Sunward invests in Hpm

By Murray Pollok18 March 2008

Chinese compact construction equipment manufacturer Hunan Sunward Intelligent Machinery Co Ltd has acquired a majority stake of its European distributor, Hpm Europe Spa, based in Milan, Italy. Hpm will be renamed Sunward Europe Spa. Sunward, which manufactures mini- and midi-excavators, skid steer loaders, crawler loaders, telehandlers, and piling and rock drilling equipment, said it had achieved a 2% market share in Europe after two years of cooperation with Hpm and that “this acquisition will speed up the project of reaching a 10% market share within 2012.” Sunward is a listed company on the Shenzhen stock exchange and has 1800 employees working at facilities with a combined area of 300000 m2.

Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
New X-series excavator from JCB
Stage V, reduced swing model unveiled by OEM at online press conference 
Ahern Denmark officially open
Grand opening event for Ahern subsidiary, representing Snorkel, Denka Lift and Europolift 
Herc could double fleet spending in 2022
New strategy sees net fleet spending of between $820 million to $1.12 billion in 2022
Murray Pollok Managing Editor Tel: +44(0)1505 850 043 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: