# 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.

- Type: Partnership
- Announced: 2019-10-21
- Where: Laizhou Shahe Industrial Park, Shandong province, China
- Value: $10.0M
- Status: announced
- Capacity: 50,000 engines and tractors per year
- Products: tractors, engines for wheel loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [International Tractors](https://endata.com/companies/42832.md) (partner)
- [Shandong Luyu Heavy Industry Co.](https://endata.com/companies/42833.md) (partner)

## Sources

- [krishijagran.com](https://krishijagran.com/industry-news/sonalika-enters-china-market-forms-joint-venture-with-shandong-luyu-heavy-industry/), 2019-10-22: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.