kscarbel2 Posted June 29, 2016 Share Posted June 29, 2016 Transport Engineer / June 28, 2016 China’s trailer-making giant CIMC Vehicles is acquiring Northern Ireland trailermaker Retlan Manufacturing. Retlan trades as SDC Trailers Limited (http://www.sdctrailers.com/). The sum of the purchase has not disclosed. David Li, general manager and director of CIMC, says SDC’s existing management team will remain in post and plans are in place to consolidate the company’s position and increase export sales. “We look forward to working with the existing management to continue its fine tradition of high quality UK-based manufacturing – and to the opportunity for further investment to help grow the business,” states Li. “This is a significant opportunity for the company, its staff and for the future,” adds Mark Cuskeran, CEO of Retlan Group. “We have been impressed by the approach of the new owners to the acquisition, and the company is now looking forward to a significant period of growth on a global scale.” According to consultancy Clear International, CIMC has been working on a market entry strategy for Europe for many years. The firm already owns a Dutch company but recently abandoned a plan to build a new trailer plant in Germany, it says. It opened a plant in Poland in October 2015. The European trailer industry is dominated by three German firms: Schmitz, Krone and Kögel. Behind these three comes Wielton, Schwarzmüller, Tirsan and SDC. . Quote Link to comment https://www.bigmacktrucks.com/topic/45841-china%E2%80%99s-cimc-vehicles-acquires-sdc-trailers/ Share on other sites More sharing options...
kscarbel2 Posted June 29, 2016 Author Share Posted June 29, 2016 Retlan Manufacturing: Toombridge-based firm sold to Chinese firm for undisclosed sum BBC / June 28, 2016 One of Northern Ireland's largest manufacturing firms has been sold to a Chinese company. Retlan Manufacturing, which trades as SDC Trailers, has been bought by CIMC Vehicles for an undisclosed sum. Retlan is based in Toomebridge, County Antrim, and also has a plant in Nottinghamshire. The company employs 950 people and showed an annual profit of £8.5m in its last accounts. It makes lorry trailers and its customers include major supermarkets. The firm was majority-owned by JJ Donnelly and his family while chief executive Mark Cuskeran also held a significant stake. CIMC Vehicles is part of a manufacturing group based in Shenzhen which has an annual turnover of about £8bn. . Quote Link to comment https://www.bigmacktrucks.com/topic/45841-china%E2%80%99s-cimc-vehicles-acquires-sdc-trailers/#findComment-337833 Share on other sites More sharing options...
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