Zoomlion's Expanded Global Footprints: Deliveries, Exhibitions, and Project Engagements Recognized Worldwide

Rhea-AI Summary

Zoomlion Heavy Industry Science & Technology Co., (ZLIOY) is expanding its global presence with significant achievements across various regions. The company secured orders worth 200 million yuan in Dubai and 100 million yuan in Saudi Arabia during recent events. In Southeast Asia, Zoomlion participated in Malaysia's East Coast Railway project and delivered nearly 30 units of advanced mining equipment in Indonesia. The company's market share for concrete pump trucks in Brazil has risen to over 70%. In Europe, Zoomlion's mini excavators garnered attention at Poland's eRobocze Show. In Africa, the first batch of rotary drilling rigs was delivered to Nigeria, with orders reaching nearly 50 million yuan. These developments showcase Zoomlion's commitment to providing localized engineering solutions and strengthening its position in the global construction machinery market.

Positive

• Secured orders worth 200 million yuan in Dubai and 100 million yuan in Saudi Arabia
• Delivered nearly 30 units of advanced mining equipment in Indonesia
• Market share for concrete pump trucks in Brazil increased to over 70%
• Received orders for rotary drilling rigs in Nigeria worth nearly 50 million yuan
• Expanded global presence with new branch in Brazil, increasing local offices to 12

Negative

• None.

News Market Reaction

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Tailoring engineering solutions to propel international growth

CHANGSHA, China, Aug. 7, 2024 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion", 01157.HK), a leading manufacturer of advanced equipment, continues to excel in the global market, showcasing remarkable performance across diverse regions from the scorching deserts of the Middle East to the complex mining landscapes of South America. The company remains dedicated to delivering engineering machinery solutions that cater to local needs, driving forward with a dual approach of international expansion and localized development.

Zoomlion's products continue to perform well in global markets. From the hot deserts of the Middle East to the complex mines of South America, the company remains committed to providing engineering machinery solutions that best suit local needs.

In a celebration marking the 17th anniversary of its Gulf subsidiary in Dubai, Zoomlion secured orders worth 200 million yuan (US$27.6 million) and nearly 100 million yuan (US$13.8 million) at Tabuk Customer Day in Saudi Arabia. The Company is also involved in high-speed railway construction and Riyadh King Salman Park projects with localized solutions that meet the specific needs of the region.

In Southeast Asia, a groundbreaking ceremony for East Coast Railway's Gombak Station was held recently in Malaysia and a batch delivery ceremony of mining machinery was successfully held in Sumatra, Indonesia, where Zoomlion handed over nearly 30 units of advanced mining equipment including the ZT105 dump trucks and ZE750G excavators.

Zoomlion opened a new branch in Itajaí, Brazil, increasing its local offices to 12 and its market share in concrete pump trucks rose to over 70%. Zoomlion also showcased machinery at Chile's Exponor, offering competitive products and solutions.

At Poland's eRobocze Show this June, Zoomlion's mini excavators received significant attention. The compact yet powerful machines demonstrated their versatility and efficiency, appealing to the European market's specific needs.

In Africa, the first batch of Zoomlion rotary drilling rigs was successfully delivered to Nigeria to support natural gas extraction projects. To facilitate the rapid construction of the project, the total value of the rotary drilling rigs ordered by the local natural gas mining supporting facilities project construction party reached nearly 50 million yuan (US$ 6.9 million).

Zoomlion's recent achievements have solidified the Company's reputation around the world and the brand is now synonymous with efficient, high-quality, and environmentally friendly construction machinery.

 

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SOURCE Zoomlion

FAQ

What major orders did Zoomlion (ZLIOY) secure in the Middle East recently?

Zoomlion secured orders worth 200 million yuan (US$27.6 million) in Dubai and nearly 100 million yuan (US$13.8 million) at Tabuk Customer Day in Saudi Arabia.

How many units of mining equipment did Zoomlion (ZLIOY) deliver in Indonesia?

Zoomlion delivered nearly 30 units of advanced mining equipment, including ZT105 dump trucks and ZE750G excavators, in Sumatra, Indonesia.

What is Zoomlion's (ZLIOY) current market share for concrete pump trucks in Brazil?

Zoomlion's market share for concrete pump trucks in Brazil has risen to over 70%.

Where did Zoomlion (ZLIOY) showcase its mini excavators in Europe?

Zoomlion showcased its mini excavators at Poland's eRobocze Show in June, where they received significant attention.

What was the value of rotary drilling rigs ordered by Zoomlion (ZLIOY) customers in Nigeria?

The total value of rotary drilling rigs ordered by the local natural gas mining project construction party in Nigeria reached nearly 50 million yuan (US$6.9 million).