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LiuGong expands finance program to Europe


December 29, 2011
By Aggregates & Roadbuilding

Dec. 29, 2011 – LiuGong Machinery Co. is expanding its customer leasing and financing program to Europe after introducing it in North America earlier in 2011. Executives from both companies signed the agreement in Paris in mid-December.

Dec. 29, 2011 – LiuGong Machinery Co., a global construction equipment manufacturer, is expanding its customer leasing and financing program to Europe after introducing it in North America earlier in 2011, company executives recently announced. Executives from both companies signed the agreement at a conference in Paris in mid-December.

LiuGong has selected France-based BNP Paribas Lease Group S.A. as its financing partner.  The program will be administered by BNP Paribas Leasing Solutions. BNP offers such services as lease financing and outsourcing, and includes flexible and long-term leasing.  

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“When we announced the first phase of our global financing program in March, we knew we also wanted a strong partner in Europe,” said LiuGong vice-chairman and president Zeng Guang’an. 

The program allows LiuGong to provide high-quality financial leasing services that will give customers better flexibility and more diversified financial products. It helps LiuGong dealers manage their cash flow more effectively.