1st Global Customer Event in Liuzhou

LiuGong Held First Global Customer Event in Liuzhou, Building Successful Business together with Customers – 22 November 2019
November 20,2019 – Liuzhou, China – Today, LiuGong held it’s 1st Global Customer Day in Liuzhou with the theme of “Building Our Business Together”. In this 2-day event, more than 300 guests, customers, key accounts and dealers from 41 countries gathered together to learn more about LiuGong. It also provides a bi-communicational platform where LiuGong can hear customers’ voice and customers can share their experiences with LiuGong.

Mr. Huang Haibo, President of Guangxi Liugong Machinery Co., Ltd., made a keynote speech at the conference. With more than 60 years of experience and independent technological innovation, LiuGong has successfully introduced its products and services to more than 140 countries and regions around the world and it has strived to build a respectable and competitive CE brand globally. He said: “Throughout our internationalization, LiuGong has built integrated, localized R&D, sourcing, manufacturing, sales, parts, service, direct sales and financing & leasing support system globally and it is time for us to bring these globalization efforts to a higher level and a wider stage.”

 

LiuGong President Mr. Huang Haibo

When talking about the future, he stressed that LiuGong would fully implement its “total intelligent” strategy and focus on machine innovation and upgrading; prepare for the intellectualization and electrification of the CE industry; meanwhile, he promised to provide more value-added services to customers in the aftermarket areas such as technical service support, distribution logistics and timely and effective delivery of parts. “By seizing the opportunity of industrial transformation, LiuGong aims to move forward together with our customers. LiuGong will also pay attention to the value demands of all relevant parties to maintain the healthy and sustainable development of the company.”

Mr. Luo Guobing, Vice President of LiuGong and General Manager of LiuGong Overseas Sales and Marketing Division, also addressed the conference. “The improvement of our products and technologies are driven by customers and the valuable feedback they give us.”

 

LiuGong Vice President Mr. Luo Guobing

And as a strong proof, LiuGong launched 62 new products in 12 product lines in 2019, which include Stage V wheel loaders, F-series excavators, and special application machines.

More importantly, LiuGong’s new products are not only model upgrades, but also include many technology innovations and enhancements. In September, at the 2019 Beijing BICES, LiuGong debuted the first commercial usage 5G remote controlled intelligent shoveling wheel loader, battery electric wheel loaders and excavators and an unmanned drive roller.

LiuGong also invested heavily in the aftersales service and parts, training, and financing support to help our customers continuously cut down their costs and create more value resulting in 51 new dealers having joined the LiuGong family in 2019. And dealers opened over 100 new branches to provide close service to customers. Now that no matter where you are, from iron mines in frigid Mongolia or the manganese ore mines in hot Africa; from the deserts of Saudi Arabia to remote construction sites along the OBOR, we all find LiuGong machines.

 

Customers Visiting LiuGong Outdoor Machine Demonstration during the Event

For the year 2020, Luo Guobing said continuously improving customers’ satisfaction would still be LiuGong’s main approach to making our overseas ambitions a reality: “On customer side, they want to have reliable products, efficient solutions, a full-care support system and low TCO to make their business successful, these demands drive the change of our industry. We are making efforts to satisfy customer demands and improve competitiveness through our product mix, R&D, IOT (Internet of Things), intelligent support, big data analysis and so on.”

As another important part of the Customer Day, the customers enjoyed an in depth look at LiuGong’s manufacturing and R&D facilities along with a display of its full line of equipment.

A total of 92 machines covering every major application: infrastructure construction, mining, quarry and aggregates, road and highways, materials handling, lifting, utilities and landscaping and agriculture and forestry, alongside its NEW BEVs, 5G remote controlled intelligent shoveling wheel loader and unmanned drive rollers were presented to customers.

 

LiuGong Displayed Full Line Equipment in Customer Day

For the future, by providing customers with excellent products and services that meet with their needs and can do any job, anywhere, LiuGong is committed to building a successfully business with its customers.

 

Please download more photos from the link below:

https://we.tl/t-v2ViOmpr26

Vision 2020: LiuGong Europe held 2019 European Dealer Conference in Poland

November 16, 2019 – Stalowa Wola, Poland

During 14-16 November, LiuGong Europe held 2019 European Dealer Conference in Poland, where its headquartered for European operations, with the theme of “Vision 2020”. A total of 100+ attendees from more than 25 countries, comprising of LiuGong Europe dealers, leaders from industry associations, partners, government officials and LiuGong leaders & employees gathered together to celebrate the achievements in the last year and share the vision for 2020 and beyond for the future development. 

Zeng Guang’an, Chairman of LiuGong Group, stated in his opening address; “We are a global company but keeping it local is a key factor for our business. This event is very important for me, because it gives me the opportunity to meet with you and talk with you in the heart of your own markets. As you all know, we have significantly increased our investment in research & development, quality improvement, science and innovation. We are committed to designing in Europe, manufacturing in Europe and supporting our machines from Europe. But above all, we are committed to supporting our European business partners to enjoy success by growing a sustainable and profitable business, built on the highest levels of customer satisfaction. During the next 2 days, you will see clear evidence of this innovation in action. The theme for this event is Vision 2020, supporting our ambitious strategic vision for 2025.”  

In his commencement speech, Chairman of LiuGong Europe, Howard Dale presented in-depth view to Vision 2020 and mentioned; “VISION 2020 is about 2 big commitments. Firstly, it’s about delivering on our investment plan and secondly, it’s about accelerating our business so that, together with our dealers, we can capitalize on market opportunities. LiuGong has serious global ambitions and we are committed to succeeding in Europe. Key to this has been our 5-point investment plan that was formed to help us realize our growth objectives in Europe & to provide the highest levels of customer satisfaction and support. Our investments target manufacturing, sales and parts distribution, European headquarters, People and crucially, R&D. To date, we have made significant investments in these five areas. Quite simply, because we are serious about being a successful and long-term player here in Europe. Vision 2020 is about getting things done. It’s about helping to create the organization, the support and the investment to help us all deliver sustainable customer satisfaction. I am delighted to announce that we will be accelerating our sales efforts in France and Germany. We are also investing in remarketing by reconditioning LiuGong trade-ins to provide an attractive, sensibly priced, factory approved quality used machines. In addition, to help our dealers win in every application, we are also entering new segments with compact excavators, forestry wheel loader and demolition excavators. This segment focus will provide our network with increased potential and provide customers with products that achieve more work for less investment. We have further invested to extend parts coverage and to increase instant availability from 78 to 92%. This is Vision 2020 in action. At LiuGong, we create innovation, we don’t copy it. We already have our own award-winning Industrial design studio in Stoke, where the team recently celebrated a coveted Red Dot Award for our 4180D Grader. Now, we are in the process of building a New UK R&D Centre for Excavators. This investment will ensure that we continue to anticipate the needs of markets & customers throughout Europe. We are designing and manufacturing our products in Europe. We are testing them in Europe to European standards. We are supporting them from Europe. In fact, for a Chinese brand, we have a distinctly European flavour. This is no accident. We have a European flavour because we are listening to our network and our customers & working hard to be the company, that our customers and dealers want us to be.”

As part of the event, LiuGong Europe has officially opened the New European Training Centre in line with Vision 2020. This new training centre will provide tailored training programs on LiuGong products for the dealer network.

“Opticians define 2020 vision as being able to see forward with perfect clarity” stated Hakan Ilhan, Vice President of LiuGong Europe. He further added, “Our joint success together with our dealers rely on our ability to add real value to our customers. That’s why at this event, we’ve brought in industry experts to give us an in-depth understanding on how our customers` needs are changing. We have our own LiuGong experts here too, who will be demonstrating how we are proactively meeting these changes with our latest innovations in R&D and other functions. Plus, we will be demonstrating our customer focused approach to key construction segments. Improving the sales organization will bring us closer to our customers but we plan to go even further to deliver a tough machine for every application.”

