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Palfinger´s Joint Venture in China Starts Operations
The Austrian crane manufacturer is about to intensify its China activities. After only six months, the competent authorities have given their approval to the Group’s joint venture with the Chinese Sany Group.
Palfinger´s Joint Venture in China Starts Operations / Picture: © Vindobona.org
“We were hoping for a swift procedure and we have already made preparations. Now that approval has been granted, operations can be started without delay. We assume that the first sales success will be achieved before the year is over,” remarks Herbert Ortner, CEO of Palfinger AG.
In late February, Palfinger entered into an agreement on the establishment of two joint venture…
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