Palfinger Puts Effort Into China Entry

IndustrialsIndustrial Goods ♦ Published: March 13, 2012; 18:46 ♦ (Vindobona)

The Austrian crane manufacturer announced its joint venture with the Chinese partner Sany at the Austrian Federal Competition Authority (BWB).

Palfinger Puts Effort Into China Entry / Picture: ©

For Palfinger, China is the new hope market. The joint venture Palfinger Sany International Mobile Cranes Sales plans the distribution and service of mobile cranes. Together with the Chinese construction machine producer, Palfinger wants to increase production in China and invest massively. Both companies hold a 50% share each. In China, Palfinger´s largest site will be established.…