Home / Business

Machinery maker gearing up for success in mining sector

By Zhong Nan | China Daily | Updated: 2013-12-16 07:45

Big-ticket mining projects are helping Chinese machinery makers consolidate their presence in Africa and to offset losses from dwindling demand in developed markets.

Shanghai Shibang Machinery Co, a high-technology enterprise in Shanghai, is one of the Chinese firms that is seeing robust demand for its products in African nations such as Angola, Namibia, Sierra Leone and Botswana. To further expand its business in Africa, the company plans to set up warehouses, service and technical centers in Ghana and Nigeria over the next five years.

Many of the opportunities are coming because of Africa's growing demand for mining and infrastructure projects, especially as mining has a big role in foreign exchange generation, says Cui Gaofeng, sales director of Shanghai Shibang.

Machinery maker gearing up for success in mining sector

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349