LiuGong Machinery, China’s leading manufacturer of heavy construction equipment, has opened its first factory in Brazil. This is located in Mogi Guaçu, a city in the state of São Paulo. During the opening ceremony, the company announced that it is to invest 120 million Brazilian real (£26.5 million) in Brazil. It expects to produce 1,500 units per year (including wheel loaders and excavators) at the new facility, which will be its fourth factory outside China.
Bruno Barsanti, vice-president of LiuGong Latin America, said: “We have a success story in Brazil with our machines. This investment is the natural consequence of our business evolution and the belief that Brazil’s infrastructure and construction markets have good potential for growth in the coming years.
“Our company invests heavily in new products and technologies in China, and these advances are used world-wide in our operations in Poland, India, Argentina and now Brazil. We are committed to transferring our values to the communities selected to build our facilities, bringing social and economic growth and knowledge.” LiuGong plans to hire 80% of its workers locally.