Liugong Group has transferred its 51% share of pile driving business Shanghai Jintai Engineering Machinery into one of the group’s manufacturing divisions, Guangxi Liugong Machinery.
The deal goes back to 2011 when LiuGong Group, parent company of LiuGong, signed a strategic cooperation agreement with Shanghai Jintai Engineering Machinery’s parent company, Shanghai Electric.
Jintai is a major piling machine manufacturer, specialising in underground hydraulic diaphragm wall grabs and rotary drilling rigs in China.
Jintai’s piling machinery consists of 16 series and more than 70 models, including rotary drilling rigs, engineering drilling rigs and multi-axis drilling machines.