During the conference briefing sessions, there were distinguished guest speakers from world`s leading industry partners including Off-Highway Research, Tierra Telematics and Mascus where the guest speakers gave further insight on the industry developments and their partnership with LiuGong. The sessions also included LiuGong`s experts who have delivered presentations on various customer working applications such as forestry, demolition, mining & quarry and LiuGong Europe`s functional leaders who have addressed the audience about the achievements and further plans for the road ahead to achieve Vision 2020 commitments. 

LiuGong Presents New Energy and New Technology at BICES

September 4, 2019 – Beijing, China – In the rapidly progressing, Forth Industrial Revolution, represented by new energy, new technology and new materials, the technical breakthroughs are fast coming, accelerating the transformation and upgrading of China’s manufacturing industry along with how we live and work.

At BICES 2019 in Beijing, LiuGong presents its new battery electric vehicles (BEVs) as well as remote controlled intelligent wheel loaders based on 5G technology to the audiences.

 

Work Powerful. LiuGong Debuts its Battery Electric Vehicles

As a high efficiency, low cost, clean and renewable energy, electric energy will inevitably replace fossil oils in the future, promoting the rapid development of global electrification. As a result, battery technologies have developed fast in terms of more energy and less cost, laying a solid foundation for the electrification of construction machinery.

At BICES 2019, LiuGong is showing 3 battery electric vehicles (BEVs), including 2 excavators 906E-EV and 922F-EV as well as LiuGong’s star wheel loader, the 856H-EV.

“The total operating cost of a battery powered earthmover is or soon will be, depending on the exact vehicle design and customer application, lower than that of a diesel-powered machine” stated Mr. Edward Wagner, Executive Director of LiuGong New Technology.

LiuGong’s new BEVs are designed for the new electric economy. They utilize a state-of- art, but well proven, Lithium-ion battery systems for energy storage. That power is directed into super high efficiency permanent magnet electric motors to create the motion necessary to drive the machines. The machines mechanical and hydraulic systems have been optimized for high efficiency: a typical BEV will have peak power output that is 2x a conventional diesel power machine. This enables the battery electric earthmovers to accelerate faster and perform more coordinated movements. The movements will also be more precise given the full electronic vehicle control. More powerful, quicker and more precise all add up to more productivity, which is raised more than 10% compared to that of a diesel machine.

Different from diesel-energy equipment, batteries are designed to last the full life of the machine. Also, the burdensome daily maintenance and regular service of the diesel engine are eliminated since the battery system and electric motor systems require zero maintenance over the life of the vehicle. Both save time, materials and money.

The first generation of LiuGong’s BEVs’ batteries are equipped with fast charging technology and innovative energy-saving technologies, which only need one hour to charge the battery 80% to full and can maintain longer working hours. The customer simply plugs the vehicle into the charger and walks away to go do other work. When the machine is ready, they un-plug and go to work. The entire process is vastly cleaner than refueling a diesel machine.

“We are committed to creating more value for our customers. And that is why LiuGong will never stop independent innovation.” said Mr. Zeng Guang’an, Chairman of LiuGong Group, at the launch ceremony for LiuGong’s BEVs.

The LiuGong’s 906E-EV excavator is an example of how quickly and easily a diesel machine can be converted to battery electric. This machine utilizes most all of the diesel excavator’s hydraulic system allowing for a very rapid R&D time for conversion. It is equipped a battery that is large enough for full working day run time. Although it is a simple conversion, it is still a powerful, energy-saving and green new energy machine.

The striking new 922F-EV excavator is purely driven by electric power. The large battery pack is located centrally in the rear for optimum mass balance. The electric motor and hydraulic system have been optimally packaged to maximize operator visibility. The result is industry leading operator visibility which will further enhance performance and efficiency. The visibility improvement to the operator’s right-hand side is especially improved well beyond any competitors machine.

