Zoomlion: Difference between revisions – Wikipedia

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| subsid = *Compagnia Maritima Internazionale

| subsid = *Compagnia Maritima Internazionale

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”’Zoomlion Heavy Industry Science and Technology Co., Ltd.”’ is a Chinese [[Heavy equipment (construction)|construction machinery]] and [[agricultural machinery]] manufacturer.<ref name=”about1″>[http://www.zljt.com/english/about/company-profile.html Brief Introduction] {{webarchive |url=https://web.archive.org/web/20100102080733/http://www.zljt.com/english/about/company-profile.html |date=January 2, 2010 }} Zoomlion Official Site</ref> Its headquarters are in the Zoomlion Science Park in [[Changsha]], [[Hunan]], [[China]].<ref>“[http://www.zljt.com/english/contact.html Contact Us] {{webarchive |url=https://web.archive.org/web/20110901214455/http://www.zljt.com/english/contact.html |date=September 1, 2011 }}.” Zoomlion. Retrieved on August 14, 2011. “Address：Zoomlion Science Park, Yinpen South Road 361, Changsha, Hunan”</ref> Zoomlion is China’s largest and world’s fifth largest construction machinery enterprise.{{Citation needed|date=January 2010}}

”’Zoomlion Heavy Industry Science and Technology Co., Ltd.”’ is a Chinese [[Heavy equipment (construction)|construction machinery]] and [[agricultural machinery]] manufacturer.<ref name=”about1″>http://www.zljt.com/english/about/company-profile.html |url=https://web.archive.org/web/20100102080733/http://www.zljt.com/english/about/company-profile.html |date=2010 }}</ref> Its headquarters are in the Zoomlion Science Park in [[Changsha]], [[Hunan]], [[China]].<ref>http://www.zljt.com/english/contact.html |url=https://web.archive.org/web/20110901214455/http://www.zljt.com/english/contact.html |date=2011 14 .</ref> Zoomlion is China’s largest and world’s fifth largest construction machinery enterprise.{{Citation needed|date=January 2010}}

==History==

==History==

[[File:Zoomlion, Changsha, Hunan, China, Picture2.jpg|thumb|Zoomlion building in Yuelu District of Changsha, Hunan, China]]

[[File:Zoomlion, Changsha, Hunan, China, Picture2.jpg|thumb|Zoomlion building in Yuelu District of Changsha, Hunan, China]]

Founded in 1992 as Changsha Hi-tech Development Area Zoomlion Construction Mechanical Industry Company, one of its first products were concrete pumps.<ref name=”hist1″>[http://www.zljt.com/english/about/2008-05/1210474778d3833.html Event of Corporation in 1992–1997] {{webarchive |url=https://web.archive.org/web/20110718155736/http://www.zljt.com/english/about/2008-05/1210474778d3833.html |date=July 18, 2011 }} Zoomlion Official Site</ref> 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.

Founded in 1992 as Changsha Hi-tech Development Area Zoomlion Construction Mechanical Industry Company, one of its first products were concrete pumps.<ref name=”hist1″>http://www.zljt.com/english/about/2008-05/1210474778d3833.html |url=https://web.archive.org/web/20110718155736/http://www.zljt.com/english/about/2008-05/1210474778d3833.html |date=18 }}</ref> 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 acquisition of state-owned assets===

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===IPO===

===IPO===

Marking its transition to a [[public company]], Zoomlion made an [[initial public offering]] on the [[Shenzhen Stock Exchange]] on October 12, 2000,<ref name=”hist2″>[http://zljt.com/english/about/2008-05/1210474819d3835.html Events of the Corporation in 2000–2001] {{webarchive |url=https://web.archive.org/web/20100105163727/http://zljt.com/english/about/2008-05/1210474819d3835.html |date=January 5, 2010 }} Zoomlion Official Site</ref> soon after acquiring [[ISO9001]] certification.<ref name=”hist2″/>

