Telehandler manufacturer Wacker Neuson is planning to open a new plant near Shanghai in China. Initially compact excavators will be produced for the local market, with other products to follow.
The new production plant will be based in Pinghu, about 30km from Shanghai. Cem Peksaglam, chief executive officer of Wacker Neuson SE, said it followed an extensive search for a location. “We have finally decided for the Pinghu location in Zhejiang Province, which best fulfils our requirements and the support of the local authorities is outstanding,”
Mr Peksaglam continues. “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.”
The manufacturing, research and development, quality management, logistics, service and training facilities will be located on 135,000 m² of land with about 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.