Sinomach buys McCormick France
By Shen Jingting | China Daily | Updated: 2011-03-23 07:38
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A "Dongfang Hong" brand tractor produced by China National Machinery Industry Corp (Sinomach) is displayed at an agricultural machinery exhibition in Zhengzhou, Henan province. Sinomach aims to realize annual sales of 50 billion yuan ($7.1 billion) in the sector by the end of the 12th Five-Year Plan (2011-2015). Wang Luxian / for China Daily |
The deal will help the firm to make inroads into the European market
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