Marking its transition to a [[public company]], Zoomlion made an [[initial public offering]] on the [[Shenzhen Stock Exchange]] on October 12, 2000,<ref name=”hist2″>http://zljt.com/english/about/2008-05/1210474819d3835.html |url=https://web.archive.org/web/20100105163727/http://zljt.com/english/about/2008-05/1210474819d3835.html |date=2010 }}</ref> soon after acquiring [[ISO9001]] certification.<ref name=”hist2″/>

===Overseas asset acquisitions===

===Overseas asset acquisitions===

A rarity at a time when [[Third World|developing country]] companies seldom acquired their [[developed country]] counterparts, Zoomlion bought the British company Powermole in the early 2000s.<ref name=”hist2″/>

A rarity at a time when [[Third World|developing country]] companies seldom acquired their [[developed country]] counterparts, Zoomlion bought the British company Powermole in the early 2000s.<ref name=”hist2″/>

In 2008, Zoomlion made another foreign acquisition with the purchase of Italian concrete machinery manufacturer, Compagnia Italiana Forme Acciaio SpA (Cifa),<ref name=”reuters”>[https://www.reuters.com/article/idUSSHA575420080625 UPDATE 1-Goldman, China Zoomlion win Cifa with $422 mln bid] reuters.com, Wed Jun 25, 2008 4:56am EDT</ref> in an equity link-up with [[Goldman Sachs]], Mandarin Capital Partners, and [[Hony Capital]].<ref name=”reuters”/>

In 2008, Zoomlion made another foreign acquisition with the purchase of Italian concrete machinery manufacturer, Compagnia Italiana Forme Acciaio SpA (Cifa),<ref name=”reuters”> UPDATE 1-Goldman, China Zoomlion win Cifa with $422 mln bid reuters.com </ref> in an equity link-up with [[Goldman Sachs]], Mandarin Capital Partners, and [[Hony Capital]].<ref name=”reuters”/>

===CCTV presentation===

===CCTV presentation===

Having been previously featured in a 2001 [[China Central Television|CCTV]] documentary,<ref name=”hist3″>[http://zljt.com/english/about/2008-05/1210474819d3835.html Events of Corporation in 2001] {{webarchive |url=https://web.archive.org/web/20100105163727/http://zljt.com/english/about/2008-05/1210474819d3835.html |date=January 5, 2010 }} Zoomlion Official Site</ref> an advertisement for the company was also presented on [[China Central Television|CCTV]] in May 2004.<ref name=”hist4″>[http://zljt.com/english/about/2008-05/1210474874d3838.html Events of Corporation in 2004] {{webarchive |url=https://web.archive.org/web/20100105163813/http://zljt.com/english/about/2008-05/1210474874d3838.html |date=January 5, 2010 }} Zoomlion Official Site</ref>

Having been previously featured in a 2001 [[China Central Television|CCTV]] documentary,<ref name=”hist3″>http://zljt.com/english/about/2008-05/1210474819d3835.html |url=https://web.archive.org/web/20100105163727/http://zljt.com/english/about/2008-05/1210474819d3835.html |date=2010 }}</ref> an advertisement for the company was also presented on [[China Central Television|CCTV]] in May 2004.<ref name=”hist4″>http://zljt.com/english/about/2008-05/1210474874d3838.html |url=https://web.archive.org/web/20100105163813/http://zljt.com/english/about/2008-05/1210474874d3838.html |date=2010 }}</ref>

===Accusations of fraud===

===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.<ref name=”hist23″>[https://www.forbes.com/sites/simonmontlake/2013/10/24/chinas-zoomlion-tangles-with-feisty-newspaper-over-fraud-claims/] Forbes</ref> Zoomlion accused the reporter Chen Yongzhou of “damaging business interests” and he has since been arrested.<ref name=”hist24″>[http://e.weibo.com/1973743580/AfdUK3gPw] Changsha City Police</ref> In October 2013, ”New Express” published a large front-page plea for his release.<ref name=”hist25″>[http://epaper.xkb.com.cn/] New Express</ref>

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.<ref name=”hist23″>https://www.forbes.com/sites/simonmontlake/2013/10/24/chinas-zoomlion-tangles-with-feisty-newspaper-over-fraud-claims/ Forbes</ref> Zoomlion accused the reporter Chen Yongzhou of “damaging business interests” and he has since been arrested.<ref name=”hist24″>http://e.weibo.com/1973743580/AfdUK3gPw </ref> In October 2013, ”New Express” published a large front-page plea for his release.

