Zoomlion

– **History**:
– Founded in 1992 in Changsha, China.
– Initial products were concrete pumps.
– Originated from a subsidiary founded in 1956 in Beijing.
– Early acquisitions included merging with smaller entities.
– Made an IPO on the Shenzhen Stock Exchange in 2000.

– **Acquisitions**:
– Acquired the British company Powermole in the early 2000s.
– Purchased Italian concrete machinery manufacturer, Cifa, in 2008.
– Acquired Chery Heavy Industry in August 2014.
– Sold its environmental unit in May 2017 for 11.6 billion yuan.
– Zoomlion intended to modernize China’s agricultural machinery industry.

– **CCTV Presentation**:
– Featured in a 2001 CCTV documentary.
– Presented an advertisement on CCTV in May 2004.

– **Fraud Accusations**:
– Accused of fraud in May 2013 by Chinese newspaper New Express.
– Trading of Zoomlion’s stock was temporarily suspended.
– Reporter Chen Yongzhou was arrested.
– New Express published a plea for his release in October 2013.
– Zoomlion’s share price decreased by 9%.

– **Operations**:
– Subsidiaries may include Changsha Construction Machinery Research Institute.
– Changsha Zoomlion Haiqiang Concrete Co Ltd.
– China Engineer Machinery Academy Concrete Machinery Session.
– Compagnia Italiana Forme Acciaio SpA (Cifa) – acquired in 2008.
– Hunan Machinery Branch Company.