Zoomlion
Public | |
Traded as | SZSE: 000157, SEHK: 1157 |
Industry | Heavy machinery |
Founded | September 28, 1992 |
Headquarters | Changsha, Hunan, People's Republic of China |
Key people | Zhan Chunxin (President and CEO) |
Products |
Construction equipment Sanitation Equipment Industrial machinery |
Revenue | US $7 billion |
Number of employees | 30,000 |
Subsidiaries |
Compagnia Italiana Forme Acciaio SpA (Cifa) Powermole |
Website | http://en.zoomlion.com/ |
Zoomlion (officially Zoomlion Heavy Industry Science & Technology Development Co., Ltd.) (SZSE: 000157, SEHK: 1157) (Chinese: 中联重科) is a Chinese manufacturer of construction machinery and sanitation equipment,[1] listed on the Shenzhen Stock Exchange. Its headquarters are in the Zoomlion Science Park in Changsha, Hunan.[2]
Italian construction equipment maker Compagnia Italiana Forme Acciaio SpA (Cifa)[3] and British construction equipment manufacturer Powermole[4] are subsidiaries of the company.
History
Founded in 1992 as Changsha Hi-tech Development Area Zoomlion Construction Mechanical Industry Company, one of its first products were concrete pumps.[5]
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.[5]
IPO
Marking its transition to a public company, Zoomlion made an initial public offering on the Shenzhen Stock Exchange on Oct 12, 2000,[4] soon after acquiring ISO9001 certification.[4]
Overseas asset acquisitions
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),[3] in an equity link-up with Goldman Sachs, Mandarin Capital Partners, and Hony Capital.[3]
CCTV presentation
Having been previously featured in a 2001 CCTV documentary,[6] an advertisement for the company was also presented on CCTV in May 2004.[7]
Acusations 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.[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.[10]
Products
Products are mainly truck-mounted, purpose-specific machinery; heavy machinery; or cranes, and include: bulldozers,[11] concrete machinery,[12] cranes[1] (mobile cranes,[13] tower cranes,[14] etc.), excavators,[11] fire apparatus,[15] garbage compactor machinery,[16] garbage trucks,[16] loaders,[11] asphalt pavers,[17] pile foundation rotary drilling rigs,[18] road rollers,[17] snowplows,[16] street sweepers,[16] various other road surface vehicles,[17] and environmental and sanitation machinery, etc.[1]
Zoomlion has at least four brand names, including its own.[7]
Operations
Subsidiaries
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[19]
- Compagnia Italiana Forme Acciaio SpA (Cifa) – acquired in 2008[3]
- Hunan Machinery Branch Company[6]
- Hunan Machine Tool Works[4] – acquired on December 21, 2002[4]
- Hunan Zoomlion International Trade Co Ltd[20] – located in Zoomlion Science Park, Changsha, Hunan it oversees export of Zoomlion products.[20]
- 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[21]
- Zoomlion North Branch Company[7]
- Zoomlion Hoisting Machinery Branch Company[19] – originally located in Changde, moved to Changsha in June, 2006[19]
- Zoomlion Puyuan Branch Company[7]
- Puyuan Group Co Ltd[6] – this unit has produced cranes[6]
- Zoomlion Puyuan Special Vehicle Branch Company[19]
- Zoomlion Xinxing Construction Machinery Leasing Co Ltd[19]
- Zoomlion Zhongbiao Branch Company[6]
- Zoomlion Zhongke Beidou[22]
Production bases and facilities
Zoomlion owns 9 industrial parks, and at least one factory, the Puyuan Group Chassis Factory.[6] Sites include:
- Zoomlion Science Park in Changsha, Hunan
- CIFA in Milan, Italy
- Huayin Industrial Park in Huayin, Shaanxi
- Ruanjiang Industrial Park in Yuanjiang, Hunan
- Guanxi Industrial Park in Changde, Hunan[7]
- Songjiang Industrial Park in Songjiang, Shanghai[19]
- Maqiaohe Industrial Park in Wangcheng, Hunan
- Quantang Industrial Park in Changsha, Hunan
- Lugu Industrial Park in Lugu, Changsha, Hunan[6]
References
- 1 2 3 Brief Introduction Archived January 2, 2010, at the Wayback Machine. Zoomlion Official Site
- ↑ "Contact Us Archived September 1, 2011, at the Wayback Machine.." Zoomlion. Retrieved on August 14, 2011. "Address:Zoomlion Science Park, Yinpen South Road 361, Changsha, Hunan"
- 1 2 3 4 UPDATE 1-Goldman, China Zoomlion win Cifa with $422 mln bid reuters.com, Wed Jun 25, 2008 4:56am EDT
- 1 2 3 4 5 6 7 8 Events of the Corporation in 2000–2001 Archived January 5, 2010, at the Wayback Machine. Zoomlion Official Site
- 1 2 Event of Corporation in 1992–1997 Archived July 18, 2011, at the Wayback Machine. Zoomlion Official Site
- 1 2 3 4 5 6 7 8 9 Events of Corporation in 2001 Archived January 5, 2010, at the Wayback Machine. Zoomlion Official Site
- 1 2 3 4 5 6 7 8 9 10 Events of Corporation in 2004 Archived January 5, 2010, at the Wayback Machine. Zoomlion Official Site
- ↑ Forbes
- ↑ Changsha City Police
- ↑ New Express
- 1 2 3 Home > Products > Earth Working Machinery Archived December 18, 2009, at the Wayback Machine. Zoomlion Official Site
- ↑ Home > Products > Concrete Machinery Archived January 20, 2010, at the Wayback Machine. Zoomlion Official Site
- ↑ Home > Products > Mobile Crane Machinery Archived January 5, 2010, at the Wayback Machine.
- ↑ Home > Products > Construction Hoisting Machinery Archived January 5, 2010, at the Wayback Machine. Zoomlion Official Site
- ↑ Home > Products > Fire Fighting Machinery Archived December 1, 2010, at the Wayback Machine. Zoomlion Official Site
- 1 2 3 4 Home > Products > Environmental & Sanitation Machinery Archived August 22, 2010, at the Wayback Machine. Zoomlion Official Site
- 1 2 3 Home > Products > Road Machinery Archived December 1, 2010, at the Wayback Machine. Zoomlion Official Site
- ↑ Home > Products > Pile Foundation Machinery Archived January 5, 2010, at the Wayback Machine. Zoomlion Official Site
- 1 2 3 4 5 6 Events of Corporation in 2006 Archived January 5, 2010, at the Wayback Machine. Zoomlion Official Site
- 1 2 Zoomlion International Trade Co., Ltd. Archived October 18, 2010, at the Wayback Machine. Zoomlion Official Site
- ↑ Zoomlion Finance & Leasing Co., Ltd. Archived December 1, 2010, at the Wayback Machine. Zoomlion Official Site
- ↑ Events of Corporation in 2005 Archived July 18, 2011, at the Wayback Machine. Zoomlion Official Site