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Dingli will increase its stake in MEC from 25% to 49.8%, then buy the remaining shares to take full ownership. The deal will enable MEC to expand its US facilities.
Indian rental company Mtandt has ordered 700 Dingli booms and scissor lifts in a multi-million dollar deal. Deliveries have started and are due to be completed by late 2023.
Dingli has broken ground on a new 240,000 square metre production plant for large boom lifts and scissor lifts, with an investment of CNY 2.2 billion ($315 million). The facility will have capacity to build 4,000 large platforms per year and is due to be completed by 2025.
| Site | Largest | Latest |
|---|---|---|
| China | $315.0M | 2022-02-01 |