Shangli restructures after silence

News Story
- 30 Jun 2016 ( #776 ) - Shanghai, China
1 min read
Flashback: trouble at Shangli
Flashback: trouble at Shangli
Chinese manufacturer Shangli has restructured after "a terrible period in the last six months".

Forkliftaction News reported in April that all was quiet at the company, with no response to questions about its rumoured closure.

A company statement this week apologises for the lack of communication and stresses that "Shangli is not breaking down".

"We have been engaged in moving the factory," according to the statement, which explains that the business ran out of cash.

In April, it was understood that Shanghai Shangli Heavy Industry Co., Ltd. (SAL Group) was badly affected by slowing export sales and loss of marketshare in the domestic market.

"Fortunately, the boss, Mr. Ye Zhongdao, has strong faith to restart the Shangli company," it continues.

The statement notes a reorganisation of the internal management structure and says business operations are returning to normal.

The company has parted ways with former sales director Wilson Chen.

"We are truly sorry for everything that Shangli (brought) to you and your company during this time," the statement concludes.
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Previously about:
Shangli details restructure plan News Story - 7 Jul 2016 - Shanghai, China - 1 min read
All quiet at Shangli News Story - 7 Apr 2016 - Shanghai, China - 1 min read
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