Zoomlion Heavy Industry Science and Technology Co., Ltd. is a Chinese construction machinery and

agricultural machinery Agricultural machinery relates to the machine (mechanical), mechanical structures and devices used in farming or other agriculture. There are list of agricultural machinery, many types of such equipment, from hand tools and power tools to tractor ...

manufacturer.Brief Introduction
Zoomlion Official Site Its headquarters are in the Zoomlion Science Park in

Changsha Changsha is the capital of Hunan, China. It is the 15th most populous city in China with a population of 10,513,100, the Central China#Cities with urban area over one million in population, third-most populous city in Central China, and the ...

Hunan Hunan is an inland Provinces of China, province in Central China. Located in the middle reaches of the Yangtze watershed, it borders the Administrative divisions of China, province-level divisions of Hubei to the north, Jiangxi to the east, Gu ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. Zoomlion is China's largest and world's fifth largest construction machinery enterprise.

History

Founded in 1992 as Changsha Hi-tech Development Area Zoomlion Construction Mechanical Industry Company, one of its first products were concrete pumps.Event of Corporation in 1992–1997
Zoomlion Official Site The company grew out of a subsidiary founded in 1956 in Beijing, as part of the first Ministry of Machinery Industry, Ministry of Construction, Central Enterprise Work Committee.

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 A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...

, Zoomlion made an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

on the Shenzhen Stock Exchange on October 12, 2000,Events of the Corporation in 2000–2001
Zoomlion Official Site soon after acquiring ISO9001 certification.

Overseas asset acquisitions

A rarity at a time when

developing country A developing country is a sovereign state with a less-developed industrial base and a lower Human Development Index (HDI) relative to developed countries. However, this definition is not universally agreed upon. There is also no clear agreeme ...

companies seldom acquired their

developed country A developed country, or advanced country, is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for eval ...

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),UPDATE 1-Goldman, China Zoomlion win Cifa with $422 mln bid
reuters.com, Wed Jun 25, 2008 4:56am EDT in an equity link-up with

Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...

, Mandarin Capital Partners, and Hony Capital.

CCTV presentation

Having been previously featured in a 2001

CCTV Closed-circuit television (CCTV), also known as video surveillance, is the use of closed-circuit television cameras to transmit a signal to a specific place on a limited set of monitors. It differs from broadcast television in that the signa ...

documentary,Events of Corporation in 2001
Zoomlion Official Site an advertisement for the company was also presented on

in May 2004.Events of Corporation in 2004
Zoomlion Official Site

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.
Forbes Zoomlion accused the reporter Chen Yongzhou of "damaging business interests" and he has since been arrested.
Changsha City Police In October 2013, ''New Express'' published a large front-page plea for his release.
New Express

Chery Heavy Industry acquisition

In August 2014, Zoomlion purchased a majority share in the agricultural machinery maker Chery Heavy Industry. Zoomlion purchased 60 percent of the company for 2.08 billion yuan. With this acquisition Zoomlion intended to modernize China's agricultural machinery industry and compete with foreign brands that still dominate a big part of the medium and high-end large farm machinery market in China.

Environmental unit sale

Due to financial difficulties following a long term slow down in the Chinese construction industry Zoomlion sold its environmental unit in May 2017 for 11.6 billion yuan (US$1.7 billion). This came after the company reported a 929 million yuan loss in the 2015/16 period.

Products

Products are mainly truck-mounted, purpose-specific machinery; Heavy equipment (construction), heavy machinery and include:

bulldozer A bulldozer or dozer (also called a crawler) is a large tractor equipped with a metal #Blade, blade at the front for pushing material (soil, sand, snow, rubble, or rock) during construction work. It travels most commonly on continuous tracks, ...

s,Home > Products > Earth Working Machinery
Zoomlion Official Site

concrete Concrete is a composite material composed of aggregate bound together with a fluid cement that cures to a solid over time. It is the second-most-used substance (after water), the most–widely used building material, and the most-manufactur ...

