CPP hosts landmark equipment auction

The Touch of IRONPLANET Green Tech Premium Global Construction Equipment Auction, co-hosted by the Equipment Leasing Company of China Petroleum Pipeline Engineering Co., Ltd (CPP) and Ritchie Bros. Auctioneers, successfully concluded on 17 July 2025, setting a new milestone for Ritchie Bros. with its highest-ever online attendance in China.

Over 170 units of high-quality construction equipment was sold. Targeting 170 countries, the auction attracted over 27,000 professional buyers worldwide and featured more than 20 categories of machinery from leading international brands. It reflected strong global demand for sustainable, high-performance equipment and the growing influence of digital platforms. CPP Equipment Leasing Company offers dry and wet leasing services for both general construction and pipeline-specific equipment. Its service portfolio includes equipment rental, maintenance, shared warehousing, consignment sales and storage of spare parts, auctions, and international operations.

Its equipment sharing centres are established in China and Dubai to support global project needs. This event reflects CPP’s commitment to digital transformation and sustainability. By institutionalizing global auctions, the company aims to enhance global equipment circulation and promote a greener, more efficient industrial ecosystem.

More about CPP – China Petroleum Pipeline Engineering Co., Ltd.