Taiyuan Heavy Machinery Group Co Ltd is a Chinese 'public enterprise', based in Shanxi province, in the north of the country: one of the many 'state enterprises' that coexist with the private sector in China's 'mixed economy'. And its website reads, in broken English resulting from a computer translation, a self-lauding celebration of its manufacturing prowess, its 2600 employees, its eighty years of history, its "great leaps forward" …
Yesterday, a press release brought news that Taiyuan Heavy Machinery Group can be justifiably proud of. Caterpillar, Komatsu, Case New Holland, step aside… Taiyuan has signed an order for the world's largest excavator. The 1800-ton monster is destined for a Chilean mining company.
http://usa.chinadaily.com.cn/business/2012-03/07/content_14780092.htm
