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Founded on June 18th, 2009, Shandong Heavy Industry Group is a wholly state-owned company that was established together with Weichai Holding Group, Shandong Construction Machinery Group and Shandong Automobile Industry Group. Its founding was facilitated by the Shandong Party Committee and the provincial government. With total assets of RMB 94 billion, the Group now has more than 60,000 employees worldwide, 7 wholly-owned subsidiaries and 5 listed companies with 6 stocks. It has issued stock under the symbols Weichai Power 2338HK/000338SZ, Weichai Heavy Machinery 000880SZ, Yaxing Coach 600213SH , Shantui Construction Machinery 000680SZ, and KION DE000KGX8881 at Frankfurt Stock Exchange. The sales volumes of Weichai high-power high-speed engine, Shantui bulldozer and FAST heavy-duty transmission are the highest in the world. In 2011, the Group reached the sales target of RMB122.5 billion and achieved total profits of RMB 8.6 billion. This makes it both one of China’s leading equipment manufacturers as well as an important company in the global market.

Shandong Heavy Industry Group has established four operation centers in Jinan, Weifang, Shanghai and Beijing with five main business segments: the engine segment is centered in Weifang, Chongqing, Yangzhou and France (Baudouin Company) ; the construction machinery segment is based in Jining, Linyi (Shandong Province)  Fushun (Liaoning Province), Wuhan (Hubei Province)and Germany (KION Company); the commercial vehicle and drivetrain system segment is centered in Xi’an and Yangzhou; the components segment is centered in Shandong and Zhuzhou (Hunan Province); and the yacht business segment consists of Weichai Group subsidiary Feretti (Italy). The landscape has become increasingly comprehensive.

The strategic goals of the Group are to strive towards becoming the world’s leading sustainable equipment manufacturer with core technology, to become an internationally first-class equipment manufacturer and to be listed among the world’s top 500 companies.

Introduction of Shandong Heavy Industry Group

Lu ICP 13023186 No.    Shandong Heavy Industry Group Co., Ltd. All rights reserved