Caixin OnlineBusiness & IndustryTop Stories Industry Sany Announces 900 Mln Yuan Joint Venture with Palfinger
02.29.2012 19:12

Sany Announces 900 Mln Yuan Joint Venture with Palfinger

Sany Heavy Industry agreed to open two joint ventures with Austrian construction equipment-maker Palfinger AG
By intern reporter Cheng Jie
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(Beijing) – Sany Heavy Industry Co. a Changsha-based engineering machinery manufacturer in China recently completed more heavy-lifting as part of its overseas expansion strategy.

Sany announced February 28 that it would form two crane-manufacturing joint ventures with Austrian construction equipment-maker Palfinger AG.

Sany Mobile Hoisting Machinery Co., Ltd, a wholly-owned subsidiary of Sany Heavy Industry, will invest 900 million yuan with Palfinger Asia Pacific to open a truck-mounted crane joint venture in Changsha, Hunan Province.

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