SDLG Strengthens Global Strategy with Grand Opening of Indonesian Subsidiary
LINYI, CN / ACCESS Newswire / May 1, 2025 / On April 26, 2025, SDLG officially inaugurated its Indonesian subsidiary- PT. SDLG INDONESIA MACHINERY in Jakarta, advancing the company's strategic global expansion. Mr. Wen Degang, General Manager of SDLG, delivered the keynote address at the event, joined by Mr. Shi Shengyong, Deputy General Manager and General Manager of the Marketing Company, and Mr. Shi Dong, General Manager of the Asia-Pacific Marketing Company.
The ceremony welcomed more than 300 distinguished guests, including representatives from major Chinese enterprises in Indonesia, leaders from across the business community, strategic partners, and members of the media. The establishment of SDLG Indonesia, based in ASEAN's largest economy, represents a critical milestone in the company's broader internationalization strategy.
Building on 53 Years of Excellence, SDLG Accelerates Southeast Asia Expansion
The event commenced with the screening of The Heavy Trust, a documentary celebrating SDLG's 50th anniversary.
In his remarks, General Manager Mr. Wen emphasized that over the past 53 years, SDLG has maintained consistent growth through technological innovation. Today, SDLG holds a leading position in China's wheel loader market and ranks among the top three excavator brands nationwide. The company has been recognized with multiple international awards, including the China National Quality Award, ANQ Recognition for Excellence in Quality Practice and EFQM Global Excellence Award-making SDLG the only Chinese construction equipment manufacturer to receive this accolade. These achievements underscore the company's global reputation for quality and reliability.
Mr. Wen highlighted the strategic significance of the Indonesian market, noting its annual infrastructure growth rate of over 8% and the strong, growing demand for construction machinery. The launch of SDLG Indonesia signals a new phase of accelerated growth in the Southeast Asian market.
During the ceremony, SDLG Indonesia signed cooperation agreements with seven strategic partners, securing purchase intentions for over 1,100 units across its full range of products, including excavators, wheel loaders, and road rollers. The total value of the agreements exceeded RMB 450 million.
This substantial commitment underscores the Indonesian market's confidence in SDLG's product performance and further strengthens the company's position in the region.
Expanding Presence, Accelerating Growth
The establishment of PT. SDLG INDONESIA MACHINERY represents a pivotal step in advancing the company's global strategy. With deliveries of the newly signed orders underway, SDLG's brand visibility and market share in Indonesia are expected to grow significantly, supporting the company's long-term ambitions in Southeast Asia.
As the celebration marked a new beginning, SDLG reaffirmed its commitment to delivering reliable, high-quality solutions and building strong, collaborative partnerships in the region. The launch in Indonesia signals not only a strategic market breakthrough but also a new chapter in SDLG's global growth narrative.
Media Contact
Organization: Shandong Lingong Construction Machinery Co., Ltd. (SDLG)
Contact Person Name: Jin Zhang
Website: https://www.sdlg.com/
Email: [email protected]
City: Linyi City
Country: China
SOURCE: Shandong Lingong Construction Machinery Co., Ltd. (SDLG)
press release
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
37 minutes ago
- Yahoo
Texas the latest state with a law banning foreign adversaries from buying real estate
Texas has become the latest state to cement a ban on land and property purchases by individuals or entities from adversarial nations. Republican Gov. Greg Abbott signed Senate Bill 17 into law over the weekend, prohibiting countries identified as security threats in the intelligence community's 2025 Annual Threat Assessment, from acquiring "real property" in the state. The countries include China, Russia, Iran and North Korea, and the bill identified "real property" as agricultural land, commercial or industrial properties, residential properties and land used for mining or water use. Amid heightened global tensions, there has been an increased appetite for protecting foreign asset acquisitions in the United States. However, these efforts have been criticized by some for being overly broad, arbitrary and potentially discriminatory. Israel's Drone Strikes In Iran Show Why Us Must Halt China's Land Grab: Experts In response to Abbott's signing of S.B. 17, the nonprofit Asian Americans Advancing Justice said it was "outraged" at the legislation that the group said "creates an overly broad net that places innocent foreign nationals at risk of racial profiling." A similar defense was made by Arizona Gov. Katie Hobbs after she vetoed a bill seeking to stop Chinese land and property purchases in the state, noting the bill lacked "clear implementation criteria," which opened the door for "arbitrary enforcement." Hobbs, following backlash over her veto, subsequently described the bill as "a watered-down, weak-on-China bill," noting it allowed the communist country to purchase land near military bases for up to three years at a time, and followed up this month with her own version of the bill. Read On The Fox News App Texas's bill exempts U.S. citizens and lawful permanent residents. Individuals legally residing in the United States wishing to purchase a primary residence are also exempt, as well as leaseholders of less than a year. The Texas attorney general is authorized through the new legislation to investigate potential violations of the new law, which would be a felony. The law will go into effect on September 1. Dem Governor Ripped As 'Total Disgrace' After Vetoing Bill Limiting Chinese Land Ownership Near Military Bases Proponents of measures like the one in Texas have cited efforts by countries like China to purchase land and property near major U.S. military bases. However, it is not just land either, it is assets too. China has a strong foothold in the U.S. drone market with many law enforcement agencies using Chinese-made DJI drones. The country has also faced scrutiny for building solar converters in the U.S. that can be tapped for espionage efforts, its increasing footprint in U.S. maritime ports and penetration of other critical infrastructure. Texas's bill follows a high-profile incident earlier this month when two Chinese nationals were arrested for attempting to smuggle a dangerous biological pathogen into the United States. "Chinese companies purchasing American land, particularly near sensitive strategic and military sites, is not a coincidence. The CCP is blatantly attempting to base espionage efforts, and potentially worse, right in our backyard, and it's up to states act accordingly," said Michael Lucci, the CEO and founder of State Armor Action, a conservative group with a mission to develop and enact state-level solutions to global security threats. "Governor Abbott and the Texas legislature are right to ban foreign adversaries from purchasing land in their state. More and more states should follow their lead." Ricketts, Fetterman Team Up For Crackdown On China's Attempts To Purchase Us Farmland Per the Committee of 100, which tracks state and federal bills in the United States that restrict property ownership by foreign entities, 25 states have passed bills that restrict foreign property ownership as of Monday. That is up from 22 states as recently as March, per the committee. Meanwhile, according to the committee's tracking, 15 bills pertaining to this issue are being considered at the federal level as well. On Monday, Republicans in Congress introduced a bill aimed at increasing oversight of foreign farmland purchases, which would add the U.S. Agriculture Secretary to the Committee on Foreign Investment in the United States (CFIUS). It would also compel the U.S. Department of Agriculture to report to CFIUS any purchase of domestic agricultural land by foreign adversaries who pose risks to national security. State-level bills aimed at increasing scrutiny of foreign land and asset acquisitions from adversaries appear imminent in New Hampshire and North Carolina, if their governors grant them article source: Texas the latest state with a law banning foreign adversaries from buying real estate
Yahoo
37 minutes ago
- Yahoo
Indiana Supreme Court considers Attorney General suits against TikTok
Indiana Supreme Court Justices question defendants in a case between the Indiana Attorney General's Office and the owners of TikTok. (Screenshot from oral arguments) Indiana's highest court weighed allegations of TikTok's alleged deceptive practices in the Hoosier State on Tuesday, skeptical of arguments from both sides about jurisdictional issues. The two suits, heard together, were filed by Attorney General Todd Rokita against the popular, short-form video app in December 2022 in Fort Wayne. He accused TikTok and its parent company, ByteDance, of violating Indiana's Deceptive Consumer Sales Act with its age rating for those 12 and older — claiming that it contained more sexual content, profanity and drug references than advertised. Rokita's TikTok legal battle part of array of contingency fee contracts The above made TikTok unsafe for children, he continued. Additionally, he claimed in a separate lawsuit that the company failed to protect user data from the Chinese Communist Party. Justices noted ongoing national security concerns about the app, including a rare bipartisan law requiring ByteDance to sell the app to an American company. President Donald Trump, who embraced the app in his second campaign, has intervened and delayed that law's implementation three times. 'Congress doesn't agree on much, but they agreed on this. And the (U.S.) Supreme Court said it's okay to (ban) in this context,' said Justice Christoper Goff. 