Zhan Chunxin: Construction machinery industry will recover at the end of this year or early next year

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“Although it is still in the down stage, from the current relevant projects approved by the state, the construction machinery industry will usher in a new upswing at the end of this year or early next year.” Zoomlion’s 2014 held on June 29th At the annual general meeting of shareholders, Zhan Chunxin, chairman of Zoomlion Co., Ltd., said.

In fact, in order to cope with the downturn in the construction machinery industry, the company is undergoing in-depth transformation and improving the construction of the “environmental industry sector, agricultural machinery sector, engineering machinery sector and financial sector”.

In 2015, the company completed the merger of Italy's Nadur Company and Anhui Huai'an Jiecheng, further consolidating the global environmental industry. "The environmental industry will definitely not be inferior to the engineering machinery sector. The company will turn the environmental industry into a billion-dollar industry that goes hand-in-hand with engineering machinery, making Zhonglian a full-scale solution provider integrating equipment manufacturing, environmental management and investment operations." Zhan Chunxin said.

In order to let the company's agricultural machinery sector sit on the top spot in the country, Zhan Chunxin said that he would seek excellent high-power engines and transmission equipment enterprises to realize the transformation of the agricultural machinery sector from the low-end to the high-end.

Zoomlion Group Finance Co., Ltd. was officially opened on June 15th. The finance company will become the global intensive fund management center, financial integration service center and industry-integration center of Zoomlion Group.

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