Oshkosh Truck Expanding In China
Posted on February 8, 2006
Oshkosh Truck Corp. will open a sales office in Beijing this spring, company officials announced, according to a story in the Milwaukee Journal Sentinel. The heavy vehicle manufacturer wants to sell more fire and rescue vehicles in China, which the company said also could be a lucrative market for cement mixers and refuse trucks.
"We are going to be cautious and build everything here," said Oshkosh Truck Chairman Robert Bohn. "One day, if there's enough volume and we find the right partner, we may do some manufacturing" in China.
In reporting the results in its annual shareholder’s meeting, Oshkosh said commercial division sales were up nearly 20%, to $1 billion, in 2005. But operating income was down nearly 32%, to $23.8 million, because of higher-than-expected steel prices and an $8.6 million operating loss at its Geesink Norba refuse hauler group.