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Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. is based in
Chengdu Chengdu (, ; simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese pronunciation: , Standard Chinese pronunciation: ), alternatively romanized as Chengtu, is a sub-provincial city which serves as the capital of the Chinese provin ...
,
China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's List of countries and dependencies by population, most populous country, with a Population of China, population exceeding 1.4 billion, slig ...
. Sichuan Tengzhong is a
privately owned company A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...
known for making a wide range of
road A road is a linear way for the conveyance of traffic that mostly has an improved surface for use by vehicles (motorized and non-motorized) and pedestrians. Unlike streets, the main function of roads is transportation. There are many types o ...
equipment, such as
bridge A bridge is a structure built to span a physical obstacle (such as a body of water, valley, road, or rail) without blocking the way underneath. It is constructed for the purpose of providing passage over the obstacle, which is usually someth ...
pier Seaside pleasure pier in Brighton, England. The first seaside piers were built in England in the early 19th century.">England.html" ;"title="Brighton, England">Brighton, England. The first seaside piers were built in England in the early 19th ...
s,
highway A highway is any public or private road or other public way on land. It is used for major roads, but also includes other public roads and public tracks. In some areas of the United States, it is used as an equivalent term to controlled-access ...
construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and ...
and
maintenance Maintenance may refer to: Biological science * Maintenance of an organism * Maintenance respiration Non-technical maintenance * Alimony, also called ''maintenance'' in British English * Champerty and maintenance, two related legal doct ...
machinery A machine is a physical system using power to apply forces and control movement to perform an action. The term is commonly applied to artificial devices, such as those employing engines or motors, but also to natural biological macromolecul ...
. Sichuan Tengzhong has been moving more into
heavy-duty truck Truck classifications are typically based upon the maximum loaded weight of the truck, typically using the gross vehicle weight rating (GVWR) and sometimes also the gross trailer weight rating (GTWR), and can vary among jurisdictions. United ...
s, including
tow truck A tow truck (also called a wrecker, a breakdown truck, recovery vehicle or a breakdown lorry) is a truck used to move disabled, improperly parked, impounded, or otherwise indisposed motor vehicles. This may involve recovering a vehicle damaged ...
s and
oil tanker An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined ...
s.


Aborted acquisition of Hummer

On 1 June 2009, as a part of
General Motors Chapter 11 reorganization The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern D ...
announcement, GM revealed that Hummer brand would be discontinued. However, the following day GM announced it had reached a deal to sell the brand to an undisclosed buyer. On 2 June 2009 GM announced the sale of Hummer to a non-disclosed Chinese company. The New York Times reported Tuesday that the buyer would be the Sichuan Tengzhong Heavy Industrial Machinery Company Ltd., a machinery company in western China. Late Tuesday Sichuan Tengzhong itself posted it on their own website. The transaction was expected to close in the third quarter of 2009, subject to customary closing conditions and regulatory approvals. Financial terms of the agreement were not disclosed. Credit Suisse acted as exclusive financial advisor and Shearman&Sterling acted as international legal counsel to Tengzhong on this transaction. Citi acted as financial advisor to GM. Prior to the 2009 sale a handful of other Chinese automakers, including
Chang Feng Chang Feng (6 April 1923 – 6 February 2022) was a Chinese actor based in Taiwan. He died on 6 February 2022, at the age of 98.China's Changfeng had talks on GM's Hummer: source
reuters.com, August 18, 2008 The deal include the continuation of manufacturing in the two plants that GM already used to produce the Hummer trucks until June 2011, with a possible extension until 2012. On 24 February 2010, The Chinese
Ministry of Commerce A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and ...
rejected Tengzhong's bid to purchase Hummer from
General Motors The General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. It is the largest automaker in the United States and ...
, and that the deal had collapsed. The later stated the same and that they will discontinue the brand. Some reports were saying that Tengzhong would instead purchase it privately through the company's new supporter, J&A Tengzhong Fund SPC, a private equity investment fund owned by an offshore entity that was recruiting private investors to buy into its acquisition plan. At the time, even established companies were in difficulties. With them, small companies were also declining (including Tengzong). Also falling was Hummer's value, with lowered customer demand. After that, some other buyers were approached to buy the brand, but those deals also failed. Finally, the Hummer brand was defunct on 24 May 2010.


References

{{Heavy machinery manufacturers of China Companies based in Chengdu Construction equipment manufacturers of China Chinese brands