XIAMEN FIT IMPORT & EXPORT CO., LTD.
Guangxi Liugong to set up plant in India
click rate:2311 issue time:2007-03-10 08:12
Jan. 26, 2007 (China Knowledge) – Guangxi Liugong Machinery Co Ltd. <000528>, a leading heavy machinery manufacturer, has announced plans to set up an assembly plant in India this year.


The move is to cater to growing demand for heavy machinery and to further tap the enormous Indian market.


Looking forward, Liugong will be expanding global sales and after-sales service networks to enhance its present 30-odd overseas distributors. The company is also looking to establish production plants in key markets abroad.


Liugong’s overseas sales target is between US$80 million and US$100 million from sales of more than 2,000 machines in 2007. Overseas revenue is projected to be US$200 million by 2010, or over 15% of the company's total business income. Revenue totaled RMB 8.09 billion in 2006.