@ BICES: Zoomlion Eyes Ag, Truck Markets
The Chinese construction equipment company Zoomlion said it is planning to move into the agricultural market and also growing its heavy truck plans. Zoomlion made the announcement at this week’s BICES construction equipment show near Beijing.
For the ag sector the company said it is developing a product research center near Chicago, Ill. in the U.S. Product details were light, but the company said it will develop large machines for northern China and then into southern China for small sized machines, executives said.
"We will seek opportunities to do this through collaboration and mergers and acquisitions", said a spokesman. He added, "for heavy trucks we will collaborate with the best companies in the world to develop them (heavy trucks) in China."