'But now, we're on pause … this seems to be a completely unique circumstance. And I cannot, for the life of me, imagine, with all of that going on, why it would be appropriate for us, or reasonable for us, to cite the precedent to exercise jurisdiction here and write a rule for all time.' Conservative and liberal lawmakers both cite worries about TikTok's parent company, Beijing-based ByteDance, and its ties to the Chinese Communist Party. Some have openly wondered if the app feeds user data to Chinese authorities, including Rokita. 'Our lawsuit against TikTok was filed to protect our children and to protect our data privacy that we allege is being stolen by the Chinese Communist Party. We maintain their business model intentionally deceives children and adults to drive up profits by saying it is appropriate for kids and that your personal data is safe. Neither is true,' the office said in a statement in 2023. A trial court judge dismissed Rokita's suits but the Indiana Court of Appeals reinstated it. State attorneys on Tuesday countered that the 'federal law over the divestiture of ownership of TikTok has nothing to do with this case,' maintaining that the issue at hand was 'deceptive and misleading representations made to consumers.' Attorney Brian Paul, representing TikTok and ByteDance, argued that the Indiana Supreme Court wasn't the appropriate venue for the case, which is the first issue before the justices. 'Indiana is seeking to punish TikTok for statements that were not made in Indiana, that are not about Indiana, that were not targeted at Indiana and were not tailored to Indiana,' Paul said in his opening remarks. The state previously argued that justices could intervene because Hoosiers enter into user contracts with TikTok when they download the app. Paul said because TikTok has no physical presence in the state, not even a server, Indiana wasn't appropriate for the lawsuit — though the company makes $46 million off of Hoosier data annually by using collected data to tailor advertiser content, plaintiffs said. Justices seemed to doubt that reasoning, pointing to other products, like magazines shipped across state boundaries, and legal precedent. 'TikTok seeks to escape the rules that apply to everyone else, from print magazines to burger franchises,' said Solicitor General James Barta, arguing on behalf of the state. Barta said that these 'daily exchange(s) of data' are used by the plaintiffs to craft 'addictive content' based on user locations to earn millions. 'And yet, TikTok says Indiana courts can do nothing to hold it accountable for misleading and deceptive statements that induced Indiana parents to download this app for themselves or for their children, and that ultimately end up harming children and other users,' Barta concluded. Chief Justice Loretta Rush wondered if such a broad application of Indiana law might capture other apps and social media companies anytime a Hoosiers accepts a website's cookies or agrees to a user contract. 'Every one of those is going to be subject to (our jurisdiction) no matter where they're located or the product?' Rush asked. '… are we going to now have personal jurisdiction of any company that grabs and sells data in Indiana, no matter how small?' That concern appeared to resonate with some of Rush's fellow justices. 'The implications for things like free speech, for interstate commerce seemed, to me, to be just breathtaking,' said Goff. CONTACT US In response, Barta said the core of the case was about deception and misleading consumers and that the state 'has a significant interest in protecting its consumers, in having its courts interpret its laws.' Justice Derek Molter noted, however, that it was 'unusual' to claim a violation of Indiana's Deceptive Consumer Sales Act without the exchange of money. '… it is core to TikTok's business model to be able to monetize users' time and attention and this is, of course, not the only company that does this,' Barta said. '… it would be awfully odd to say that the legislature has been completely unaware of this, and yet has decided to do nothing about it with the Deceptive Consumer Sales Act.' He said the law doesn't cover 'free' transactions, but does apply to an exchange of goods and services. He contends that Tiktok users exchange their data for entertainment. The state is seeking civil penalties and a jury trial as allowed under that law. Justices, led by Rush, indicated they would issue their ruling 'in due course.' This story has been corrected to say the Indiana Court of Appeals reversed the trial court judge. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
an hour ago
- Yahoo
Global Nickel Market
