Number of employees 30,000 Revenue 7 billion USD | Industry Heavy machinery Founded 28 September 1992 | |
Traded as SZSE: 000157, SEHK: 1157 Key people Zhan Chunxin (President and CEO) Products Construction equipmentSanitation EquipmentIndustrial machinery CEO Zhan Chunxin (13 Jul 2006–) Stock price 000157 (SHE) CN¥ 4.78 -0.07 (-1.44%)31 Mar, 3:59 PM GMT+8 - Disclaimer | ||
Zoomlion company introduction
Zoomlion (officially Zoomlion Heavy Industry Science & Technology Development Co., Ltd.) (SZSE: 000157, SEHK: 1157) (Chinese: 中联重科) is a Chinese manufacturer of construction machinery and sanitation equipment, listed on the Shenzhen Stock Exchange. Its headquarters are in the Zoomlion Science Park in Changsha, Hunan.
Contents
- Zoomlion company introduction
- Zoomlion heavy industry china brings their concrete machinery to pakistan exhibitors tv
- History
- Early acquisition of state owned assets
- IPO
- Overseas asset acquisitions
- CCTV presentation
- Accusations of Fraud
- Products
- Subsidiaries
- Production bases and facilities
- References
Zoomlion is world’s sixth largest and China’s largest construction machinery enterprise. "In 2008, Zoomlion acquired CIFA, the world's third largest concrete machinery manufacturer, which was the largest ever European acquisition by a Chinese company at the time<
The business of Zoomlion consists of five sectors: construction machinery, agricultural machinery, heavy trucks, environmental business and financial services.
Italian construction equipment maker Compagnia Italiana Forme Acciaio SpA (Cifa) and British construction equipment manufacturer Powermole are subsidiaries of the company.
Zoomlion heavy industry china brings their concrete machinery to pakistan exhibitors tv
History
Founded in 1992 as Changsha Hi-tech Development Area Zoomlion Construction Mechanical Industry Company, one of its first products were concrete pumps.
Early acquisition of state-owned assets
Early development included the merging of several smaller, preexisting entities with Zoomlion including the former Concrete Machinery Research Office and remnants of the Changsha Construction Machinery Research Institute.
IPO
Marking its transition to a public company, Zoomlion made an initial public offering on the Shenzhen Stock Exchange on Oct 12, 2000, soon after acquiring ISO9001 certification.
Overseas asset acquisitions
A rarity at a time when developing country companies seldom acquired their developed country counterparts, Zoomlion bought the British company Powermole in the early 2000s.
In 2008, Zoomlion made another foreign acquisition with the purchase of Italian concrete machinery manufacturer, Compagnia Italiana Forme Acciaio SpA (Cifa), in an equity link-up with Goldman Sachs, Mandarin Capital Partners, and Hony Capital.
CCTV presentation
Having been previously featured in a 2001 CCTV documentary, an advertisement for the company was also presented on CCTV in May 2004.
Accusations of Fraud
In May 2013, Chinese newspaper New Express reported on alleged fraud at Zoomlion. This caused Zoomlion to temporarily suspend trading of its stock and later resulted in a 9% decrease in its share price. Zoomlion accused the reporter Chen Yongzhou of "damaging business interests" and he has since been arrested. In October, 2013, New Express published a large front-page plea for his release.
Products
Products are mainly truck-mounted, purpose-specific machinery; heavy machinery; or cranes, and include: bulldozers, concrete machinery, cranes (mobile cranes, tower cranes, etc.), excavators, fire apparatus, garbage compactor machinery, garbage trucks, loaders, asphalt pavers, pile foundation rotary drilling rigs, road rollers, snowplows, street sweepers, various other road surface vehicles, and environmental and sanitation machinery, etc.
Zoomlion has at least four brand names, including its own.
Subsidiaries
All of the following may be subsidiaries or divisions of Zoomlion.
Production bases and facilities
Zoomlion owns 9 industrial parks, and at least one factory, the Puyuan Group Chassis Factory. Sites include: