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In addition, there are many companies such as China Yituo Group, Xi'an Dagang, Yutong Heavy Industry and Shantui that caught up with Angola's Daji Group. For a time, Angola became the “star†of Chinese construction machinery exports.
According to relevant sources, at present, Chinese enterprises are still in the initial stage of investment in Africa, and the total investment is only about 1 billion US dollars. However, China-Africa cooperation in the field of mutual investment has broad prospects. China-Africa energy cooperation has adopted a mutually beneficial and win-win model. Chinese companies have signed a cooperation agreement with Angola to provide Angola with funds, technology and equipment that are urgently needed by the National Reconstruction Institute to develop local petroleum resources, while Angola uses resources to reimburse Chinese companies.
The investment in Africa’s large-scale infrastructure construction undoubtedly brings unlimited business opportunities to Chinese construction machinery to expand into the African market. The Chinese construction contractors participating in the construction will use most of the domestically-affordable equipment, and contracting with the project “to go to sea†will also It has become one of the main methods for the export of construction machinery from China to Africa.
China's construction machinery companies fully explore the African market
At the end of last year, Liugong held a grand shipping ceremony for the export of 356 Angola loaders and Excavators. The total amount of the contract reached more than 12 million U.S. dollars, and Liuliu Engineering has the history of taking the largest order from the export; Shanghai Huadong Construction Machinery Factory Co., Ltd. held the launch ceremony for the first batch of 20 concrete mixer trucks exported to Angola. This is the first batch of the company's order to export 56 mixer trucks to Angola. The remaining 36 trucks will be sent to Angola in succession; Zoomlion has signed a one-time $7 million export bill, including 79 tower cranes, 6 Taiwan 50t truck crane and 3 truck cranes, export destination is Angola. Among them, 10 tower cranes have been shipped and shipped on March 2, 2006.