XCMG, a large Chinese equipment manufacturer, is reported to have taken an interest in investing in the Germany-based company Schwing.
Industry analysts say XCMG's interest in obtaining a stake in Schwing will help XCMG compete globally. Being associated with an established company also helps to deter some of the stigma many Chinese manufacturers have faced about the supposed poor quality of their products.
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Bergstrom announces it has been recognized as a 2012 Supplier of the Year by Chinese construction machinery manufacturer XCMG.
With the turmoil going on in the machinery markets over the past two years, there should have seen rapid consolidation between manufacturers. Manfredi takes a closer look at this trend.