Chinese construction equipment manufacturer Liugong posted a net profit of $137.8 million for the first half of 2010, a 148-percent year-over-year increase, the company reported. Domestic sales jumped 60 percent, with a 39-percent increase in exports, compared with the same period of 2009.
Overall product sales leapt 63.5 percent year over year. The company reported double- or triple-digit growth in several product lines, with forklifts soaring 125 percent, excavators 105 percent and cranes 75 percent.
Liugong claims to have become the world’s largest manufacturer of wheel loaders, increasing sales in that category by 43 percent.
Based in Guangxi, China, Liugong’s goal is to become one of the world’s 10 largest equipment manufacturers by 2015. The company sells equipment in every continent and has more than 100 dealers and nearly 900 outlets, it says.
