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China Entry: Palfinger Under Pressure
In order to ensure the internationalization strategy, the Austrian cranes manufacturer is expected to show improvements in entering the Chinese market.
China Entry: Palfinger Under Pressure / Picture: © Vindobona.org
Over the course of the past twelve months, Palfinger has increasingly communicated that its key aim is to acquire a Chinese peer in order to implement its internationalization strategy (mid-term sales target: 33% Europe, 33% Americas, 33% Asia-Pacific). To position itself in China, Palfinger needs to either acquire a Chinese peer or find a joint venture partner. According to Chinese…
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