Caixin OnlineBusiness & IndustryTop Stories Industry Finance Risks Weigh on Heavy Equipment Makers
07.05.2012 14:01

Finance Risks Weigh on Heavy Equipment Makers

Special leasing deals are raising red flags as manufacturers of heavy equipment grapple with a building slowdown
By staff reporter Zhang Boling

Demand for heavy equipments has declined since last year due to fewer new projects

(Beijing) – Cash is tight, competition fierce and a business slump is biting construction companies that buy their powerful excavators, bulldozers and cranes.

Nevertheless, China's heavy equipment manufacturers are plowing forward with plans for major fund-raisers, including stock listings, and offering customers low-cost leasing plans that some call dangerous.

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