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Chinese firm XCMG partners with Schwing Stetter to set up $150-mn plant

The facility will manufacture construction and material handling machineries

Gireesh Babu  |  Chennai 

XCMG China, one of the leading construction machinery companies, has partnered with Schwing Stetter India, a leading concrete equipment manufacturing company, to set up a new facility in India. Schwing Stetter is part of XCMG group. The $150-million facility will manufacture construction and material handling machinery. Company officials said that the location is not yet identified but it will be in South India and Chennai got better chances due to its proximity. The company plans to export made-in-India products to the neighbouring countries from the new ...

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Chinese firm XCMG partners with Schwing Stetter to set up $150-mn plant

The facility will manufacture construction and material handling machineries

The facility will manufacture construction and material handling machinery XCMG China, one of the leading construction machinery companies, has partnered with Schwing Stetter India, a leading concrete equipment manufacturing company, to set up a new facility in India. Schwing Stetter is part of XCMG group. The $150-million facility will manufacture construction and material handling machinery. Company officials said that the location is not yet identified but it will be in South India and Chennai got better chances due to its proximity. The company plans to export made-in-India products to the neighbouring countries from the new ... image
Business Standard
177 22

Chinese firm XCMG partners with Schwing Stetter to set up $150-mn plant

The facility will manufacture construction and material handling machineries

XCMG China, one of the leading construction machinery companies, has partnered with Schwing Stetter India, a leading concrete equipment manufacturing company, to set up a new facility in India. Schwing Stetter is part of XCMG group. The $150-million facility will manufacture construction and material handling machinery. Company officials said that the location is not yet identified but it will be in South India and Chennai got better chances due to its proximity. The company plans to export made-in-India products to the neighbouring countries from the new ...

image
Business Standard
177 22