=== Chery Heavy Industry acquisition ===

=== 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.<ref>{{Cite web|title=Zoomlion eyes farm machinery after $340m deal – Business – Chinadaily.com.cn|url=http://www.chinadaily.com.cn/business/2014-08/21/content_18460144.htm|access-date=2021–10–07|website=www.chinadaily.com.cn}}</ref>

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.<ref>{{Cite web|title=Zoomlion eyes farm machinery after $340m deal – Business – Chinadaily.com.cn|url=http://www.chinadaily.com.cn/business/2014-08/21/content_18460144.htm|access-date=–|website=www.chinadaily.com.cn}}</ref>

=== Environmental unit sale ===

=== 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&nbsp;in the 2015/16 period.<ref>{{Cite web|last=Yang|first=Ge|date=|title=Zoomlion Plows Out of Environmental Business With $1.7 Billion Sale – Caixin Global|url=https://www.caixinglobal.com/2017-05-22/zoomlion-plows-out-of-environmental-business-with-17-billion-sale-101093417.html|access-date=2020–06–18|website=[[Caixin]] Global|language=en}}</ref>

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&nbsp;in the 2015/16 period.<ref>{{Cite web|last=|first=|date=|title=Zoomlion Plows Out of Environmental Business With $1.7 Billion Sale – Caixin Global|url=https://www.caixinglobal.com/2017-05-22/zoomlion-plows-out-of-environmental-business-with-17-billion-sale-101093417.html|access-date=–|website= |language=en}}</ref>

==Products==

==Products==

[[File:XinHui 新會 Qiang Xing Nanlu 僑興南路 Zoomlion 新會環衛 掃路車 at work 新聯重工科技 April-2012.JPG|thumb|A Zoomlion road sweeper]]

[[File:XinHui 新會 Qiang Xing Nanlu 僑興南路 Zoomlion 新會環衛 掃路車 at work 新聯重工科技 April-2012.JPG|thumb|A Zoomlion road sweeper]]

⚫
[[bulldozer]]s,http://www.zljt.com/english/products/earthmoving/index.html |url=https://web.archive.org/web/20091218120051/http://www.zljt.com/english/products/earthmoving/index.html |date=18 }} [[concrete]] machinery,[http://www.zljt.com/english/products/concrete/index.html Home > Products > Concrete Machinery] {{webarchive |url=https://web.archive.org/web/20100120021758/http://www.zljt.com/english/products/concrete/index.html |date=January 20, 2010 }} Zoomlion Official Site [[crane (machine)|cranes]] ([[mobile crane]]s,http://www.zljt.com/english/products/lifting/index.html |url=https://web.archive.org/web/20100105142419/http://www.zljt.com/english/products/lifting/index.html |date=2010 }} [[tower crane]]s,http://www.zljt.com/english/products/cranes/index.html |url=https://web.archive.org/web/20100105142802/http://www.zljt.com/english/products/cranes/index.html |date=2010 }} etc.), [[excavator]]s, [[fire apparatus]],http://www.zljt.com/english/products/other/index.html |url=https://web.archive.org/web/20101201050524/http://www.zljt.com/english/products/other/index.html |date=2010 }} [[garbage compactor]] machinery,http://www.zljt.com/english/products/env/index.html |url=https://web.archive.org/web/20100822185231/http://www.zljt.com/english/products/env/index.html |date=22 }} [[garbage truck]]s, [[Loader (equipment)|loader]]s, [[paver (vehicle)|asphalt paver]]s,http://www.zljt.com/english/products/road/index.html |url=https://web.archive.org/web/20101201043657/http://www.zljt.com/english/products/road/index.html |date=2010 }} [[Pile foundation#Drilled piles|pile foundation]] rotary drilling rigs, |url=https://.org/ |date= }} [[road roller]]s, [[snowplow]]s, [[street sweeper]]s, and various other [[road surface]] vehicles.

