LiuGong North America says 2013 was a record breaking year
| January 30, 2014 |
Although it released no numbers, LiuGong North America says the fourth quarter of 2013 was record breaking, “making 2013 the most profitable year with four consecutive profitable quarters since North American operations began in 2008.”
The company also says it has a record number of orders going into the first quarter of this year.
LiuGong attributes these positives to combining three divisions: construction equipment, forklifts, and Dressta North America, which it bought in 2011, and dealer development.
Because they’ve released no numbers, we must take the company’s word for it. And assuming that 2013 truly was a great year for the company, their success would certainly make them the exception to the rule for Chinese heavy equipment manufacturers which have struggled in the US for the last few years.
That being said, there is growing sentiment that Chinese manufacturers are slowly closing the quality gap between their products and those of the no. 1 and 2 companies, Caterpillar and Komatsu.