International Tractors and Shandong Luyu form JV for tractor plant in China

International Tractors Ltd. entered a joint venture with Shandong Luyu Heavy Industry to set up a tractor and engine assembly plant in China. The JV, named Luyulika (Laizhou) Agri Machinery Co. Ltd., will invest $10 million in phase 1 and have a capacity of 50,000 units.

“International Tractors Ltd. (ITL) anounced Monday that it has entered into a joint venture with Shandong Luyu Heavy Industry Co. Ltd. that will invest $10 million to set up an assembly plant in China for tractors and engines.”assemblymag.com

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• assemblymag.comInternational Tractors Establishes Joint Venture to Open Plant in China | ASSEMBLYBy: Austin WeberOct 22, 2019

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