Global nickel demand remains steady growth. According to data from the International Nickel Study Group (INSG), global nickel demand reached 3.35 million tons in 2024, representing a year-on-year increase of approximately 5.4%. This growth rate is broadly in line with the 5.9% compound annual growth rate over the past decade. According to the International Energy Agency (IEA), global demand is projected to reach 5.69 million to 7.08 million metric tons by 2040. Structural changes as primary drivers of nickel demand growth. According to Wood Mackenzie's calculations, in 2024, stainless steel remained the largest consumer of nickel, accounting for approximately 64% of total demand; battery demand accounted for approximately 16%; and non-ferrous alloys and electroplating accounted for 8% and 6%, respectively. The increase in demand mainly comes from the energy transition, with the share of power battery demand expected to rise significantly to 42% to 58% by 2040. Nickel demand is shifting from cyclical to growth-oriented. The above structural changes are causing fundamental changes in the volatility characteristics of nickel demand. Historically, nickel demand has been closely linked to traditional industries such as stainless steel, exhibiting strong cyclicality. However, as nickel demand growth becomes increasingly tied to the penetration of electric vehicles, renewable energy capacity, and the pace of energy storage infrastructure development, its sensitivity to traditional industrial cycles is gradually decreasing, enhancing the long-term growth certainty. This implies that the focus of factors influencing nickel price fluctuations is shifting further toward the supply side. Battery technology evolution introduces uncertainty for nickel demand, but this may already be fully priced in. In particular, the rise of lithium iron phosphate (LFP) batteries, which do not contain nickel, poses a challenge to nickel's application in the electric vehicle sector. According to IEA data, LFP batteries' share of the global EV battery market has surged from less than 10% in 2020 to nearly 50%, with a penetration rate in the Chinese market approaching 70%. On the other hand, high-nickel batteries (such as NMC and NCA) will continue to occupy an important position in the market due to their energy density advantages. The evolution of battery chemistry is an ongoing process, and the short-term suppression of nickel demand caused by the rise in LFP battery market share may have already reached its peak. Grade differentiation in the nickel market. The growing demand for high-purity Class I nickel in electric vehicle batteries is driving further segmentation in the nickel market. Traditional applications such as stainless steel typically use secondary nickel (e.g., nickel-iron NPI, nickel-based iron alloys). As demand for Class I nickel surges with the growth of electric vehicles, the supply-demand balance for Class I nickel may become tighter than that for secondary nickel, forming a dual-track market, with battery-grade nickel potentially commanding higher premiums. Countries such as Indonesia are working to convert traditional laterite nickel ore resources used to produce secondary nickel into intermediate products or primary nickel products suitable for batteries through processes such as high-pressure acid leaching (HPAL), reflecting this market trend. Rapid supply release led to price declines. The nickel market has shown similarities to the lithium market over the past two years, though on a much more moderate scale. Rapid expansion on the supply side, particularly driven by major producing countries like Indonesia, has caused global nickel supply growth to outpace demand growth. The IEA estimates that global mine nickel supply increased from 3.6 million metric tons in 2023 to 3.9 million metric tons in 2024, a nearly 10% rise. This imbalance put downward pressure on nickel prices in 2024, with LME nickel futures prices falling by approximately 10% for the year and returning to pre-COVID-19 levels; the market remained weak in early 2025. Structural changes in the market raise bottleneck concerns. Nornickel estimates that the global nickel market surplus in 2024 was approximately 150,000 tons, which is not particularly significant. From a medium- to long-term perspective, there are potential factors that could create new bottlenecks across multiple links in the supply chain, including Indonesia's policies, declining exploration spending, high concentration of refining capacity, and supply chain fragmentations. I expect that the supply-demand dynamics of the nickel market will be more favorable than those of other traditional battery minerals such as lithium, cobalt, and graphite over the medium term (2-3 years). Indonesia dominates global mine-based nickel production. Since 2015, Indonesia's mine-based nickel production has increased by 16 times, accounting for approximately 70% of global production in 2024. China's significant investment in nickel processing facilities in Indonesia has been a key driver of this growth. This rapid supply response, particularly from Indonesian laterite nickel mines (which primarily produce secondary nickel or intermediates such as nickel iron and nickel matte), demonstrates that under adequate investment and relatively lenient regulatory conditions, specific nickel product categories can be brought to market relatively quickly. However, it is worth noting that this expansion is primarily concentrated in secondary nickel