Zoomlion Heavy Industry Science & Technology Co., Ltd.
Address: No. 361, Yinpen South Road, Changsha City, Hunan Province (Zhonglian Science and Technology Park)
Company Overview
Founded in 1992, Zoomlion is mainly engaged in the research and development and manufacturing of high-tech equipment such as construction machinery and agricultural machinery, as well as new building materials. Its leading products cover 18 categories, 105 product series, and 636 models. It is an A+H-share listed company in the industry, with a registered capital of 8.678 billion yuan and total assets of 133 billion yuan. Zoomlion is an enterprise incubated from the National Research Institute and a setter of industry standards. It has 8 major national scientific research and innovation platforms, with an R&D investment intensity of over 8%; it has applied for a total of 16,120 patents, including 6,919 invention patents; the company has successively led and participated in the formulation and revision of 527 national, industry and group standards, and 27 international standards, standing at the commanding heights of global industry technology. Zoomlion's manufacturing bases are distributed all over the world. In China, it has formed 14 major parks, including Zoomlion Science and Technology Park, Zoomlion Lugu Industrial Park, Zoomlion Wangcheng Industrial Park, Zoomlion Quantang Industrial Park, Zoomlion Guanxi Industrial Park, Zoomlion Hanshou Industrial Park, Zoomlion Deshan Industrial Park, Zoomlion Jinshi Industrial Park, Zoomlion Yuanjiang Industrial Park, Zoomlion Weinan Industrial Park, Zoomlion Huayin (Huashan) Industrial Park, Zoomlion Shanghai (Songjiang) Industrial Park, Zoomlion Wuhu Industrial Park, and Zoomlion Kaifeng Industrial Park. Overseas, it has the Italian CIFA Industrial Park, the German M-TEC Industrial Park, the German WILBERT Industrial Park, the Indian Industrial Park, the Brazilian Industrial Park, and the China-Belarus Industrial Park. It will also build new factories in Turkey and Saudi Arabia. Zoomlion has covered more than 100 countries and regions around the world, and has market layouts along the "Belt and Road". Its products are exported to high-end markets such as the Middle East, South America, Africa, Southeast Asia, Russia, Europe, the United States, and Australia. The company has established branches and subsidiaries in nearly 20 countries around the world, including East Asia, Southeast Asia, and Europe. It has invested in industrial parks in Italy, Germany, Brazil, India, and Belarus, and plans to build new factories in Turkey and Saudi Arabia. It has also established more than 50 permanent offices around the world. With the UAE and Brazil as the center, it is gradually establishing a global logistics network and spare parts supply system. As a scientific research institute-converted enterprise, Zoomlion has continuously promoted reforms, formed a benign system and mechanism in which scientific research supports industry and industry feeds back scientific research, and has become a model for the reform of state-owned scientific research institutes; as a listed company that has established a modern enterprise system, Zoomlion has participated in the reform, reorganization, and transformation of traditional state-owned enterprises through restructuring and mergers and acquisitions, implanted new mechanisms and new technologies in old enterprises, and achieved both economic and social benefits. In the new round of reforms after the Third Plenary Session of the 18th CPC Central Committee, Zoomlion's institutional innovation was established as a "sample" of mixed ownership by the State-owned Assets Supervision and Administration Commission of the State Council. Zoomlion has pioneered the integration of overseas resources in China's construction machinery industry; using capital leverage, it has integrated high-quality assets worldwide, achieved rapid expansion, and built a global manufacturing, sales, and service network. So far, Zoomlion has successively acquired British company Prologis, Italian company CIFA, German company M-tec, Dutch company Raxtar and German company Wilbert, all of which have achieved good results. Among them, the acquisition of Italian company CIFA, a concrete machinery manufacturer, in 2008 made the company a pioneer and leader in the internationalization of Chinese construction machinery. This merger and integration has also entered Harvard University classroom as a classic case. Zoomlion's predecessor was the former Changsha Construction Machinery Research Institute of the Ministry of Construction. With more than 60 years of technological accumulation, it is the birthplace of Chinese construction machinery technology. Inheriting the technical heritage and industry mission of national scientific research institutes, Zoomlion has continuously launched products, technologies and overall solutions that help customers succeed through technological innovation. The leading position of construction machinery technology is stable; agricultural machinery has developed high-end agricultural machinery equipment such as large tractors and large high-efficiency combine harvesters, leading domestic agricultural machinery equipment to move towards high-end and develop in the direction of "smart agriculture and precision agriculture". The company is the secretariat of the ISO/TC96 Crane Technical Committee of the International Organization for Standardization, and the domestic counterpart of the Mobile Crane and Tower Crane Technical Committee. It participates in the formulation and revision of international standards on behalf of China. It has formulated and revised more than 300 national/industry standards to promote technological progress in the industry. In the process of internationalization, Zoomlion has continuously innovated and enriched the cultural connotation of "sincerity without rest, broad and profound". In the process of overseas resource integration, Zoomlion has won the recognition and welcome of the international community with the concept of "inclusiveness, rules, responsibility, co-creation and sharing", and refreshed the international image of Chinese enterprises going global. Since its listing, Zoomlion has ranked among the top in comprehensive performance among listed companies in Shanghai and Shenzhen.