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

⚫
[[bulldozer]]s,[http://www.zljt.com/english/products/earthmoving/index.html Home > Products > Earth Working Machinery] {{webarchive |url=https://web.archive.org/web/20091218120051/http://www.zljt.com/english/products/earthmoving/index.html |date=December 18, 2009 }} Zoomlion Official Site [[concrete]] machinery,[http://www.zljt.com/english/products/concrete/index.html Home > Products > Concrete Machinery] {{webarchive |url=https://web.archive.org/web/20100120021758/http://www.zljt.com/english/products/concrete/index.html |date=January 20, 2010 }} Zoomlion Official Site [[crane (machine)|cranes]] ([[mobile crane]]s,[http://www.zljt.com/english/products/lifting/index.html Home > Products > Mobile Crane Machinery] {{webarchive |url=https://web.archive.org/web/20100105142419/http://www.zljt.com/english/products/lifting/index.html |date=January 5, 2010 }} [[tower crane]]s,[http://www.zljt.com/english/products/cranes/index.html Home > Products > Construction Hoisting Machinery] {{webarchive |url=https://web.archive.org/web/20100105142802/http://www.zljt.com/english/products/cranes/index.html |date=January 5, 2010 }} Zoomlion Official Site etc.), [[excavator]]s, [[fire apparatus]],[http://www.zljt.com/english/products/other/index.html Home > Products > Fire Fighting Machinery] {{webarchive |url=https://web.archive.org/web/20101201050524/http://www.zljt.com/english/products/other/index.html |date=December 1, 2010 }} Zoomlion Official Site [[garbage compactor]] machinery,[http://www.zljt.com/english/products/env/index.html Home > Products > Environmental & Sanitation Machinery] {{webarchive |url=https://web.archive.org/web/20100822185231/http://www.zljt.com/english/products/env/index.html |date=August 22, 2010 }} Zoomlion Official Site [[garbage truck]]s, [[Loader (equipment)|loader]]s, [[paver (vehicle)|asphalt paver]]s,[http://www.zljt.com/english/products/road/index.html Home > Products > Road Machinery] {{webarchive |url=https://web.archive.org/web/20101201043657/http://www.zljt.com/english/products/road/index.html |date=December 1, 2010 }} Zoomlion Official Site [[Pile foundation#Drilled piles|pile foundation]] rotary drilling rigs,[http://www.zljt.com/english/products/pile/index.html Home > Products > Pile Foundation Machinery] {{webarchive |url=https://web.archive.org/web/20100105142634/http://www.zljt.com/english/products/pile/index.html |date=January 5, 2010 }} Zoomlion Official Site [[road roller]]s, [[snowplow]]s, [[street sweeper]]s, and various other [[road surface]] vehicles.

Zoomlion also sells [[agricultural machinery]] and include: [[Tractor|tractors]], [[Combine harvester|combine harvesters]] and [[Sugarcane harvester|sugarcane harvesters]].

Zoomlion also sells [[agricultural machinery]] and include: [[Tractor|tractors]], [[Combine harvester|combine harvesters]] and [[Sugarcane harvester|sugarcane harvesters]].

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*Hunan Machinery Branch Company<ref name=”hist3″/>

*Hunan Machinery Branch Company<ref name=”hist3″/>

*Hunan Machine Tool Works<ref name=”hist2″/> – acquired on December 21, 2002<ref name=”hist2″/>

*Hunan Machine Tool Works<ref name=”hist2″/> – acquired on December 21, 2002<ref name=”hist2″/>

*Hunan Zoomlion International Trade Co Ltd<ref name=”trade”>[http://www.zljt.com/english/branch/2008-04/1209019996d442.html Zoomlion International Trade Co., Ltd.] {{webarchive |url=https://web.archive.org/web/20101018072949/http://www.zljt.com/english/branch/2008-04/1209019996d442.html |date=October 18, 2010 }} Zoomlion Official Site</ref> – located in Zoomlion Science Park, [[Changsha]], [[Hunan]] it oversees export of Zoomlion products.<ref name=”trade”/>

