One of China’s fastest-growing manufacturing companies has promised to invest €300m to expand its new German offshoot, in an illustration of the interest by Chinese production businesses in establishing a stronger international presence.

Sany Group, a maker of construction equipment, says its new plan is likely to create 3,000 jobs across Germany, India and Brazil.

Tang Xiuguo, Sany’s president, said in an interview with the Financial Times that Sany wanted Stuttgart-based Putzmeister to operate as a largely independent company, responsible for manufacturing and sales of concrete-related equipment around the world. “In future Putzmeister will be a more powerful company, thanks to the introduction of new products that we [Sany] will help it to develop,” said Mr Tang.