在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

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: 最新国产在线视频 | 久久无码精品一区二区三区 | 午夜激情免费在线观看 | 日本三级网 | 99精品免费在线 | 91精品国产色综合久久 | 国产成人精品一区二区 | 免费看黄色的网站 | www.一区| 欧美激情在线播放 | 成人深夜福利视频 | 日韩av在线免费播放 | 欧美性猛交一区二区三区精品 | 免费观看一级特黄欧美大片 | 天天色天天草 | 韩国精品一区 | www,99热 | 在线干 | 国产欧美一区二区视频 | 亚洲免费视频在线观看 | 亚洲国产精品久久精品怡红院 | 性色在线视频 | 日韩激情网站 | 日韩黄色在线 | 国产激情免费 | 日韩视频一区二区 | 漂亮少妇videoshd忠贞 | 国产精品视频网站 | 国产亚洲精品成人av久久影院 | 日韩视频在线观看中文字幕 | 狠狠色噜噜狠狠狠8888米奇 | 在线播放黄色 | 精品久| 99国产精品99久久久久久 | 国产精品99久久久久久久久久久久 | 欧美性猛交一区二区三区精品 | 精品久久久久久久久久久 | 国产精品一区二区久久精品涩爱 | 国产精品婷婷久久久久 | 久草99| 老司机午夜免费精品视频 |