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Tag: Chinese equipment manufacturers
Construction Equipment
China’s Zoomlion confirms offer to woo Terex away from Konecranes merger
Chinese equipment manufacturer Zoomlion has officially confirmed an offer made to Terex to buy the company, despite Terex’s plans to merge with Finnish manufacturer Konecranes. Zoomlion announced Tuesday that on Dec. 4 it offered to buy Terex for $30 per share in cash. At the time of the offer, it represented a 41 percent premium […]
February 17, 2016
Business
LiuGong North America says 2013 was a record breaking year
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 […]
January 30, 2014
Business
In face of woes, ChinaDailyUSA says Sany is “gaining traction” in U.S.
In a report released today, the ChinaDailyUSA website says that 2013 was “a year worth celebrating” for Sany America, a division of Chinese equipment manufacturer Sany. According to the report, the U.S. subsidiary has doubled sales from last year, and now covers 65 percent of the United States, Canada and Mexico with its dealer network. […]
December 26, 2013
Business
Forbes: Sany, fellow Chinese equipment makers’ move into foreign markets “isn’t working”
It’s been a rough year for Sany. Back in January, despite the fact that a decade-long infrastructure boom in China had already come to a crashing halt, equipment manufacturer Sany had high hopes for its expansion into the U.S. and other foreign markets. The Chinese company told of its ambition to over take Komatsu and […]
November 7, 2013
Business
Fortune: Equipment maker Sany’s “bold” ambitions for U.S. market rub some the wrong way
In its comparatively young 23-year history, Chinese equipment manufacturer Sany has quickly climbed the global sales ranking ladder to the no. 5 spot, according to a new report from Fortune citing KHL Group’s Yellow Table. Most notable was its growth during the recession as the Chinese government spent hundreds of billions of dollars on infrastructure […]
June 18, 2013
Construction Equipment
Caterpillar VPs offer views on Tier 4, Tier 5 and Chinese competitors in roundtable
At the Bauma trade show last week in Munich, Germany, I sat down with a small group of editors to talk with several Caterpillar vice presidents. Here’s a look at some of the give and take: Because the machines cannot run on the higher sulfur fuel in lower-regulated countries, can you say anything about how […]
April 25, 2013
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