A Liugong counterbalance diesel forklift.

Guangxi Liugong Machinery Co has announced it is aiming to make RMB26 billion (USD3.8 billion) in machinery sales in 2012.

According to China Knowledge Press, company vice president Li Donghui said that revenue from machines and excavators would account for 75% of 2012's total sales and the remaining revenue would come from sales of forklifts, cranes and other machinery.

It is also reported that the company is seeking opportunities for mergers. Forkliftaction.com News contacted Liugong Machinery for details on is plans, but did not receive a response by press time.

The Shenzhen Stock Exchange-listed company's global sales of loading machines exceeded 200,000 units as of 15 May. Its total sales revenue for 2009 was RMB10.2 billion (USD1.5 billion).