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

construction machinery Heavy equipment or heavy machinery refers to heavy-duty vehicles specially designed to execute construction tasks, most frequently involving earthwork operations or other large construction tasks. ''Heavy equipment'' usually comprises five e ...

and

agricultural machinery Agricultural machinery relates to the mechanical structures and devices used in farming or other agriculture. There are many types of such equipment, from hand tools and power tools to tractors and the countless kinds of farm implements that the ...

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

Changsha Changsha (; ; ; Changshanese pronunciation: (), Standard Mandarin pronunciation: ) is the capital and the largest city of Hunan Province of China. Changsha is the 17th most populous city in China with a population of over 10 million, an ...

Hunan Hunan (, ; ) is a landlocked province of the People's Republic of China, part of the South Central China region. Located in the middle reaches of the Yangtze watershed, it borders the province-level divisions of Hubei to the north, Jiangxi to ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

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

History

Zoomlion, Changsha, Hunan, China, Picture2

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 stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

, 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 investment ...

on the

Shenzhen Stock Exchange The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...

on Oct 12, 2000,Events of the Corporation in 2000–2001
Zoomlion Official Site soon after acquiring

ISO9001 The ISO 9000 family is a set of five quality management systems (QMS) standards that help organizations ensure they meet customer and other stakeholder needs within statutory and regulatory requirements related to a product or service. ISO 9 ...

certification.

Overseas asset acquisitions

A rarity at a time when

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

companies seldom acquired their

developed country A developed country (or industrialized country, high-income country, more economically developed country (MEDC), advanced country) is a sovereign state that has a high quality of life, developed economy and advanced technological infrastruct ...

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 Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

, Mandarin Capital Partners, and

Hony Capital Hony Capital is a Chinese private equity firm, owned by Legend Holdings. Legend Holdings provided Hony, a pioneer in China's private equity industry, with its start-up capital. Hony has about US$10 billion under management. Hony also invests in o ...

CCTV presentation

Having been previously featured in a 2001

CCTV Closed-circuit television (CCTV), also known as video surveillance, is the use of video cameras to transmit a signal to a specific place, on a limited set of monitors. It differs from broadcast television in that the signal is not openly t ...

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, motorized machine equipped with a metal blade to the front for pushing material: soil, sand, snow, rubble, or rock during construction work. It travels most commonly on continuous track ...

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

concrete Concrete is a composite material composed of fine and coarse aggregate bonded together with a fluid cement (cement paste) that hardens (cures) over time. Concrete is the second-most-used substance in the world after water, and is the most wi ...

machinery, cranes ( mobile cranes,

tower crane A crane is a type of machine, generally equipped with a hoist rope, wire ropes or chains, and sheaves, that can be used both to lift and lower materials and to move them horizontally. It is mainly used for lifting heavy objects and transpor ...

s, etc.),

excavator Excavators are heavy construction equipment consisting of a boom, dipper (or stick), bucket and cab on a rotating platform known as the "house". The house sits atop an undercarriage with tracks or wheels. They are a natural progression fro ...

fire apparatus A firefighting apparatus describes any vehicle that has been customized for use during firefighting operations. These vehicles are highly customized depending on their needs and the duty they will be performing. These duties can include firefigh ...

garbage compactor A compactor is a machine or mechanism used to reduce the size of material such as waste material or bio mass through compaction. A trash compactor is often used by a home or business to reduce the volume of trash it produces. A baler-wrapper comp ...

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 solid waste treatment facility, such as a landfill, recycling center or transfer station. In Australia they are commonly called rubbish truc ...

loader Loader can refer to: * Loader (equipment) * Loader (computing) ** LOADER.EXE, an auto-start program loader optionally used in the startup process of Microsoft Windows ME * Loader (surname) * Fast loader * Speedloader * Boot loader ** LOADER.COM ...

asphalt paver A paver (road paver finisher, asphalt finisher, road paving machine) is a piece of Heavy equipment, construction equipment used to lay asphalt concrete or Road_surface#Concrete, Portland cement concrete on roads, bridges, parking lots and other su ...

s,Home > Products > Road Machinery
Zoomlion Official Site

pile foundation A deep foundation is a type of foundation that transfers building loads to the earth farther down from the surface than a shallow foundation does to a subsurface layer or a range of depths. A pile or piling is a vertical structural element ...

rotary drilling rigs,

road roller A road roller (sometimes called a roller-compactor, or just roller) is a compactor-type engineering vehicle used to compact soil, gravel, concrete, or asphalt in the construction of roads and foundations. Similar rollers are used also at land ...

snowplow A snowplow (also snow plow, snowplough or snow plough) is a device intended for mounting on a vehicle, used for removing snow and ice from outdoor surfaces, typically those serving transportation purposes. Although this term is often used to re ...

street sweeper A street sweeper or street cleaner may refer to a person's occupation or to a machine that cleans streets. Street sweepers have been employed in cities as "sanitation workers" since sanitation and waste removal became a priority. A stre ...

s, and various other

road surface A road surface (British English), or pavement (American English), is the durable surface material laid down on an area intended to sustain vehicular or foot traffic, such as a road or walkway. In the past, gravel road surfaces, hoggin, cobbles ...

vehicles. Zoomlion also sells

and include:

tractors A tractor is an engineering vehicle specifically designed to deliver a high tractive effort (or torque) at slow speeds, for the purposes of hauling a trailer or machinery such as that used in agriculture, mining or construction. Most common ...

, 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 good or service from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create an ...

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 Changde ( ) is a prefecture-level city in the northwest of Hunan province, People's Republic of China. In addition to the urban districts, Changde also administers the county-level city of Jinshi City, Jinshi and six counties. Changde is adjacent ...

, 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 ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

*Huayin Industrial Park in

Huayin Huayin is a county-level city in Weinan, Shaanxi province, China. Prior to 1990, Huayin was regarded as a county. Huayin literally means 'to the north of Mount Hua Mount Hua () is a mountain located near the city of Huayin in Shaanxi Pro ...

Shaanxi Shaanxi (alternatively Shensi, see #Name, § Name) is a landlocked Provinces of China, province of China. Officially part of Northwest China, it borders the province-level divisions of Shanxi (NE, E), Henan (E), Hubei (SE), Chongqing (S), Sichu ...

*Ruanjiang Industrial Park in

Yuanjiang Yuanjiang () is a county-level city in the Province of Hunan, China, it is under the administration of the prefecture-level city of Yiyang. Located in the north of the province, the city is bordered to the north by Nan County, to the northeast b ...

*Guanxi Industrial Park in

*Songjiang Industrial Park in

Songjiang Songjiang, from the Chinese for "Pine River" and formerly romanized as Sungkiang, usually refers to one of the following areas within the municipal limits of Shanghai: * Songjiang Town (), the former principal town of the Shanghai area * Songjiang ...

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

*Majiahe Industrial Park in

Wangcheng District Wangcheng District () is one of six urban District (China), districts of the prefecture-level city of Changsha, the capital of Hunan, Hunan Province, China. It is the largest district of Changsha by area. The district is bordered to the north by M ...

*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 Chinese companies established in 1992 Manufacturing companies based in Hunan