LiuGong Machinery, the leading global China-based heavy construction equipment manufacturer, continues its juggernaut-like growth, posting record sales, profits and export volumes during the first half of 2010, company officials reported. It set a sales record of $1.2 billion through June, a 63.5% increase from the same period last year.
LiuGong’s net profits were $137.8 million on $165 million gross profits. This represents a 148% increase on the same period last year . The company sold 2,220 machines through export, a 39% increase over the first half of 2009. LiuGong sold 27,908 units domestically – a 60% increase over 2009. Wheel loaders, excavators, cranes and forklifts comprised the top product volumes sold.
LiuGong is headquartered in Guangxi, China and offers a full line of construction equipment to the global market. It is the world’s largest manufacturer of wheel loaders; a ranking the company attained in 2009. LiuGong has twelve product lines. Wheel loaders, excavators, rollers, motor graders, bulldozers, loader backhoes, skid steer loaders, mini excavators, forklifts, pavers and cold planners are available globally. LiuGong regularly launches new products into worldwide markets through continued growth in its full product line offering. In the past year, top selling products for LiuGong have included wheel loaders and excavators.
