Zoomlion has begun work on its new excavator factory in Changsha, capital of China’s Hunan Province, which will produce $2.8bn worth of machinery each year.
The giant factory will span 100 hectares and is expected to produce 33,000 excavators a year. Utilising advanced technologies such as artificial intelligence (AI) and the industrial internet of things (IIoT), Zoomlion aims to upgrade its workshops and products to transform its service and management and create a world-class intelligent manufacturing base.
Zoomlion Vice President, Fu Ling, said the factory would comply with international standards, and allow the company to increase its share of a booming domestic market.
China's construction machinery industry has grown exponentially in recent years. According to the China Construction Machinery Association, the country's 25 leading excavator makers sold a total of 137,000 units from January to June, up 14.2 percent year on year. China's 25 leading excavator manufacturers surged 45% year on year in 2018.
Zoomlion has manufacturing bases around the world, among which there are 14 large industrial and technological parks in China, including Zoomlion Science and Technology Industrial Park, and also five industrial and technological parks overseas, including CIFA Industrial Park in Italy, M-TEC Industrial Park in Germany, India Industrial Park, Brazil Industrial Park and Belarus Industrial Park.
Zoomlion covers more than 100 countries and regions worldwide and has already made market arrangements to follow the Belt and Road initiative. Zoomlion products have been well sold to the markets in the Middle East, South America, Africa, Southeast Asia, Russia as well as many high-end markets in the USA, Europe and Australia.
The company has subsidiaries in nearly 20 countries in East Asia, Southeast Asia and Europe, alongside more than 50 resident offices around the world. Centred on the UAE and Brazil, a logistics network and parts supply system with worldwide coverage is gradually being set up.