Palfinger: Joint Venture in China

Business › n.a. ♦ Published: February 28, 2012; 16:54 ♦ (Vindobona)

The Austrian crane producer initiates a joint venture company with Chinese Sany Heavy Industries.

Palfinger: Joint Venture in China / Picture: © Vindobona.org

Palfinger aims for further growth. Now, the long-awaited entry in the Chinese market takes form. Palfinger establishes a joint venture company with Chinese Sany Heavy Industries.

Both companies want to invest € 106m in order to produce and and distribute cranes. Sany Heavy Industries is one of the 500 largest Chinese companies and is specialized indevelopment, production and…

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