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CHANGSHA, China, March 16, 2022 /PRNewswire =KYODO JBN / --

The China-proposed Belt and Road Initiative (BRI) has carved out a path for the

world to consolidate economic cooperation by creating a platform for promoting

multilateralism, inclusive growth, peace and cohesion. In line with the vision

of BRI, Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion",

1157.HK), a leading high-end equipment manufacturing enterprise, is advancing

its pledge to bring commercial and economic prosperity to the rest of the world

through BRI, building a global community with a shared future.

While BRI is evolving into a beacon of economic growth for participating

countries, Zoomlion has set up multiple R&D hubs and trade platforms across the

globe and has been providing products and services in over 80 countries,

serving customers in sectors including hydropower, nuclear power, road, and

bridge construction. Its ongoing construction of BRI projects, designed for

both commercial and cultural purposes, have been game-changers in those

countries where they have fuelled connectivity, creativity, and trade

activities. Landmark projects include Padma Bridge which is dubbed "the Dream

Bridge of Bangladesh," Colombo Lotus Tower, and Iconic Tower in Egypt.

Zoomlion has made six acquisitions over the past few decades, through which the

company has forged a greater creative synergy to drive innovation in the global

machinery industry, unleashing new possibilities brought by its

state-of-the-art technology to boost productivity and efficiency. Despite the

lingering effects of the COVID-19 pandemic in 2021, all the companies acquired

by Zoomlion have achieved 30 percent year-on-year increase in revenue, helping

the local government to boost employment and tax revenue.

Zoomlion's acquisition of Compagnia Italiana Forme Acciaio SpA (Cifa), a

leading machinery innovators and manufacturers based in Italy, demonstrated

Zoomlion's five pillar management strategy of inclusiveness, rules,

responsibility, co-creation, and sharing.

Cifa has been incorporated into Zoomlion's management system while maintaining

its operational independence, which enabled the two companies to strengthen

their mutual ties and respective prowess on the front of technology

development, market expansion and production. Working in conjunction with

Cifa's engineers, Zoomlion developed the world's tallest concrete pump with a

101-meter boom that still holds the Guinness World Record today.

"To generate sustainable growth and create a shared future, we need to deepen

our localization strategy, respect and further integrate with local culture and

regulations," said Zhan Chunxin, Chairman and CEO of Zoomlion.

Source: Zoomlion

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