# 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.

- Type: New facility
- Announced: 2019-10-22
- Where: Laizhou, Shandong, China
- Value: $10.0M
- Status: announced
- Capacity: 50,000 units
- Products: tractors, engines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [International Tractors](https://endata.com/companies/42832.md)
- [Luyulika (Laizhou) Agri Machinery](https://endata.com/companies/42837.md)
- [Shandong Luyu Heavy Industry Co.](https://endata.com/companies/42833.md) (partner)

## Sources

- [assemblymag.com](https://www.assemblymag.com/articles/95269-international-tractors-establishes-joint-venture-to-open-plant-in-china), 2019-10-22: "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."

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