Guangxi LiuGong Machinery

LiuGong India, a subsidiary of Guangxi LiuGong Machinery, announced an additional investment of US$5 million to enhance production capacity at its factory in Pithampur, India. The company's manpower is likely to increase by 40% over the next 2-3 years.

Guangxi Liugong Machinery Co., Ltd. announced a 546M RMB ($85.24M) acquisition of 51% shares in Shanghai Jintai Engineering Machinery Co., Ltd. from Guangxi Liugong Group Corp., adding piling machinery to its product portfolio.

Liugong Dressta Machinery opened a new R&D center, regional spare parts distribution center, and a new production line for excavators and loaders at its Stalowa Wola plant. The investment was approximately $100 million.