According to the German financial network. Schulte, chief financial officer of Deutz, a German engine manufacturer, recently said that he would further expand production in China and continue to promote the strategic growth plan in Asia. Deutz and Sany Heavy Industry of China Construction Machinery Group completed the establishment of a joint venture in early 2020 and plans to increase the engine output to 200000 units in the next four to five years, exceeding the current total output of the group.
Affected by the epidemic, DEUTZ's overall performance fell sharply last year. Through the cost reduction plan, DEUTZ can save 55 million euros by the end of the year. Schulte said that U.S. demand also improved, and the business showed an overall upward trend this year.
