LiuGong North America, a subsidiary of Guangxi LiuGong Machinery Co. LTD, posted record-breaking numbers for 2013, with a positive business outlook for 2014. LiuGong ended the year with a record-breaking December in North America, the company said.
The company attributes its growing market share in North America to dealer education of the product line, several key internal hires during 2013, including parts management, service management, marketing and the acquisition of Dressta North America.
“We combined three separate entities in 2013 — LiuGong Construction Equipment, Dressta North America and LiuGong Forklifts — all of which had not been profitable as separate entities,” said Marc Dowdell, president of LiuGong North America. “Through capitalizing on economies of scale, training of cross-functional teams, increased hiring of industry professionals, and an expanding dealer network, LiuGong North America was not only profitable for the year, but profitable for every quarter. It is an important step in our becoming a major OEM in North America as well as providing a return for stake holders. We continue to make capital investment in LGNA and our all-important dealer network — providing an expanded product line, floor-plan financing, and what we believe is the best complete dealer warranty in the market.”
LiuGong North America is based in Katy, Texas.