Zoomlion Heavy Industry Science & Technology Development Co., Ltd, founded in 1992, is the China’s leading manufacturer of Engineering Machinery in the equipment manufacturing industry, and is also the first listed company in both A and H share markets in China’s engineering machinery industry. The company is mainly engaged in the R & D and manufacturing of advanced technologies and equipment for national key infrastructure construction projects, including construction engineering, energy engineering, environment engineering and transportation engineering projects. With a registered capital of RMB 7.706 billion and a workforce of over 30,000 employees, Zoomlion’s subordinate operation units achieved a sales revenue of nearly RMB 85 billion with a tax contribution of more than RMB 12 billion in 2011, ranking 7th in the global construction machinery industry.
In the past 20 years since its establishment, the company maintained an annual average compound growth rate of over 65% and has become the fastest growing global construction machinery enterprise. It provides 13 categories, 86 series, over 800 varieties of leading products with completely independent intellectual property rights, and is a global construction machinery enterprise with the most complete product chain. The company’s two business segments, concrete machinery and hoisting machinery, both rank second in the globe.
Zoomlion was formerly known as Changsha Construction Machinery Research Institute of the Ministry of Construction which had more than 50 years of technical accumulation. As a standard setter of a wide range of engineering machinery industry national standards, the company participated in the development of over 300 engineering machinery national and industrial standards. On behalf of China, the company fulfilled international vote and domestic duties jurisdiction of mobile cranes and tower cranes in the International Organization for Standardization (ISO). Zoomlion is a secretariat unit of concrete machinery and other two national standardization technical committees, and a chairman unit of construction machinery and other three technical committees. The company owns more than 2,400 domestic patents and more than 200 international patents, and has undertaken national “Construction Machinery Electrical Systems Electromagnetic Compatibility Key Technologies Research”, “Hoisting Truck Safety Monitoring and Early Warning Applications Development”, “Large Mobile Cranes Research and Industrial Development” and other more than thirty 973, 863, and national key science and technology projects.
The company’s R & D investment accounts for more than 5 percent of its annual revenue. Every year, the company averagely creates about 300 new technologies and new products, and the contribution rate to annual operating income reaches more than 50%. In 2011 alone, Zoomlion presented the world’s longest carbon fiber boom pump truck, the world’s largest crawler crane, the world’s largest tower crane, the single drum vibratory roller with the world’s largest tonnage and other world’s leading products.
Currently, Zoomlion has manufacturing bases located around the world, mainly in Hunan, Shanghai, Shaanxi and Italy. It has subsidiaries and marketing and research institutions in over 40 countries, creates values for customers in over 80 countries across six continents, and owns a complete sales network and strong service system covering the whole world. In future, the company will take the capital as the link, strengthen overseas resource integration and market inputs, establish more complete spare parts centers in Europe, South Asia, and West Asia, build more state-of-the-art manufacturing centers in Europe, West Asia, South Asia, Southeast Asia and North America, and construct R & D centers closer to customers in Europe, South America, South Asia, and East Asia.