CONTENTS

• BQ TADANO: A REVIEW OF THE COMPANY’S AMBITIOUS PLANS
• CARLYLE GROUP TO CONTROL XCMG
• DYNAPAC TO EXPAND OPERATIONS IN TIANJIN FACTORY
• LIUGONG ENJOYS RAPID GROWTH IN EXCAVATORS
• JONYANG PURCHASED BY SINGAPORE TECHNOLOGIES KINETICS
• WHEELED LOADER INDUSTRY STILL HAS EXCESS CAPACITY AND MAKES LEAN PROFITS