China outbound

China's industrial champions are potential world-beaters

Not to be confused with its low-cost consumer goods makers, China's industrial goods firms are successfully competing with the world's best. And some are already winning.
<div style="text-align: left;">
Liang Wengen and Karl Schlecht at a press conference in Changsha (AFP)
</div>
<div style="text-align: left;"> Liang Wengen and Karl Schlecht at a press conference in Changsha (AFP) </div>

Sany Heavy Industry’s 500 million $660 million acquisition of Putzmeister, announced at the end of January, could be a sign of things to come.

It was unthinkable just a few years ago that one of Germany’s traditional industrial champions could end up in Chinese hands, but the crisis in the eurozone is hurting German exporters and creating buying opportunities for China’s manufacturers.

Putzmeister is a truly world-class company. Founded by Karl Schlect in 1958, it has spent the past five decades focusing on just one thing making the best concrete pumps in the world. And it has succeeded. When it comes to shifting concrete, Putzmeister which means...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222