machinery, cranes ( mobile cranes,

tower crane A crane is a machine used to move materials both vertically and horizontally, utilizing a system of a boom, hoist, wire ropes or chains, and sheaves for lifting and relocating heavy objects within the swing of its boom. The device uses on ...

s, etc.),

excavator Excavators are heavy equipment (construction), heavy construction equipment primarily consisting of a backhoe, boom, dipper (or stick), Bucket (machine part), bucket, and cab on a rotating platform known as the "house". The modern excavator's ...

s, fire apparatus, garbage compactor machinery,Home > Products > Environmental & Sanitation Machinery
Zoomlion Official Site

garbage truck A garbage truck is a truck specially designed to collect municipal solid waste and transport it to a list of solid waste treatment technologies, solid waste treatment facility, such as a landfill, materials recovery facility, recycling center ...

s, loaders, asphalt pavers,Home > Products > Road Machinery
Zoomlion Official Site pile foundation rotary drilling rigs, road rollers, snowplows, street sweepers, and various other road surface vehicles. Zoomlion also sells

and include: tractors, combine harvesters and sugarcane harvesters. Zoomlion has at least four

brand name A brand is a name, term, design, symbol or any other feature that distinguishes one seller's goods or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and ...

s, including its own. *AA *Puyuan *Zhongbiao

Operations

Subsidiaries

All of the following may be subsidiaries or divisions of Zoomlion. *Changsha Construction Machinery Research Institute *Changsha Zoomlion Haiqiang Concrete Co Ltd *China Engineer Machinery Academy Concrete Machinery Session *Compagnia Italiana Forme Acciaio SpA (Cifa) – acquired in 2008 *Hunan Machinery Branch Company *Hunan Machine Tool Works – acquired on December 21, 2002 *Hunan Zoomlion International Trade Co Ltd Zoomlion International Trade Co., Ltd.
Zoomlion Official Site – located in Zoomlion Science Park,

it oversees export of Zoomlion products. *Powermole Company – acquired on November 23, 2001 *Puyuan Group and Puyuan Engineer Machinery Co Ltd *Zoomlion Bus Branch Company *Zoomlion Finance & Leasing Co LtdZoomlion Finance & Leasing Co., Ltd.
Zoomlion Official Site *Zoomlion North Branch Company *Zoomlion Hoisting Machinery Branch Company – originally located in Changde, moved to

in June, 2006 *Zoomlion Puyuan Branch Company *Puyuan Group Co Ltd – this unit has produced cranes *Zoomlion Puyuan Special Vehicle Branch Company *Zoomlion Xinxing Construction Machinery Leasing Co LtdEvents of Corporation in 2006
Zoomlion Official Site *Zoomlion Zhongbiao Branch Company *Zoomlion Zhongke Beidou
Zoomlion Official Site

Production bases and facilities

Zoomlion owns 9 industrial parks, and at least one factory, the Puyuan Group Chassis Factory. Sites include: *Zoomlion Science Park in

*CIFA in

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

*Huayin Industrial Park in Huayin,

Shaanxi Shaanxi is a Provinces of China, province in north Northwestern China. It borders the province-level divisions of Inner Mongolia to the north; Shanxi and Henan to the east; Hubei, Chongqing, and Sichuan to the south; and Gansu and Ningxia to t ...

*Ruanjiang Industrial Park in Yuanjiang,

*Guanxi Industrial Park in Changde,

*Songjiang Industrial Park in Songjiang,

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

*Majiahe Industrial Park in Wangcheng District,

*Quantang Industrial Park in

*Lugu Industrial Park in Lugu,

References

External links

* * {{Heavy machinery manufacturers of China Construction equipment manufacturers of China Agricultural machinery manufacturers of China Tractor manufacturers of China Chinese brands Companies listed on the Shenzhen Stock Exchange Companies listed on the Hong Kong Stock Exchange Companies based in Changsha Manufacturing companies established in 1992 Chinese companies established in 1992 Manufacturing companies based in Hunan 1992 in Changsha