or intermediate products that require further high-energy-consuming processing (such as HPAL or RKEF conversion to nickel matte) to be transformed into battery-grade primary nickel. This results in an overall adequate supply of nickel on one hand, but on the other hand, battery-grade nickel supply may remain constrained if the LFP substitution process slows down. The direction of Indonesia's downstreaming policy is a key variable. Indonesia's resource nationalism policies (such as export bans and processing requirements) have made it an important destabilizing factor in the global nickel market. The nickel ore export ban implemented by Indonesia in 2020 successfully attracted downstream investment to its domestic market, making it the world's largest nickel producer. However, recent signals such as reducing mining quotas, suspending the construction of new RKEF smelters, and plans to increase mining rights fees indicate that the country is attempting to balance resource consumption and value maximization. These policy shifts could significantly impact global supply volumes and costs, creating potential supply bottlenecks. Geographically concentrated in Indonesia, China, and Russia. The global distribution of nickel refining capacity is highly concentrated, with a trend toward further concentration in recent years, which undoubtedly increases the vulnerability of the global nickel supply chain. Between 2020 and 2024, the combined market share of the top three refining producers increased from 60% to 80%. Indonesia accounts for approximately 43%, and China accounts for approximately 30%. Meanwhile, Indonesia is also the leading contributor to new nickel refining capacity globally. Based on existing project pipelines, it is estimated that Indonesia's share of global nickel refining capacity will surge to 67% by 2030. Geographical concentration overlaps with ownership concentration. IEA data shows that Chinese companies own the vast majority of Indonesia's nickel refining assets. If calculated by ownership, China controls 65% of global refined nickel production, while its domestic geographical share is only 30%. This means that even if nickel mining operations are somewhat dispersed, the critical bottleneck of refining remains highly concentrated and significantly influenced by Chinese capital and technology. Double gatekeeper effect. The direct consequence of this high concentration is that the global nickel market is extremely sensitive to any supply disruptions from these dominant countries (whether in terms of Indonesia's geographic production capacity or China's capital-controlled production capacity). The IEA's N-1 assessment shows that if the largest nickel supplier (Indonesia by geography and China by ownership) were to experience a supply disruption, the remaining global supply would only meet about half of other countries' demand. This figure clearly quantifies the vulnerability of the global market. If the supply of battery-grade nickel sulfate (mainly from China) were also disrupted at the same time, this proportion would be even lower. This high degree of dependence makes downstream industries, particularly the battery manufacturing industry, extremely vulnerable to price shocks and supply disruptions. Nickel exploration has cooled more significantly than most other critical minerals. In 2024, investment momentum in the critical minerals sector weakened notably, with total spending growing by only 5%, far below the 14% increase in 2023; after adjusting for inflation, real investment growth was just 2%. Nickel is one of the minerals most significantly affected by this trend. Nickel exploration spending saw a significant decline in 2024, contrasting with the continued increase in exploration spending for lithium, uranium, and copper. Current price signals are exerting a decisive negative impact on the development of early-stage projects. The contraction in exploration suggests that when future demand eventually exceeds existing supply capacity, the response time for new diversified production capacity will be significantly extended, leading to more prolonged market tightness and higher price volatility. Specialized nickel producers face particularly severe challenges. At current prices, approximately 80% of such producers had production costs higher than the nickel price in 2024, resulting in losses. This cost disadvantage, combined with price uncertainty, makes financing new projects extremely difficult. An analysis of 25 mining companies by the IEA shows that while diversified large-scale miners increased their capital expenditures by approximately 15% in 2024, specialized producers (including some nickel producers) reduced their investments by 15%. It is worth noting that China's major mining companies, which had previously seen sustained investment growth, also saw a 35% decline in capital expenditure in 2024. Indonesian export restrictions. As the world's largest nickel producer, Indonesia's policies have a profound impact on the market. The country