2009-03-11 Jinan
Tan Xuguang, Chairman of Chinese heavy-duty engine maker Weichai Power, said that the company has set the goal of achieving RMB100 billion (approx US$14.6 billion) in annual sales within three years. Through one of its subsidiaries, the company has spent 2.99 million euros buying certain assets of France-based Moteurs Baudouin with a book value of 13.82 million euros. In addition, Weichai Power will reportedly make more acquisitions.
Comments