MAGNI Telescopic Handlers announces Dingli investment

MAGNI Telescopic Handlers announces Zhejang Dingli Machinery Co Ltd purchase 20% of its shares by increase of capital and the creation of Dingli European R&D Centre.

Riccardo-Magni_Xu-Sughen

Mr. Riccardo Magni and Mr. Xu Sughen

MAGNI Telescopic Handlers announces Zhejang Dingli Machinery Co Ltd purchase 20% of its shares by increase of capital and the creation of Dingli European R&D Centre.

Magni Telescopic Handlers was born in 2013 founded by the Magni Family.

The Magni family has a long tradition in the design and construction of machines that started after the second world war .

Riccardo Magni, president of the company, has more than 30 years of experience in telescopic handler design and construction and has been instrumental in making Magni Telescopic Handlers the manufacturer of the widest range of rotating and heavy telescopic handlers with the highest technology.

Zehjiang Dingli Machinery Company was founded by Mr. Xu Sughen in 1997 and is today the largest producer of AWP products in China.

In March 2015 Dingli became the first List Company of AWP in China main board.

Dingli operates three modern facilities with 200.000 square meters surface and a total investment in assets exceeding USD 86 million.

Dingli and Magni TH in the new European R&D centre will make new studies and design a full range of telescopic and articulated aerial work platforms. This new range will incorporate new concepts in design to improve substantially the performance of this products with the ambition to be the best AWP on the market.

Zhejinag Dingli will sell through its distribution network in China the full range of Magni TH products.

Magni TH president Riccardo Magni said: “ Dingli’s strength in the AWP sector is renowned around the world and my 30 years experience in the design and production of innovative telescopic machines will mean Dingli’s AWP range will be an even greater force to be reckoned with.”

Zhejiang Dingli Co. president Mr. Xu Sughen said “As a family company, Magni TH shares the same core values as Dingli, is driven by innovation and has a world-beating product range. Dingli is already the largest manufacturer of AWP in China. This agreement will strengthen Dingli’s position in the AWP sector.”

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