A feature of the new 856H-EV is a pure electric driveline with regeneration. This improves operating performance and reduces the energy consumption. The hydraulic system is electrically driven while using proven off the shelf components. Performance is incredible given the 300+kW peak power capability. The very large battery pack is located in the rear of the machine to replace the conventional counterweight. The overall vehicle layout and packaging yields operator visibility that is superior to today’s diesel wheel loader.

All three machines are designed using a new platform strategy. This means a very high degree of commonality of parts and systems across all of LiuGong’s new energy machines. This simplification of parts will further lower the total cost of ownership.

The customer who chooses the LiuGong family of new energy machines will be buying into a comprehensive new energy “ecosystem” that will minimize their cost of transition to electric machines. Part of this ecosystem is the charging. This “one stop shop” will solve all concerns of the customers.

 

Work Smart. LiuGong Launches New Remote-Control Intelligent Wheel Loader

With the rapid development of internet and intelligent technology, the industry is not only facing opportunities but challenges as well. To this end, LiuGong introduced the company’s first intelligent shovel remote control wheel loader at its 60th anniversary celebration last year. At BICES, LiuGong presents its new 5G-based remote-control intelligent wheel loader, co-developed and supported by China Telecom and Huawei technology.

According to Mr. Cai Dengsheng, Deputy Chief Engineer of LiuGong’s Intelligent Technology Institution, the model can be remotely controlled from over 2000 km away, compared to 2 km of last year, realizing real-time response and accurate control through the 5G network.

5G network is the most advanced network communication technology in the world with only 30 millisecond data transition from Beijing to Liuzhou. Meanwhile, the transmission quality or stability are not influenced by either a complex environment or long transition time. It is the best technical solution for timely, efficient and high-quality transmissions of large amounts of data. It provides a high-quality network environment and network technology support for LiuGong’s remote control driving research and provides strong support for the combination of edge calculation and cloud computing in intelligent control under remote control conditions. As one of the few Chinese construction machinery companies that has mastered the 5G technology, LiuGong is expected to realize remote-control driving from even longer distances under this platform.

In addition, LiuGong’s intelligent shoveling wheel loader can sense material penetration; has one bottom loading and dumping, along with bucket auto leveling and controllable placement of the bucket and features intelligent throttle control system.

LiuGong’s intelligent remote-control loader will change the working experience, the operator does not need to sit in the cab, they can stay in comfortable environment and use the remote control. The job can be done automatically by the intelligent system, while the operator only needs to press one button.

Under remote-control driving mode, all operations can be observed from the videos that are sent back by the machines’ cameras. It also applies the intelligent protection technology to realize automatic identification and auto emergency stop.

As a result, the machine can not only be used in its normal applications, but also can be widely used in dangerous and unsafe environments such as rescue and disaster relief, odorous or radiation environments.

At BICES 2019, visitors can have a close look at both LiuGong’s new BEVs and its intelligent wheel loaders and experience the new technology by themselves.

2 silver medals for Tomasz Bilut during the 8th World Traditional Kung Fu Championship

In 14-18 June 2019, city of Emeishan, located in Sichuan province in China, hosted the 8th World Traditional Kung Fu Championship. Our employee, Tomasz Bilut, was part of the Polish team and had the great honor to represent Poland at one of the world`s most important Kung Fu championships.
 
 

More than 1500 athletes from 56 countries competed in the tournament over the course of 5 days, performing on the highest level. Polish team consisted of 11 members at different categories and noted great performance & brought back 10 medals from which 2 silver medals belongs to Tomasz Bilut (here in red jersey in the photos). Tomasz has been practicing Chinese Martial arts for over 20 years and has been member of Polish National Team since 2010. During his career, he repeatedly stood on the podium of many prestigious championships including Polish, European & World Championships and previously won the title of European Champion.