imposed a ban on nickel ore exports in 2020, aiming to force downstream processing industries to develop domestically. This has successfully attracted significant foreign investment in smelters but also triggered a trade dispute with the EU at the WTO. In August 2024, Indonesia suspended approvals for new RKEF smelters to protect high-grade ore reserves and alleviate pressure on the midstream sector. In March 2025, Indonesia announced plans to increase mining rights fees for nickel ore, nickel concentrate, and nickel iron, which could raise production costs. Additionally, Indonesia introduced foreign exchange retention regulations in February 2025, requiring that foreign exchange earnings from natural resource exports, including minerals, be held in the domestic financial system for 12 months. Other producing countries. The Philippines, an important nickel ore supplier, is also considering similar resource nationalism policies. In February 2025, the Philippine Senate passed a bill proposing a five-year ban on nickel ore exports to encourage domestic downstream industry development. The bill is currently under review. Other countries have also taken similar measures, such as Zimbabwe banning the export of raw lithium and the Democratic Republic of the Congo temporarily suspending cobalt exports to address price declines. These actions reflect the broader trend among resource-rich nations to enhance their position within the global value chain. The scope of export controls is expanding from raw materials themselves to processing technologies. For example, China's proposed export controls on LFP and lithium refining technologies could significantly increase the difficulty for other countries to develop independent nickel refining capabilities if similar measures are applied to advanced nickel processing technologies (such as HPAL, high-grade nickel matte, and nickel sulfate production technologies) in the future. This would make intellectual property and technological autonomy as important as access to raw materials. Domestication policies of consumer countries. The United States aims to promote friend-shoring and domestication of supply chains by offering tax credits for electric vehicles assembled in North America whose batteries meet specific critical mineral and component sourcing requirements. It also supports domestic critical mineral projects and processing capacity building through programs such as the U.S. Export-Import Bank's (EXIM) Supply Chain Resilience Program and dedicated funds from the Department of Defense and the International Development Finance Corporation (DFC). The EU has set targets through the Critical Raw Materials Act (CRMA) for EU-sourced strategic raw materials to meet 10%, 40%, and 25% of annual EU consumption by 2030 for mining, processing, and recycling, respectively. The EU has also designated strategic projects to provide eligible projects with fast-track approval, financing facilities, and off-take support to accelerate the development of domestic supply chains. While these measures will promote supply chain diversification in the long term, considering the development cycle, they will actually increase the cost of global nickel circulation in the medium term. Mid-to-long-term investment window. As mentioned above, the global nickel market is currently in a cyclical trough, primarily due to supply growth outpacing short-term demand. From a mid-to-long-term investment perspective, this phase may present an opportunity for investors to position themselves in high-quality nickel assets. Nickel prices are expected to rebound cyclically in the future, driven by strong long-term demand and potential supply constraints. According to estimates based on data from multiple listed companies, the current EV/resource ratio for hydrometallurgical nickel projects averages around USD 5080 per ton, significantly lower than lithium mines (generally above USD 200 per ton), indicating valuation recovery potential for nickel-related assets in the secondary market. More defensiveness in portfolio allocation. The following three categories of listed companies are worth paying attention to: (1) Companies with overseas nickel resources, benefiting from resource valuation recovery; (2) Companies with high-purity nickel sulfate production capabilities, benefiting from the growth in battery-grade nickel demand; and (3) Companies with an integrated layout from nickel mining to battery material production, better able to cope with supply chain volatility risks and capture value across the entire industrial chain. At the same time, to address the special risk factors on both the supply and demand sides of the nickel market, the following two types of stocks offer more defensiveness: (1) Local joint ventures, which avoid policy risks in the countries where the projects are located; (2) HPAL wet process companies, whose products can be used for both NCM and LFP battery nickel source demand. This article first appeared on GuruFocus. Sign in to access your portfolio
