Same Deutz-Fahr And Changlin sign an agreement for the Chinese market
14 October 2011
The agreement will be based in a participation of 50% by Same Deutz-Fahr and the another 50% by Changlin. It includes an initial investment of capital of 20 million euros, until a planned total of 60 million . The recently formed company, Shandong Changlin Deutz-Fahr Machinery, will manufacture and will commercialise, for the Chinese market, tractors in the rank of power between 25 to 110 CV under the mark SH Deutz-Fahr, and of 110 to 300 CV under the mark Deutz-Fahr.
“This joint venture has a strategic value in the plans of development and growth of our group because it will allow us penetrate effectively in the important and competitive Chinese market. The agricultural sector in China is showing a strong growth, with a high demand in mechanisation/mechanization based in innovative technologies that can make possible the sustentar the industrial development of the agricultural sector of the country. It pleases us that a so important company like Shandong Changlin Agricultural Equipment in China have chosen the work with us in the production of segments of average and high power. It is the recognition of the quality that possess our products that do that the Group Same Deutz-Fahr, thanks to the investments in investigation and development, gather the specific requests of each market” has declared Lodovico Bussolati, CEO of the company.