January 30, 2014, Katy, Texas – LiuGong North America closed
the year with a record-breaking month in December in the North American market.
This achievement brought about a record 4th quarter for the company making 2013
the most profitable year, with four consecutive profitable quarters, since
North American operations began in 2008.
January 30, 2014, Katy, Texas – LiuGong North America closed
the year with a record-breaking month in December in the North American market.
This achievement brought about a record 4th quarter for the company making 2013
the most profitable year, with four consecutive profitable quarters, since
North American operations began in 2008.
Going into 2014, LiuGong is maintaining a positive outlook
as they have received a record number of orders going into Q1 2014. LiuGong
North America attributes its growing market share growth to several aspects
including dealer education of the product line, several key internal new hires
during 2013, including parts management, service management, marketing and the
acquisition of Dressta North America.
“We combined three separate entities in 2013-LiuGong CE (Construction
Equipment); Dressta North America; and LiuGong FL (Forklifts) – all of which
had not been profitable as separate entities. Through capitalizing on economies
of scale, training of cross functional teams, increased hiring of industry
professionals, and an expanding dealer network, LiuGong North America was not
only profitable for the year, but profitable for every quarter,” stated Marc
Dowdell, president of LiuGong North America. “It is an important step in our
becoming a major OEM in North America as well as providing a return for stake
holders. We continue to make capital investment in LGNA and our all-important
dealer network—providing an expanded product line, floor plan financing, and
what we believe is the best complete machine warranty in the market.”
LiuGong North America plans on showing the construction
equipment industry exactly what they have to offer during CONEXPO-CON/AGG in
Las Vegas March 4th – 8th.
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