Zoomlion Heavy Ind Science & Stock Price, News & Analysis

Zoomlion Heavy Industry Science & Technology Co., Ltd. will showcase 22 products tailored for the North American market at CONEXPO-CON/AGG 2023 in Las Vegas from March 14 to 18. The event, North America's largest construction trade show, will emphasize Zoomlion's commitment to green manufacturing and technological innovation. Key offerings include six models of G-series excavators, a ZTR1100D533 off-road crane, and a 50X-6RZ pump truck. Established in the US since 2007, Zoomlion has focused on global business transformation, supported by an R&D center and a comprehensive local network for sales and logistics.

On February 9, 2023, Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) deployed a rescue team and excavators to assist in earthquake relief efforts in Hatay, Türkiye, following severe tremors that struck the region. A magnitude 7.7 earthquake occurred in Kahramanmaras province, with subsequent quakes causing significant destruction. Zoomlion's team, comprised of professional engineers and machine operators, provided crucial support by sending 18 excavators along with emergency supplies such as blankets and food. Their efforts resulted in the successful rescue of four survivors from a collapsed building, marking a dedicated response to the humanitarian crisis.

On February 6, 2023, two powerful 7.8-magnitude earthquakes struck southeastern Turkey, causing significant casualties and damage. Zoomlion quickly mobilized a rescue team and excavators to Hatay province, one of the worst-hit areas. By February 8, after over 30 hours of continuous work, the team had successfully rescued more than 20 individuals from the debris.

Equipped with electric blankets, emergency supplies, and machinery, Zoomlion's crew faced challenges, including power outages. They used basic tools to create rescue channels, showcasing resilience and dedication in crisis response.

On January 29, 2023, Zoomlion Heavy Industry Science & Technology Co., Ltd. delivered products worth more than 1 billion yuan ($148 million) as part of its global growth strategy. This included over 200 engineering cranes valued at over 400 million yuan ($60 million) and nearly 100 million yuan ($15 million) in new equipment. The company's concrete machinery maintained the top domestic sales in 2022, delivering nearly 100 million yuan worth of equipment in January 2023. Additionally, the aerial working platform business delivered products worth over 200 million yuan ($30 million) this January, signifying a robust outlook and growth potential for Zoomlion in 2023.

On January 4, 2023, Zoomlion Heavy Industry Science & Technology Co. unveiled 32 new energy equipment products and 14 green key components as part of its commitment to sustainable development. This initiative encompasses various sectors, including concrete pumping and mixing trucks. The company achieved a 60% market share in new energy aerial work machinery in 2022.

Zoomlion has made significant advances in lithium battery and hydrogen energy technologies, with 80% of new energy components developed in-house. The firm also introduced innovative machinery, such as the world's first pure electric crawler crane.

Zoomlion Heavy Industry has launched the industry's first intelligent construction packaged solution on December 15, 2022, in Changsha, China. This advanced system features a fleet of 11 intelligent construction equipment pieces, enabling full-process, unmanned construction. Key innovations include the iCES intelligent scheduling system for BIM tasks, a MAS multi-intelligent equipment cooperation system for obstacle prevention, and a 4DT digital twin system enhancing efficiency. These technologies aim to reduce construction time by up to 30% and increase manpower efficiency by 300%, reflecting Zoomlion's commitment to intelligent transformation in construction.

Zoomlion Heavy Industry Science & Technology Co., Ltd. secured a global bid for tower cranes at Lusail Stadium, Qatar, utilized from 2018 to 2021. The TC8039-25 cranes, featuring an unsupported height of 87 meters, played a vital role in the stadium's construction, which holds six world records. The project utilized 100,000 tons of steel over a 45,000 square meter area. Each crane achieved over 15,000 working hours, contributing significantly to the construction's success.

On November 15, 2022, Zoomlion celebrated its 30th Anniversary by announcing the launch of its first excavator produced through intelligent manufacturing at the Excavation Machinery Smart Park. This facility, part of the Smart Industrial City, boasts an impressive production rate of an excavator every six minutes and an annual production capacity of 50,000 units, generating an output value of 30 billion yuan (approximately US$ 4.22 billion). With advanced technologies including AI and 5G, Zoomlion continues to innovate, having developed over 150 industry-leading technologies.

Zoomlion Heavy Industry Science & Technology Co., Ltd. is showcasing a new series of tower cranes and pump trucks tailored for the European market at bauma 2022 in Munich. The R-generation tower cranes, including R220-10S and R90-5RE, offer advanced features such as superlift and precise control for efficient construction. Zoomlion's European subsidiary, Wilber, presents innovative lifting equipment, while CIFA introduces a cutting-edge hybrid concrete spreader. With 55 new products, half made in Europe, Zoomlion emphasizes its commitment to local markets amid its 30th anniversary.