LiuGong and Valvoline Establish Strategic Global Alliance

Houston, Texas – 12 July 2019 – Guangxi LiuGong Machinery announced today that LiuGong and Valvoline Inc. signed an MOU (Memorandum of Understanding) for a strategic global alliance for lubricants. Under the alliance, Valvoline will become the preferred provider of lubricants for markets outside of China.

Mr. Zeng Guang’an, Chairman of Guangxi Liugong Group and Guangxi Liugong Machinery, and Kevin Thieneman, LiuGong vice president of strategy and aftermarket, were present at the signing ceremony held in Houston, Texas. “Today’s announcement with industry leader Valvoline is another step in our mission to provide complete solutions to our customers,” said Zeng. “And Valvoline is the perfect partner to help us realize this long-term ambition.”

“Construction equipment customers consistently tell us that they want the lowest total cost of ownership. LiuGong already offers a very competitive machine acquisition cost. The Valvoline partnership enhances the ability of LiuGong and our dealers to keep machines running as well as extend the useful life,” said Mr. Thieneman.

“We’ve established a strong relationship with LiuGong in many markets.  We are looking forward to expanding this relationship and delivering solutions to LiuGong and their customers as they further expand their business globally,” said Mr. Craig Moughler, Valvoline Senior Vice President of Product Supply and OEM.

LiuGong digs deep to win the Best Operator award at Plantworx 2019

LiuGong Direct (UK), first international direct retail operations of the company, made its debut to the market at Plantworx. Plantworx is UK`s leading live showcase event with dynamic machine demonstrations. Operators who command and control the machines of the exhibitors make all the difference in brands` representations.

In 2019 edition of the show, Alister Morton operating our 25 tonner 924E excavator fitted with Engcon tilt rotator, was awarded with the Best Operator at Plantworx 2019 prize granted by UK Plant Operators.

As LiuGong Direct (UK) team, we are very pleased and proud to have won this award and we congratulate and thank Alister for all his efforts that made this possible! Special thanks to #Plantworx #UKPlantOperators

LiuGong Direct UK makes its debut at Plantworx 2019

June 12, 2019 – Peterborough, UK – LiuGong Direct (UK) makes its debut to the market at Plantworx from June 11 to 13. LiuGong recently announced completion for the acquisition of Portsmouth based Construction Plant & Machinery Sales (southeast) Limited (CPMS), who served as the sole dealer for the UK. In doing so, LiuGong established its first international retail operation. The new entity, LiuGong Machinery (UK) Ltd., will trade as LiuGong Direct (UK) and is now a wholly owned foreign entity of LiuGong.

Taking place amidst Brexit and the uncertainty surrounding its conclusion, LiuGong’s investment underscores its commitment to the UK and to the construction equipment industry.

 CPMS has laid a strong foundation for LiuGong and made an impact not only in the traditional earthmoving sector but also in demolition, recycling, and plant rental sectors in what is Europe`s largest construction equipment market. “The UK is an essential market for us and we have an outstanding management team in place at LiuGong Direct (UK) who are true retail professionals. With this new venture, we will broaden the national coverage, invest in people, processes and facilities. The first highlight in our new chapter is Plantworx 2019. This week, we are looking forward to gaining feedback from customers about our products and support. Listening to our customers help us shape our future products and services,” said Howard Dale, Chairman of LiuGong Europe.

LiuGong is showcasing a seven-machine line up of tough equipment designed for the world’s harshest conditions. The 915E, 924E, 928E, 933E crawler excavators, already proven in the UK, team up with three new models. The 877H wheel loader, 950E 30-meter high-reach demolition excavator and the 909ECR mini excavator; all demonstrate LiuGong`s collaboration with customers to deliver machines with features tailored for mining, aggregates, demolition, material handling, utilities, landscaping and road & highway.

LiuGong Direct (UK) has five-branches located in Portsmouth, Kent, Cambridge, London & Manchester and plans to open two new branches in Birmingham & Bristol to strengthen nationwide coverage. Further investments are underway to increase capacity at its spare parts distribution center in Portsmouth. Now a member of much larger group, for customers, this means greater financial stability, direct support from the manufacturer, a broader range of machines to fulfill their needs — all leading to enhanced residual values for machines.

Steven Ford, Operations Director of LiuGong Machinery (UK) Ltd., commented: “We have had a great response from our customers as to LiuGong`s investment here in the UK and we are confident that the backing of the manufacturer in retail distribution will mean we can meet and exceed customers’ expectations. LiuGong’s product evolution has been exponential in the last 10-

years. In 2018 alone, LiuGong invested more than $83 million into its R&D program. Many of the product design concepts originate here in the UK at LiuGong’s Industrial design center, located in Stoke. The quality of our products, together with our industrial design, is now globally recognized. With production of seven excavator and wheel loader models in its plant in Poland, LiuGong can supply more machines at shorter delivery times with a long-term approach to manufacturing in Europe and with our new direct retail operation in the UK, we will continue to deliver high-quality products designed to benefit our customers.”

LiuGong finalized share purchase agreement for Construction Plant & Machinery Sales (southeast) Limited, Portsmouth, UK

May 24, 2019 – Portsmouth, UK – Guangxi LiuGong Machinery announced that it has completed its share purchase of Portsmouth based Construction Plant & Machinery Sales (southeast) Limited (CPMS), who serve as LiuGong’s exclusive dealership for England, Wales and Scotland. In doing so, it establishes LiuGong’s first international retail operation.

LiuGong’s European headquarters in Warsaw, Poland, will assume responsibility for the UK based direct sales operation.

The former shareholders of CPMS will remain as directors of the business, ensuring customers a seamless business transition.

The new entity is a now a wholly owned foreign entity of LiuGong and the new trading name is LiuGong Machinery (UK) Ltd.

LiuGong plans to continue its investment to not only broaden the national coverage but to invest in people and processes to support the growth objectives in Europe’s largest construction equipment market.

“The UK is an important market for us. CPMS has laid a strong foundation for LiuGong to make an impact not only in the traditional earthmoving market but also in demolition, recycling and plant rental sectors. We have an outstanding management team in place at CPMS who are true retail professionals and highly experienced in the UK construction equipment market.” Howard Dale, Chairman of LiuGong Dressta stated.

Brain Prescott, CPMS managing director, commented: “We are really pleased to have LiuGong onboard. The new entity will be part of a much larger group & for our customers, this means greater financial stability, direct support from the manufacturer, a larger range of machines to fulfill our customers’ needs, as well as greater national coverage and support resources. In addition, this move will enhance resale values as the population of LiuGong machines grow.”

The move is a clear indication that LiuGong is intent on continuing its long-term strategic plans to grow and strengthen its distribution channel in the UK & Europe.

Kris Kulkarni Joins LiuGong as VP of Global Mining

Liuzhou, China – 6 May 2019 – Today, LiuGong Machinery is pleased to announce Kris Kulkarni has joined LiuGong North America as Vice President, Global Mining.

Mr. Kulkarni began his professional career at Caterpillar in 1996 in structures and steadily progressed in engineering roles across diverse mining products including large wheel loaders, mining trucks, surface drills, and hydraulic shovels. He earned his bachelor’s degree from the prestigious Indian Institute of Technology, a master’s from the University of Ottawa, and a Ph.D. from Northwestern University. 

LiuGong has an emerging portfolio of mining products, including trucks, large tonnage wheel loaders, excavators and bulldozers. Kris is exceptionally well qualified to help lead the transformation of this mining product line to world-class levels.

On the appointment, LiuGong vice president of strategy & aftersales and chairman of LiuGong North America, Kevin Thieneman, said “Kris’ extensive background and knowledge of the mining industry brings an exciting new dynamic to our company. As LiuGong is committed to expanding not only product its the current lineup of mining machines but its overall understanding of these highly specialized customers, Kris will be an invaluable part of that growth.”

