(Munich,
22
June 2016) The Wacker Neuson Group is planning to
open a new plant near Shanghai in China. Initially compact excavators
will be produced for the local market, further products will follow. It
is planned that the first compact excavator should roll off the
production line at the beginning of 2018.
Wacker Neuson further extends its production
capabilities in Asia and strengthens its local presence in China with
the construction of a new production plant in Pinghu about 30 km from
Shanghai. Cem
Peksaglam, the chief executive officer of Wacker Neuson SE signed the
corresponding contracts on site last Friday.
The decision arose from an extensive search for a
location. “We have finally decided for the Pinghu location in Zhejiang
Province, which best fulfills our requirements and the support of the
local authorities is outstanding”, according to Cem Peksaglam. “We are
continuing our strategy of internationalization with this step. In the
largest construction machine market in the world we underline our
commitment towards our Chinese customers and trading partners”,
Peksaglam further stated. The strategically favorable position between
the cities of Shanghai and Hangzhou as well as a good infrastructure are
key advantages of the new location. Manufacturing facilities, research
and development, quality management, logistics, service and training
will be located on approximately 135,000 m² of ground with approximately
30,000 m² of building space.
Construction is planned to start in
the fall of 2016, with completion slated by the end of 2017. Initially
the Chinese and later the Asian markets will be served with products
tailored to the local requirements.
The Wacker Neuson Group has sold construction equipment in China for
over 20 years. The product portfolio for the Chinese market was extended
in 2015 to include compact equipment. An increasing need for improved
infrastructure, the extension and modernization of the road and rail
network while trending towards more efficient and environmentally
friendly compact construction equipment offers attractive growth
opportunities for the Wacker Neuson Group. A stronger presence in the
country, including R&D and production will lay the groundwork to be part
of the future growth and improvements in the Asia-Pacific region.
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