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International construction machinery giants increase China's investment chips

International Construction Machinery giants increase China's investment chips

China Construction machinery information

Guide: affected by the world environment, the domestic economy began to slow down, especially from the beginning of 2011 to the second quarter of 2012 for six consecutive quarters. Nevertheless, many international construction machinery brands are still optimistic about the Chinese market, and even have increased their chips in competition in China. This seems to imply that China

affected by the global environment, the domestic economy began to slow down, especially from the beginning of 2011 to the second quarter of 2012 for six consecutive quarters. Nevertheless, many international construction machinery brands are still optimistic about the Chinese market, and even have increased their "chips" in competition in China. This seems to imply that the "oil and water" in China's construction machinery market is still large

however, different from the cautious and conservative attitude of domestic enterprises, foreign internal combustion engine giants have increased investment in China. Only from the participation of the 11th China International internal combustion engine and parts exhibition 2012, it is reported that Gaz, Russia's largest internal combustion engine manufacturer, will bring a number of high-tech and high-performance internal combustion engine products to this internal combustion engine exhibition. Navistar, which has gained a lot in the Chinese market, has also expanded its booth area by nearly one-third compared with previous years, and will display the latest internal combustion engine products; Carpenter, an American internal combustion engine technology giant, also increased its investment in this exhibition. In addition, international internal combustion engine enterprises such as Honda, Isuzu, Ishikawa island in Japan, Daewoo in South Korea and weir in Britain generally expanded their investment in this exhibition compared with the current EU regulations on plastic materials and products in contact with food

American caterpillar: contrarian growth or planning the Chinese market with great concentration

just last month, American caterpillar released its second quarter sales performance report. The data showed that in the second quarter of 2012, Caterpillar's earnings per share were $2.54, a record high, up 67% from $1.52 in the second quarter of 2011. Total sales and revenue reached US $17.374 billion, a record high, with a year-on-year increase of 22% to US $14.23 billion in the second quarter of 2011. The profit in the second quarter reached US $1.699 billion, up 67% from US $1.015 billion in the second quarter of 2011. It can be seen that instead of being affected by the market, Caterpillar's sales data rose sharply

in the words of Douglas oberhaman, chairman and CEO of caterpillar, "despite the weak performance of the U.S. construction industry, far below the peak performance, the difficulties in the euro zone, and the worrying Chinese economy, caterpillar achieved success in 2012."

compared with the overall strong trend of the global market, the situation in the Chinese market is just the opposite. Although caterpillar's China business achieved rapid growth in the first half of last year, it began to slow down gradually thereafter. The performance in the first two quarters of this year also slowed down compared with the same period last year. However, if you are careful, you will find that recently, American caterpillar has made increasingly frequent moves in China, from establishing a joint venture factory in Suzhou with Yuchai to senior executives visiting Xuzhou. In June, Caterpillar also visited AVIC Liyuan Hydraulic company. It is revealed that the two sides will build a joint venture and discuss the progress of production preparation of Lirui Hydraulic Co., Ltd. An article pointed out: "caterpillar is looking for a blue ocean for the sustainable growth of the industry in China." All signs show that caterpillar is still confident in the Chinese market. As far as the future development in China is concerned, this action is a farsighted move and has not been seen

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