Tag: Liugong Machinery

CHINA: LiuGong open new subsidiaries and positive 3rd quarter figures

LiuGong Machinery Corp. announced the opening of three new subsidiary companies as it continues its rapid global growth. The subsidiary office headquarters will open in Singapore, Johannesburg and Dubai.

Strong 3rd quarter 2010 figures
After announcing record sales, profits and export volumes the first half of this year, LiuGong executives reported the company’s third quarter earnings continue apace as the company posted total sales revenue of ¥ 11.75 billion (€1.29 billion, US$1.75 billion) a 61% increase from the same period in 2009