On July 8^th, 2009 (Indian time), Guangxi Liugong Machinery Co., Ltd (LiuGong) held a ceremony to celebrate that the first overseas base was put into operation in Indore, India. This base will produce loaders in India, which set up a benchmark for LiuGong manufacturing overseas.

LiuGong manufacturing base was about 300 Mu. The base broke ground last year with total investment of nearly RMB200 million Yuan. During one year, LiuGong built up workshop, testing room, warehouse and worker dormitory. Currently there were more than 50 workers from India and China. It was expected that the first phase of the base could produce 3000 sets of loaders annually, which would be one of the largest foreign investment program in Indore.

Wang Xiaohua, the Chairman of the Board from LiuGong addressed on the opening ceremony that it spent one year for LiuGong to finish the establishment of new plant, leaving a record in Indian history of building plants. “During these years, LiuGong achieved splendid accomplishments on Indian market relying on the high quality and performance-price-ratio advantages of products. LiuGong 50 loaders occupied more than 70% of marketing share on Indian market. Through localized manufacturing, LiuGong reduced comprehensive cost and provided the Indian customers with products complying with the local demand, which consolidated the leading position of LiuGong on Indian loader market and erecting an example for building up international manufacturing.

As the first product off the assembly line of loaders in LiuGong’s new plant and was delivered to the customer, LiuGong’s new plant in India was officially put into operation.

Chief Minister of Indore, Director-General of State-Owned Assets Supervision and Management Commission of Guangxi Zhuang Autonomous Religion, Mayor of Liuzhou and hundreds of professionals in the field attended the ceremony. Chinese Embassy in India sent their congratulation letter. Local media reported the relevant news to praise that LiuGong would impel the industrial development of India.

It was reported that on July 7^th, LiuGong held the press release for the opening of new plant in Indore, on which journalists from Indian media as well as the branch agent of XInhua News Agency, People’s Daily took part in the release.

On the press release, Zeng Guang’an, the President of LiuGong answered the questions on the marketing view, investment background, Government cooperation relationship and the prospect of LiuGong business in India. Moreover, related managers from LiuGong (India) Co., Ltd. Including Chairman of the Board Wang Taiping, Executive Director & Project Manager Liang Weisen made detailed introduction of the business, plant situation and development mode as well as the impelling effect to the local economy.

About LiuGong

Founded in 1958, Guangxi Liugong Machinery Co., Ltd (LiuGong) is China’s leading construction equipment manufacturer and the first stock-listed company in domestic industry. Employing more than 6000 people and with 2006 revenues of 5.18 billion RMB, including 67.3 million USD from exports, LiuGong is the world’s second largest wheel loader manufacturer for annually outputting more than 20,000 units.