Zoomlion Strives for Win-win Cooperation with International Companions

Zoomlion’s first tower crane co-developed by China and Germany now launches in Europe

CHANGSHA, China, July 27, 2022 /PRNewswire/ — Zoomlion Heavy Trade Science & Expertise Co., Ltd. (“Zoomlion;” 1157.HK) has formally launched W220-10S, its first flat-top tower crane collectively developed by China and Germany, within the European market this June. The discharge is one more milestone of Zoomlion reaching win-win outcomes with the acquired firm.

W220-10S, the first flat-top tower crane jointly developed by the Chinese and German teams

“On the event of the Worldwide Day of Friendship, the Firm hopes to focus on its win-win method to cooperation, that it is about inclusiveness, friendship, guidelines, co-innovation and sharing, and need to work with our international companions to deliver higher services and products to all clients.

Along with WILBERT, a number one luffing jib tower crane producer and Europe’s third-ranking tower crane rental firm, Zoomlion developed the brand new W220-10S to characteristic changes particularly localized for the European market, delivering all-around upgrades of security, intelligence, comfort, financial effectivity and customization.

Dr. Michael Medingbasic supervisor of Zoomlion Wilbert, famous that the brand new tower crane is the primary localized product collectively developed by the Chinese language and German groups, and its design and manufacturing have absolutely taken benefit of each corporations.

Zoomlion’s intensive cooperation with international companions has introduced mutually helpful outcomes. In 2008, Zoomlion acquired CIFA of Italy, the third largest concrete equipment producer on the time, and has since achieved steady breakthroughs within the European market. CIFA has additionally established a manufacturing unit in China that additional strengthens its product growth and model competitiveness within the following 12 months.

In 2015, Zoomlion began to work with the MAZ truck group in Belarus. Combining Zoomlion’s development equipment applied sciences and manufacturing capabilities with MAZ’s heavy truck chassis, the 2 corporations developed and manufactured three truck cranes and sanitation sweepers in solely seven months that met the native market demand.

In 2021, regardless of the affect of COVID-19, the income of corporations acquired by Zoomlion abroad has grown by greater than 30 % year-on-year, creating extra jobs and growing tax revenues that have been extremely acknowledged by native authorities and enterprise communities.

“As an organization, we must always localize our operations, respect the native guidelines, mix within the native tradition and purpose for win-win cooperation with our international companions, Zoomlion hope to cooperate with extra corporations to deliver new alternatives and search mutually helpful growth, mentioned Zhan Chunxin, chairman and CEO of Zoomlion.

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