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Palfinger: Joint Venture in China

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: © Flickr

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…

This article includes a total of 106 words.

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