Lovol Engines Regain Stability Instead of Dropping
05 June 2009
Tianjin Lovol Engines Co, .Ltd, like many other companies, is affected by the global financial crisis. It was affected since September 2008, and its diesel engines export orders dropped 90%, production and operation were severely affected. It regained stability instead of dropping since 2009, production in April is 5,518 units, and sales in April are 5,868 units.
With the policy of seeking opportunities in the financial crisis, the market shares of Lovol Engines are rapidly growing in domestic autos, engineering machinery, agricultural machinery, and generator sets, orders come one after another. And what surprise us most is that its products structure has greatly changed. According to its sales in April, it reaches sales of 5,868 units, export sales reduce from 2/3 to 1/3, domestic sales increase form 1/3 to 2/3.Feng Yufen, sales manager of Lovol Engines, said that reduction in export sales is because of the financial crisis, it will get better after the crisis, and as for domestic sales, it increases because of the increase of new customers, it shows that Lovol Engines has found the way to seize opportunities in the market.
Source : english.chinabuses.com
Editor : Grant
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