DEUTZ and SANY announce that the joint venture agreement for shared engine production in China has come into effect
The agreement was signed back in September 2019 but was subject to the necessary approvals being granted by the relevant competition authorities. These were all granted at the end of the year.
As well as various off-highway applications, DEUTZ is also taking over the manufacture of heavy-truck engines for SANY as part of the joint venture. In the initial stage, the plan is to build around 75,000 new engines in 2022 at a new factory in Changsha, capital of the province of Hunan. Production is scheduled to start in 2021.
The province of Hunan supports the setting up of the joint venture and is contributing several tens of millions of US dollars in additional funding to the project.
"Establishment of the joint venture as part of our new China strategy is proceeding to plan,"explains Dr. Frank Hiller, Chairman of the DEUTZ Board of Management. "We are delighted to have SANY on board as our strong partner with which we can bring this important project to fruition. DEUTZ thus has extremely positive prospects for making full use of the still huge potential offered by the Chinese market."
As one of the latest models in the R2-Series excavator lineup, the Bobcat® E88 delivers durability, performance and quality for more productivity. Technically speaking, it's a compact machine, but it brings big performance with its redesigned engine and optimized lift performance, plus undercarriage and counterweight improvements. All these enhancements make this excavator one of the highest-performing models in its size class. With impressive over-the-side lift capacity, you can dig with greater confidence over the side of the machine. Put it to the test against similar models from other manufacturers. You'll see that the E88 can outwork the competition.