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Schwing, Xuzhou form partnership
Schwing and Xuzhou Construction Machinery (XCMG) finalized the strategic partnership they announced in April. Under this agreement, XCMG will gain a majority of the shares in Schwing. Gerhard Schwing, CEO of Schwing , and Wang Min, Chairman of XCMG, signed the contract in Essen, Germany, on July 6. The parties agreed on confidentiality of the […]
July 20, 2012
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