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The company planned to invest $US50 million to set up an engineering machinery company in Shandong Tai'an to mainly produce loader.
The first phase project will produce 5,000 units and the second phase 10,000 units.
It has started to produce solar energy generating equipment in China and is planning to acquire shares of a Sichuan polycrystalline silicon company.
The company reported sales of $US1 billion in China and is hoping to expand investment in China and get more profits.
Since joined hands with Changlin Company (SSE:600710) in 1995, Hyundai Heavy Industries has launched seven firms including Changzhou Hyundai Engineering Machinery Company in China covering production fields of excavators, forklifts, generating equipment and robots.
(Xinhua)
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