Earthmoving Machinery of Zoomlion Sets New Sail

Zoomlion Weinan Excavator Industrial Park was officially established in Shanxi Province on Jan. 8.
Earthmoving machinery production has been considered as Achilles heel of the company in the past.
Now the situation will be changed as the establishment of the industrial park will greatly strengthen its earthmoving machinery sector.
The earthmoving machinery produced by the company will involve bulldozers, excavators, diaphragm wall grab and track-type loaders.
"Earthmoving machinery, the king of construction machinery, benefits from the government s increasing investment in infrastructure and sees vast market potential", said Li Jianjian, the researcher of machinery at Founder Securities.
According to market analysis, excavator sales in 2010 have exceeded 165,000 sets, realizing a year-on-year increase of 73.7%.
Covering an area of 2,000 mu (about 133.33 hectares), the industrial park contains a mainframe production park, a production park producing associated equipment, and a reserved area.
As is planned, an investment of 1.12 billion yuan will be injected into the mainframe production park, which covers an area of 1,000 mu (about 66.67 hectares), and production lines of small sized and medium & large sized hydraulic excavators will be built, with the production capacity of each reaching 1,000 sets.
The annual sales revenue is expected to hit 10 billion yuan till the end of 2014.
Translator: Xie Jingjing