“I am excited to have the opportunity to join an organization so focused on customers and employees” stated Mr. Kulkarni. “LiuGong has a rich 60-year history, and an inspiring vision for its future. I look forward to helping write the next chapter as we broaden the portfolio by designing and manufacturing machines in a larger size class which offer our customers the lowest total cost of ownership.”

LiuGong and UOB renew MOU to machinery financing in Southeast Asia

Singapore, May 13, 2019 – Guangxi LiuGong Machinery Co., Ltd (LiuGong) and United Overseas Bank Limited (UOB) has renewed their Memorandum of Understanding (MOU) to facilitate machinery financing for LiuGong’s customers as it expands its business across Southeast Asia.

LiuGong and UOB have been collaborating since July 2018 to extend machinery financing solutions for LiuGong’s vendors and customers in the region. Under the terms of the new MOU, UOB will develop an end buyer financing credit framework and offer asset financing and hire purchase or lease financing to LiuGong’s customers in Indonesia and Thailand. The Bank will also provide LiuGong’s supply chain with other financial solutions such as cash management, trade finance, working capital loans and hedging facilities.  The financing support for LiuGong’s customers will help the company drive the export of its construction equipment to the region, thereby growing its revenue.

 

Mr. Zeng Guang’an, Chairman of LiuGong Group, said of the MOU, “LiuGong is excited to continue its partnership with UOB. As LiuGong continues to expand our overseas business, one of our key goals is to provide customers with complete solutions beyond our machinery and financing is a large part of these offerings. UOB gives us this opportunity in Southeast Asia.”

Mr Chen Hao, President of LiuGong Machinery Asia Pacific Pte Ltd, commented, “The consumption rate for LiuGong’s machinery in South East Asia has been strong. For LiuGong, we are constantly listening to our customers and providing what they need, offering reliable machines with excellent after sales services. Our customers told us that they require machinery financing assistance, we are happy to work with UOB to tailor made financing plans to them thus providing a total solution for them.”

Mr. Ronny Chng, Head of Corporate Banking Overseas, UOB, said, “UOB is committed to providing integrated financial solutions that help companies optimise their business operations and expand across borders. Our unrivalled regional network connectivity, deep market insights, industry knowledge and strong expertise in supply chain financing enable us to support LiuGong as it expands its distribution network and increases its market share in Southeast Asia. We hope to work with more manufacturers from China to facilitate their growth plans in the region.”

The MOU was signed at the New International Land-Sea Trade Corridor Introduction and Marketing Conference organised by the People’s Government of Guangxi Zhuang Autonomous Region. The signing was witnessed by Chinese Communist Party Secretary of Guangxi Zhuang Autonomous Region Lu Xinshe and Mr Wee Ee Cheong, Deputy Chairman and CEO, UOB.

About LiuGong

For 60 years, LiuGong Machinery Corporation has been a leader in China’s construction equipment manufacturing industry. From building its first modern wheel loader, LiuGong has evolved to become one of the fastest growing, global, CE companies in the world offering a full line of extreme duty, intuitive machines for construction equipment owners constantly challenged to do more with less. LiuGong delivers the opportunity to its employees, quality products and services to its customers, financial success to its investors, and community support in the regions it serves.

LiuGong was proud to celebrate its 60th anniversary in 2018. The company started with the arrival of 500 workers in the provincial city of Liuzhou in 1958. Today, LiuGong is a global success story with 19 product lines, 20 manufacturing facilities, over 9,500 employees, and 300+ dealers in more than 100 countries, offering customers the tough equipment they need to get any job done, anywhere. All with local support.

About United Overseas Bank

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. UOB is rated among the world’s top banks: Aa1 by Moody’s and AA- by both Standard & Poor’s and Fitch Ratings. In Asia, UOB operates through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and representative offices across the region.

Over more than eight decades, generations of UOB employees have carried through the entrepreneurial spirit, the focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues.

We believe in being a responsible financial services provider and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and to grow their businesses, UOB is steadfast in our support of social development, particularly in the areas of art, children and education