Recent developments in the construction machinery
Hangcha Group announced on September 18th its plan to establish Hangcha Malaysia Limited in Malaysia with a registered capital of 2 million US dollars, holding 100% of the com…
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2024-09 industry insights
9 original articles
Why is Chinese construction machinery becoming increasingly popular in Russia?
The entire machinery market is being taken over by Chinese companies In 2020, Asian equipment held a 22% market share in Russia, which had increased to 82% by 2023. Local Russ…
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Why the landfill compactor is white?
Do you know why construction machinery is waxed before being shipped overseas? When using bulk cargo shipping, the machine is waxed before being shipped overseas to protect it…
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What kind of China company can achieve a 20-year export volume growth from zero to six billion?
In August 2002, two Sany PQ190 graders were shipped to Morocco, marking the beginning of Sany’s overseas journey. From $0 to $150 million In 2003, Sany expanded its export bus…
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In the first eight months, China’s cumulative exports continued to grow.
In August, China’s exports in US dollars showed robust growth, with a year-on-year increase of 8.7%. Cumulative exports for the first eight months increased by 4.6%. During th…
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Hyundai and Develon Build New Factory in the United States
The market share of Korean brands in China has drastically shrunk from a peak of 40% to around 5%.（（You can read this article: The Love-Hate Relationship Between Doosan and Hy…
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Why does Chinese construction machinery companies cancel the agency rights of European agents ?
China LGMG (Lingong Group Jinan Heavy Machinery Co., Ltd.) registered a company in the UK and established a new factory in the country to take over its existing UK and Ireland…
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Who is Sany America’s new CEO?
Sany is pleased to announce that David Nicoll officially assumed the role of Chief Executive Officer (CEO) of Sany America on August 8, 2024 David Nicoll previously served as …
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Eddie Precision and Kawasaki Heavy Industries jointly established a new company
Yantai Eddie Precision Machinery Co., Ltd. and Kawasaki Heavy Industries, Ltd. of Japan plnned to jointly establish a subsidiary, Eisaki Precision Machinery (Suzhou) Co., Ltd.…
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