Palfinger Aims for Growth in China

Businessn.a. ♦ Published: October 15, 2011; 16:06 ♦ (Vindobona)

The Austrian crane manufacturer, which has recently published a capital increase, will use these funds for further investments in China.

Palfinger Aims for Growth in China / Picture: © Palfinger

The CEO of Palfinger, Herbert Ortner, sees China as perfect opportunity for growth. Ortner has ambitious plans: in the long run, about one third of the company´s sales should be achieved in China. Currently, only 3% of sales are due to orders from there.

The planned capital increase will be resolved in March 2012. “We already are in negotiations in China. As a result, I want a…