“The next three years will be even harder,” LGMG chairman on the challenges facing the company at home and abroad
23 May 2025
As one of the first major Chinese construction OEMs to move into the access market in 2015, LGMG has ridden high on a wave of a booming domestic construction market, helping it to expand into European and US markets. But since then, company chairman Yu Mengsheng says the company has had to face a slowing domestic market and the introduction of trade tariffs on many of its exports. Euan Youdale reports from China.
Yu Mengsheng, LGMG chairman. Photo: KHL
“The past five years have been hard, but for many the next three years will be even harder.”
So says Yu Mengsheng, the chairman of Lingong Heavy Machinery (LGMG), one of the world’s top ten biggest access platform manufacturers.
As one of the first major Chinese construction OEMs to move…
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