LiuGong has announced its Investment Agreement to build a new R&D and Manufacturing base in the northern city of Tianjin was finalized on 16 January."LiuGong North" is a critical element in the company's drive to attain total revenues of RMB 30 billion by 2012. The total investment will be about RMB 2 billion and will involve the construction of Wheel Loader and Bulldozer manufacturing facilities.

 

The new manufacturing base will be located in Tianjin and will be more than 280,000 m².

 

The company considers Tianjin an ideal geographic location and with favorable government policies, is perfectly suited for LiuGong's new facilities. Tianjin has a special economic zone, where manufacturing, bonded warehousing, logistics and distribution, science and technology, research and development, international trade and other functions are all highly integrated.