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Zoomlion Heavy Industry Science & Technology Development Co Ltd

Updated: Dec 14, 2017 govt.chinadaily.com.cn Print
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Founded in 1992, Zoomlion Heavy Industry Science & Technology Development Co Ltd is mainly engaged in developing and manufacturing major high-tech equipment for infrastructure construction in the areas of building, energy, environment, and transport engineering, and it is a continuously innovating global enterprise. Since it was founded 22 years ago, Zoomlion has had an  annual average growth rate of over 50 percent, making it the world's fastest growing construction machinery company. The company has independent intellectual property rights in 13 major categories and 86 product lines, as well as nearly 800 leading products, and it has the most complete global product chain of any construction machinery company. The company ranks among the world's best in two business segments: concrete machinery and hoisting machinery. Zoomlion has registered capital of 7.71 billion yuan ($1.17 billion) and employs nearly 30,000 people. In 2013, Zoomlion's various operating units generated revenue of nearly 80 billion yuan, with profits of nearly 9 billion yuan. 

Zoomlion has manufacturing bases around the world. China hosts 13 of the company's large industrial and technological parks: the Zoomlion Science and Technology Park and industrial parks. Zoomlion also has the CIFA Industrial Park in Italy and industrial parks in India and Brazil. The company has subsidiaries in more than 40 countries around the world, as well as marketing and research institutes creating value for customers on six continents and in more than 80 countries, giving it a complete sales network and strong service system with worldwide coverage. 

Zoomlion is China's first construction machinery company to be listed on both the Shanghai and Hong Kong stock exchanges. In the future, the company plans to use capital as a link to strengthen integration of overseas resources and market investments. It will establish more comprehensive spare parts centers in Europe, South Asia, and West Asia; more advanced manufacturing centers in Europe, West Asia, South Asia, Southeast Asia, and North America; and establish research centers closer to customers in Europe, South America, South Asia, and East Asia. In 2013, Zoomlion made major adjustments to its development strategy, expanding its focus from developing merely its construction machinery sector to developing five sectors simultaneously, namely the construction machinery, agricultural machinery, sanitation, heavy trucks, and financial sectors.

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