Fortune Venture Capital completed a RMB26M investment in Xi'an Dagang Road Machinery Co., Ltd. (Xi'an Dagang).

 

Xi'an Dagang represents a Hi-tech enterprise specializing in the R&D, production, sales and technological service of road paving and maintenance machines as well as road new materials. Thanks to its a dozen of years of efforts, Xi'an Dagang has overcome the difficulties featured by high pollution, energy consumption and cancellation ratio in the process of asphalt road surface paving and maintenance, scoring break-through achievement. As a consequence, a variety of road paving machines for asphalt heating, storage, transportation and deep processing as well as the seal-coat spreading and maintenance of asphalt road surface were developed and produced, some of which ranked NO.1 worldwide. The company takes the lead on the home front with its intelligent equipments for overlaying asphalt road surface accounting for the biggest market share, and dominates domestic segment market.

 

After this investment deal, Fortune Venture Capital will help Xi'an Dagang become more standardized and completed in strategic planning, talent cultivation and market expansion, converting the company into a systematic and efficient listed enterprise enjoying rapid and sound growth.