linghein Compressor Co., Ltd. The acquisition supports Atlas Copco’s profitable expansion in China, adding a brand of industrial air compressors with a strong regional presence.

Linghein, founded in 2001, is located in the city of Guangzhou in South-East China. The company primarily designs and produces small and medium-sized oil-injected rotary screw compressors. It has over the years established a solid organization with sales and service representation in various regions over China and a strong distributor network.

LiuGong and Cummins announce Joint Venture to build engines in China

Cummins Inc and Guangxi LiuGong Machinery Co. Ltd. have announced a joint-venture partnership to manufacture mid-range engines at a new facility to be built in Liuzhou City, Guangxi Province, in southern China. The new joint-venture operation, titled Guangxi Cummins Industrial Power Co., Ltd., will commence engine production in 2013. Volume is planned to reach 50,000 units with the capability to expand volume higher in the future.

The joint-venture agreement was signed in Liuzhou City by Wang Xiaohua, Chairman, Guangxi LiuGong Machinery Co. Ltd., and Steve Chapman, Group Vice President of Cummins and Chairman of Cummins China. The joint-venture engines will be based on Cummins MidRange engine family meeting Tier 2 and Tier 3 emissions.

The MidRange engines will be fully localized in China and adapted for construction equipment usage by the Guangxi Cummins Industrial Power joint-venture to meet the demand of both LiuGong and other equipment manufacturers in China.

China: Caterpillar to open facility to product hydraulic excavator undercarriage components

Caterpillar Inc has announced that it plans to open a new manufacturing facility in Xuzhou, Jiangsu Province, China. Construction and modifications to pre-existing buildings will commence in 2011, with production scheduled for mid-2012. The facility will produce undercarriage components and track assemblies, which are utilized on Cat hydraulic excavators.

“This new facility is our latest strategic investment to continue expanding our presence and capacity in the Asia/Pacific region,” said Stu Levenick, Caterpillar Group President with responsibility for Customer and Dealer Support. “Together with our joint venture, AsiaTrak, Ltd., in Tianjin, China, which also manufactures undercarriage components and track, Caterpillar is well positioned to meet the long-term demands of customers in China and Asia/Pacific.”

China: Volvo Construction Equipment sponsor China Open golf tournament

In front of a cheering crowd Belgian Nicolas Colsaerts was pronounced the 2011 Volvo China Open champion and the winner of RMB3.3million (Approx. US$500,000). The 28-year-old from Brussels won with a four-shot victory ahead of an international, chasing quartet of Pablo Martin from Spain, Danny Lee from New Zealand, Søren Kjeldsen from Denmark and Peter Lawrie from Ireland.

Volvo Construction Equipment was sponsor of the China Open alongside the other members of the Volvo Group and Volvo Cars and its presence was shown via several construction equipment machines featured around the course, including the Volvo EC60C excavator.