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Chinese company LGMG (Lingong Machinery Group) inaugurated a new production plant in Marín, Nuevo León, Mexico, with an investment of $140 million. The facility will manufacture electric scissor lifts and articulated booms, and is expected to generate up to 7,000 new jobs.
LGMG and EACON have signed a strategic partnership to produce an additional 300 units of the jointly developed EL100 autonomous hybrid mining truck, building on a previous order of 102 units.
LGMG's new $140 million manufacturing plant in Monterrey, Mexico will begin producing boom and scissor lifts in the second half of 2023, starting with scissor lifts from 19 to 26 feet and 60- to 80-foot boom lifts.
| Site | Largest | Latest |
|---|---|---|
| Marín, Mexico | $140.0M | 2023-12-07 |
| Monterrey, Mexico | $140.0M | 2023-03-20 |