From bauma China 2012: Ritchie Bros. planning inaugural China auction in Spring 2013
Tina Grady Barbaccia | November 28, 2012
Heavy equipment and truck auctioneer Ritchie Bros. Auctioneers announced plans during a press conference at bauma China 2012 that the company plans to hold its first unreserved public auction in China during Spring 2013.
Although relatively new to the Chinese heavy equipment market, unreserved industrial auctions have been a quick and easy method for equipment buyers and sellers to conduct business on a global scale, according to Ritchie Bros. Auctioneers.
Ritchie Bros. has formally leased land in the Tianzhu Free Trade Zone (Shunyi, Beijing) in preparation for this first unreserved public auction in China. Located in close proximity to the Beijing Capital International Airport, the Tianzhu Free Trade Zone is connected to one of China’s largest roll-on, roll-off ports in Tianjin.
MORE FROM News & Analysis
- VIDEO: Watch these crews slide a half-mile, 30 million-pound bridge into place over the Ohio River674 Views
- What the latest Obamacare update means for your business369 Views
- U.S. DOT predicts August shortfall in latest Highway Trust Fund Ticker update329 Views
- PHOTOS, VIDEO: MoDOT employee finds a new way of transportation… skydiving276 Views
- 3 Ways to Avoid Heat-Related Illness258 Views