Wu Liang Ye of China Invests 1.3 Billion for Super Excavator

June 25, 2008  From www.cmbol.com

(June 25)--From the relevant department of Wu Liang Ye in China, Sichuan Yinbin Push Group Ltd. will make the investment of 1.3billion yuan and research and develop and also manufacture large hydraulic excavators, large-tonnage tracked cranes and large forklift trucks in Longquan. It is reported that this program will began in March, and complete all at the end of the year. The annual value of the whole program after it launches will reach 3.2 billion yuan. Meanwhile, the program will provides more than 1,500 jobs. The afternoon of the day before yesterday, Li Peiqi, president of Sichuan Yinbin Push Group Ltd. signed the investment agreement with Chengdu Economic Development Zone.

(Editor: Haijing Qu)