*Hunan Zoomlion International Trade Co Ltd<ref name=”trade”>http://www.zljt.com/english/branch/2008-04/1209019996d442.html |url=https://web.archive.org/web/20101018072949/http://www.zljt.com/english/branch/2008-04/1209019996d442.html |date=18 }}</ref> – located in Zoomlion Science Park, [[Changsha]], [[Hunan]] it oversees export of Zoomlion products.<ref name=”trade”/>

*Powermole Company<ref name=”hist2″/> – acquired on November 23, 2001<ref name=”hist2″/>

*Powermole Company<ref name=”hist2″/> – acquired on November 23, 2001<ref name=”hist2″/>

*Puyuan Group and Puyuan Engineer Machinery Co Ltd<ref name=”hist3″/>

*Puyuan Group and Puyuan Engineer Machinery Co Ltd<ref name=”hist3″/>

*Zoomlion Bus Branch Company<ref name=”hist4″/>

*Zoomlion Bus Branch Company<ref name=”hist4″/>

*Zoomlion Finance & Leasing Co Ltd<ref>[http://www.zljt.com/english/branch/2008-04/1209020168d443.html Zoomlion Finance & Leasing Co., Ltd.] {{webarchive |url=https://web.archive.org/web/20101201071706/http://www.zljt.com/english/branch/2008-04/1209020168d443.html |date=December 1, 2010 }} Zoomlion Official Site</ref>

*Zoomlion Finance & Leasing Co Ltd<ref>http://www.zljt.com/english/branch/2008-04/1209020168d443.html |url=https://web.archive.org/web/20101201071706/http://www.zljt.com/english/branch/2008-04/1209020168d443.html |date=2010 }}</ref>

*Zoomlion North Branch Company<ref name=”hist4″/>

*Zoomlion North Branch Company<ref name=”hist4″/>

*Zoomlion Hoisting Machinery Branch Company<ref name=”hist6″/> – originally located in [[Changde]], moved to [[Changsha]] in June, 2006<ref name=”hist6″/>

*Zoomlion Hoisting Machinery Branch Company<ref name=”hist6″/> – originally located in [[Changde]], moved to [[Changsha]] in June, 2006<ref name=”hist6″/>

Line 81: Line 80:

*Puyuan Group Co Ltd<ref name=”hist3″/> – this unit has produced cranes<ref name=”hist3″/>

*Puyuan Group Co Ltd<ref name=”hist3″/> – this unit has produced cranes<ref name=”hist3″/>

*Zoomlion Puyuan Special Vehicle Branch Company<ref name=”hist6″/>

*Zoomlion Puyuan Special Vehicle Branch Company<ref name=”hist6″/>

*Zoomlion Xinxing Construction Machinery Leasing Co Ltd<ref name=”hist6″>[http://zljt.com/english/about/2008-05/1210474920d3840.html Events of Corporation in 2006] {{webarchive |url=https://web.archive.org/web/20100105163631/http://zljt.com/english/about/2008-05/1210474920d3840.html |date=January 5, 2010 }} Zoomlion Official Site</ref>

*Zoomlion Xinxing Construction Machinery Leasing Co Ltd<ref name=”hist6″>http://zljt.com/english/about/2008-05/1210474920d3840.html |url=https://web.archive.org/web/20100105163631/http://zljt.com/english/about/2008-05/1210474920d3840.html |date=2010 }}</ref>

*Zoomlion Zhongbiao Branch Company<ref name=”hist3″/>

*Zoomlion Zhongbiao Branch Company<ref name=”hist3″/>

*Zoomlion Zhongke Beidou<ref name=”hist5″>[http://zljt.com/english/about/2008-05/1210474896d3839.html Events of Corporation in 2005] {{webarchive |url=https://web.archive.org/web/20110718155740/http://zljt.com/english/about/2008-05/1210474896d3839.html |date=July 18, 2011 }} Zoomlion Official Site</ref>

*Zoomlion Zhongke Beidou<ref name=”hist5″>http://zljt.com/english/about/2008-05/1210474896d3839.html |url=https://web.archive.org/web/20110718155740/http://zljt.com/english/about/2008-05/1210474896d3839.html |date=18 }}</ref>

