LiuGong North America Chairman, Jim Donoghue, has been the architect of the company’s assault on North and Latin America, as well as global markets. He notes it is poised for success in the U.S., saying he expects to more than double sales in 2011. Globally, the company posted sales records – more than doubling profits in 2010 with reported total profits of $280.44 million, up 79.9% from $151 million reported in 2009. Total sales revenue of $2.32 billion increased 50.9% over 2009, from $1.49 billion, setting new company records, executives said.
Industry recognition has followed the company's success. Donoghue noted LiuGong has earned its way into a coveted show locale at CONEXPO-CON/AGG -- a first for LiuGong, and a first for any China-based machine manufacturer.
"We're in the North Hall next to Caterpillar, Case, Volvo and John Deere," he noted. "You have to earn your way. The larger sized companies tend to group themselves together. This is the first time we've been next to these companies, but it's not by accident."
He sums it up: "We're starting to take our position on the global stage because we have earned it by making LiuGong customers successful."