LiuGong’s proportion of overseas income increased to 35% in 2015.

Last year also saw LiuGong maintain its position as a leading exporter of loaders, skid steer loaders and backhoe loaders in terms of volume. At the same time, its overseas sales of loaders, forklifts and bulldozers have been rapidly increasing.

Meanwhile, the company reports that it is advancing along the “Belt and Road”.

China’s “Belt and Road” initiative, as the name suggests, is a trade network covering the Asian, African and European countries located along the established routes of the Silk Road Economic Belt and 21st Century Maritime Silk Road. It seeks to promote win-win cooperation among participating nations by breaking infrastructure bottlenecks. This will be achieved through boosting the efficiency of resource allocation and promoting greater market integration. Over the past 10 years, LiuGong has established its business network in 62 of the 65 Belt & Road countries, as well as a dealer network that includes service and parts distribution centres, in five Central Asian countries.