Sonalika Group forms joint venture with Shandong Luyu Heavy Industry to enter China market

International Tractors (ITL), part of Sonalika Group, announced a joint venture with Shandong Luyu Heavy Industry Co. to produce tractors and engines in China, with a $10 million investment for a 50,000-unit capacity facility in phase 1.

“China market has huge potential for our range of tractors & with our association with Shandong Luyu , we are confident of offering farmers in China with best in class technology at competitive price point.”krishijagran.com

• 1 source
• krishijagran.comSonalika Enters China Market, Forms Joint Venture with Shandong Luyu Heavy IndustryAbha ToppoOct 22, 2019

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