April 9, 2015
LiuGong Machinery, a major Chinese maker of heavy construction equipment, said it will invest around US$38 million in manufacturing in Brazil.
The announcement was made during the opening ceremony of its first factory in Brazil, in the city of Mogi Guaçu, around 180km from São Paulo.
LiuGong expects to produce 1,500 wheel loaders and excavators annually at the facility in the first three years of operation.