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Warren Buffet looks for Heavy Equipment Companies in China

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DennisCTB
Join Date: Nov 1998
Posts: 2707 NorthWest NJ
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2012-02-10          182370


I found this article on Warren Buffets interest in Companies outside of the US. It seems that Lonking is China's largest heavy equipment manufacturing company.

Here is the article...

"Warren Buffett’s search for deals in Brazil and China may put companies from Marcopolo SA (POMO3) to Odontoprev SA (ODPV3) and Lonking Holdings Ltd. (3339) on his wish list.
The 80-year-old billionaire investor and chairman of Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A) said at a news conference on May 1 after its shareholder meeting that Brazilian companies are on his “radar screen” and that he would be “delighted to buy businesses in China” as well as Hong Kong. Buffett’s comments came less than two months after he agreed to purchase Wickliffe, Ohio-based Lubrizol Corp. for about $9 billion.
The world’s most successful investor is looking outside the U.S. with emerging economies forecast to grow twice as fast as developed nations and near-zero percent interest rates limiting returns in fixed-income markets. Marcopolo, Brazil’s biggest busmaker, Odontoprev, the country’s largest provider of dental plans, and Lonking, one of China’s biggest makers of construction equipment, are among 27 companies from Brazil and China that meet the acquisition criteria listed in Buffett’s annual report, according to data compiled by Bloomberg."




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Warren Buffet looks for Heavy Equipment Companies in China

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lynn1988
Join Date: Nov 2011
Posts: 24 China
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2012-02-12          182395


Thanks for your support, and as the matter of fact, Lonking is one of the largest machinery manufacturers in China.Since data of 2011 hasn't come out,I could only tell you it sold 41,000 units of wheel loaders in 2010,and totally 56,ooo units of all machines in that year.Still Lonking forklift ranks 18th of top 20 of global forklift suppliers.It ranks 22nd of top 50 global construction machinery manufacturer, you can find in the industry journal. I am not here to sell the company and products, but i think you should pay more attention to the emrging leaders in the construction field. ....


Link:   wheel loaders

 

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