LiuGong Machinery, during the opening ceremony of its first factory in Brazil, announced that it will invest $120 million in the country. The plant is located in Mogi Guatu - SP, a city located in the countryside, 180 km from Spo Paulo.

The project is covered by Investe Spo Paulo, promotion agency for investments linked to the Department of Economic Development, Science, Technology and Innovation for the State of Spo Paulo.

LiuGong expects to produce 1,500 units per year at the new facility. The investment will last three years, reflecting the evolution of business expectations in the country. The factory will deliver the best selling equipment in the Brazilian market, including wheel loaders and excavators. This will be LiuGong?s fourth factory outside China, where they are leaders in excavators and wheel loaders.