Börse Express – Deutz wants to grow significantly in China

Engine manufacturer Deutz Aiming for strong growth in China. In the joint venture with construction machinery manufacturer Sany, the group plans to increase production to 200,000 engines in four to five years – more in number than Deutz has been manufacturing so far. Expansion into Asia is on schedule, both in terms of schedule and budget, says new Chief Financial Officer Sebastian Schulte of “Börsen-Zeitung” (Saturday edition).

SDax The company sees itself on recovery again after 2020 with deep red numbers. By the end of this year, the savings thanks to the rapidly implemented cost-cutting program should add up to € 55 million. In the US, where business has collapsed particularly sharply, demand is returning very quickly, Schulte says. Deutz is already considering acquisitions. Smaller acquisitions are still possible this year

 ISIN  DE0006305006

AXC0321 2021-05-28 / 21:24

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