===Production bases and facilities===

===Production bases and facilities===

Chinese construction and agricultural machinery manufacturer

Zoomlion Heavy Industry Science and Technology Co., Ltd. is a Chinese construction machinery and agricultural machinery manufacturer.[1] Its headquarters are in the Zoomlion Science Park in Changsha, Hunan, China.[2] Zoomlion is China’s largest and world’s fifth largest construction machinery enterprise.[citation needed]

Zoomlion building in Yuelu District of Changsha, Hunan, China

Founded in 1992 as Changsha Hi-tech Development Area Zoomlion Construction Mechanical Industry Company, one of its first products were concrete pumps.[3] 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

[edit]

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.[3]

Marking its transition to a public company, Zoomlion made an initial public offering on the Shenzhen Stock Exchange on October 12, 2000,[4] soon after acquiring ISO9001 certification.[4]

Overseas asset acquisitions

[edit]

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.[4]

In 2008, Zoomlion made another foreign acquisition with the purchase of Italian concrete machinery manufacturer, Compagnia Italiana Forme Acciaio SpA (Cifa),[5] in an equity link-up with Goldman Sachs, Mandarin Capital Partners, and Hony Capital.[5]

Having been previously featured in a 2001 CCTV documentary,[6] an advertisement for the company was also presented on CCTV in May 2004.[7]

Accusations of fraud

[edit]

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.[8] Zoomlion accused the reporter Chen Yongzhou of “damaging business interests” and he has since been arrested.[9] In October 2013, New Express published a large front-page plea for his release.

Chery Heavy Industry acquisition

[edit]

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.[10]

Environmental unit sale

[edit]

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.[11]

A Zoomlion road sweeper

Products are mainly truck-mounted, purpose-specific machinery; heavy machinery and include: bulldozers,[12] concrete machinery,[13] cranes[1] (mobile cranes,[14] tower cranes,[15] etc.), excavators,[12] fire apparatus,[16] garbage compactor machinery,[17] garbage trucks,[17] loaders,[12] asphalt pavers,[18] pile foundation rotary drilling rigs,[19] road rollers,[18] snowplows,[17] street sweepers,[17] and various other road surface vehicles.[18]

Zoomlion also sells agricultural machinery and include: tractors, combine harvesters and sugarcane harvesters.

Zoomlion has at least four brand names, including its own.[7]

All of the following may be subsidiaries or divisions of Zoomlion.

  • Changsha Construction Machinery Research Institute[6]
  • Changsha Zoomlion Haiqiang Concrete Co Ltd[7]
  • China Engineer Machinery Academy Concrete Machinery Session[20]
  • Compagnia Italiana Forme Acciaio SpA (Cifa) – acquired in 2008[5]
  • Hunan Machinery Branch Company[6]
  • Hunan Machine Tool Works[4] – acquired on December 21, 2002[4]
  • Hunan Zoomlion International Trade Co Ltd[21] – located in Zoomlion Science Park, Changsha, Hunan it oversees export of Zoomlion products.[21]
  • Powermole Company[4] – acquired on November 23, 2001[4]
  • Puyuan Group and Puyuan Engineer Machinery Co Ltd[6]
  • Zoomlion Bus Branch Company[7]
  • Zoomlion Finance & Leasing Co Ltd[22]
  • Zoomlion North Branch Company[7]
  • Zoomlion Hoisting Machinery Branch Company[20] – originally located in Changde, moved to Changsha in June, 2006[20]
  • Zoomlion Puyuan Branch Company[7]
  • Puyuan Group Co Ltd[6] – this unit has produced cranes[6]
  • Zoomlion Puyuan Special Vehicle Branch Company[20]
  • Zoomlion Xinxing Construction Machinery Leasing Co Ltd[20]
  • Zoomlion Zhongbiao Branch Company[6]
  • Zoomlion Zhongke Beidou[23]

Production bases and facilities

[edit]

Zoomlion owns 9 industrial parks,[citation needed] and at least one factory, the Puyuan Group Chassis Factory.[6] Sites include:

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