Chinese crane and construction equipment manufacturer Zoomlion has announced that its tower crane sales exceeded 10 billion yuan ($1.43 billion) in 2019, adding that it is the first manufacturer to achieve this level, confirming worldwide market leadership.
The announcement was made during a ground breaking ceremony for phase two of its new ‘Intelligent Plant’ in Changde City, which was combined with the launch of its new 'Cross Generation' W series of cranes and a major sales meeting for its dealers and major customers.
The company is investing 950 million Yuan ($135.9 million) in the new facility, which will include 16 new production lines, 150 robots and 10,000 data sensors and will incorporate 'networked, intelligent production management and smart decision making'. The phase two factory will build the highest capacity tower cranes alongside the smallest cranes and hoists in the company’s range.
Phase I of the new tower crane factory is fully operational and according to the company has contributed significantly to its record sales levels, thanks, it says, to the competitive advantage it provides.
During the sales/dealer meeting the company claims to have received new orders for around 6,600 cranes, worth five billion yuan ($716 million), with 300 of the attendees making purchases.
The company is the clear market leader in China, but also has a significant market share in a number of export markets, particularly in South East Asia.
Chief executive Zhan Chunxin said: "Zoomlion's construction hoisting machinery business has grown from a small machinery company in Changde City into a 10 billion scale multi-sector enterprise in just 14 years and is now the largest tower crane manufacturer worldwide. Zoomlion is now in a better position than ever to make greater contributions to the development of the industry and provide greater value for our partners and customers."