* China - Bulldozer maker bets on Ferretti to power global ambitions. Deal will enable Shandong Heavy to upgrade engine technology. Diesel engine unit Weichai Power "to challenge global players"
Hong Kong,China -Reuters, by Alison Leung -Feb 9, 2012: -- China's biggest maker of bulldozers is betting its takeover of Italy's Ferretti, the world's largest yacht maker, will help it take on global engine makers such as Caterpillar Inc in powering some of the world's most expensive leisure boats... Caterpillar, the world's biggest heavy machinery maker, is also one of the world's largest makers of high-speed diesel engines. Other engine makers include Germany's Tognum, which is controlled by Daimler AG and Rolls-Royce Holding Plc , and South Korea's Hyundai Heavy Industries Co Ltd... "There is still a big technology gap between their diesel engines and the German engines used in Ferretti yachts now," Daniell Chen, chief representative of Ferretti's Shanghai office said, referring to the engines made by Germany's MAN SE and Tognum AG... Shandong Heavy, which also makes construction machinery, power systems, commercial vehicles and auto parts, has said it plans a separate listing for Ferretti in Hong Kong, which would likely increase its brand awareness in China...Labels: engine makers
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