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Ritchie Bros. Signs Multi-Year Sales Agreement With PowerChina Trade Solution Group Ltd.

Wed September 19, 2018 - National Edition
Ritchie Bros. Auctioneers

PowerChina Trade Solution Group Ltd., one of the world's largest construction companies, has selected Ritchie Bros. as a key partner for its surplus equipment disposition. In early September, the two companies signed a multi-year agreement that will see assets from completed PowerChina projects and other Chinese state-owned enterprises sold through various Ritchie Bros. sales channels.

"We offer a multitude of solutions to make asset disposition for PowerChina easier than ever before," said Karl Werner, president, International, Ritchie Bros. "PowerChina is often working on multiple massive projects around the world, with surplus equipment sitting idle for years in some cases. We will help them turn those assets back into cash quickly and efficiently so they can reinvest it back into their business. They can continue doing what they do best while we take care of the equipment."

Dozens of items from a PowerChina projects are already making their way to Ritchie Bros. auction locations to be sold. Equipment highlights include dump trucks, truck tractors, excavators, concrete pump trucks, mobile cranes, dozers and motor graders.

"We are very pleased to have this groundbreaking agreement in place with Ritchie Bros., a trusted global company," said Su Xiaochu, Vice President, PowerChina Trade Solution Group Ltd. "We believe that through cooperation with Ritchie Bros. we can improve the procurement and disposal efficiency of our construction equipment globally."

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