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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.
| Site | Largest | Latest |
|---|---|---|
| Laizhou, China | $10.0M | 2019-10-22 |