http://www.bloomberg.com/news/2012-01-30/sany-citic-to-pay-471-million-for-german-cement-pump-maker-putzmeister.html

Honestly, I can't believe the speculation that of a turnover of 560 Million EU a year can yeild a profit of ONLY 6 million EU!

That is after all the cuts in budget. I feel sorry for the employees of Putzmeister. There will be definitely some heads chopped some this year.

Karl is a great person, he didnt want responsibility of firing workers from his company.

Trust me, 6million is still ok in this times...i know some mfg sell under building price just to keep a customer.

Who to blame is another question, Sany for showing off chineese prices in Europe, or customers for comparing PM/Schwing vs Sany just boom length wise.