Liugong buys into mining truck market

Chinese company Liugong, best known as a major manufacturer of wheel loaders, has acquired a 42% share in mining truck manufacturer Beijing Capital Steel Heavy Duty Truck Co Ltd, a subsidiary of Beijing Capital Steel Mining Co. The deal is described as a strategic co-operation that will allow Liugong to add construction and mining trucks to its product portfolio. Liugong stated that it will participate in R&D activities, manufacture and sales of the trucks.

(more…)