www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Zoomlion steers into farming as property sector slows

By Lyu Chang (China Daily) Updated: 2015-09-21 07:36

Zoomlion steers into farming as property sector slows

A Kazakhstan businessman tries to get information from a Chinese staff member about a China-made tractor during a trade event early this year in Guangzhou, Guangdong province. [Photo provided to China Daily]

Chinese construction equipment company rolls out agricultural vehicles to beat the property slowdown

A leading Chinese construction equipment company is switching its focus to the farming industry by rolling out tractors instead of cement mixers as the property sector slows.

Zoomlion Heavy Industry Science and Technology Development Co is expanding its overseas presence and targeting Southeast Asian and Central Asian countries such as Cambodia, Vietnam, Pakistan and Kazakhstan.

Last year, the company, based in Changsha, Hunan province, exported more than 4,600 combine harvesters and tractors worth 300 million yuan ($47.2 million).

Although overseas orders accounted for just 10 percent of the company's overall business in 2014, Zhang Jianjun, a senior executive at the company, is confident that figure will increase to between 30 percent and 40 percent during the next five years.

"We believe the agricultural equipment market will be a major force in driving growth," he said.

"This is all part of the company's long-term strategy of global expansion in countries involved in the Belt and Road Initiative. This should help us secure huge overseas orders."

Zhang was referring to the blueprint unveiled by President Xi Jinping in 2013. The Belt and Road Initiative is a trade and infrastructure network that includes the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

The network connects Asia, Europe and Africa, and passes through more than 60 countries and regions with a population of about 4.4 billion.

"We have kept an eye on the markets which are being targeted by the Belt and Road Initiative," Zhang said.

In a move to stay competitive, Zoomlion diversified its business in 2012 after reporting sluggish profit.

A year later, the company, which employs nearly 30,000 workers, set up its first agricultural machinery plant in Bishan, a district of Chongqing.

Zhan Chunxin, chairman and CEO of Zoomlion, pointed to the huge growth potential, which might even surpass the company's core business of construction machinery in the years ahead. "The move is expected to help build a regional industry cluster worth 10 billion yuan," he said.

From January to June this year, the Chinese manufacturer reported revenue of 10.6 billion yuan, a drop of 24.4 percent compared to the same period in 2014, according to the company's mid-term financial report.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲欧美网 | 国产成人精品久久 | 国产欧美一区二区成人影院 | 日韩亚洲人成网站在线播放 | 欧美精品日日鲁夜夜添 | 亚洲激情欧美 | 男女免费观看在线爽爽爽视频 | 久久久久久全国免费观看 | 一级美女黄色片 | 久久在线精品 | 国产成人精品视频一区二区不卡 | 国产精品成人免费视频 | 欧美性色高清生活片 | 成人欧美网站免费 | 亚洲高清毛片 | 亚洲综合首页 | 色视频在线免费 | a级男女性高爱潮高清试 | 在线播放另类 | 特级一级毛片免费看 | 永久精品免费影院在线观看网站 | 美女精品永久福利在线 | 精品成人免费一区二区在线播放 | 12345国产精品高清在线 | 91av小视频 | 福利片成人午夜在线 | 欧美中文字幕在线视频 | 国产精品三区四区 | 欧美精品videosbestsex另类 | 日韩中文字幕在线亚洲一区 | 亚州色吧 | 91久久久久久久 | 日韩一级欧美一级在线观看 | 国产一级片播放 | 狠狠色狠狠色综合日日32 | vvvv99日韩精品亚洲 | 亚洲国产精品久久精品成人 | 亚洲欧美日韩另类精品一区二区三区 | 美女黄网站色一级毛片 | 成人影院一区二区三区 | 日本午夜人成免费视频 |