Foton Loxa: Lifting to success

Latecomer finds market niche in construction machinery

Massive cement pump trucks are often huge oil guzzlers. But heavy equipment maker Foton Loxa has made a breakthrough in energy efficiency with its gas and gas-diesel hybrid engines.

A Loxa pump truck powered by gas can cut fuel bills by 30 percent over traditional diesel engines, significant savings when fuel is more than 50 percent of the machine's operating cost, said the Beijing-based company.