Founded in 1992, Zoomlion Heavy Industry Science & Technology Co., Ltd. is mainly engaged in developing and manufacturing major high-tech equipment in the areas of the engineering industry, energy engineering environmental engineering traffic engineering and so on. With many years of innovation, the company is now a global enterprise. The company was listed on the Shenzhen Stock Exchange in 2000 (referred to as "ZOOMLION", stock code 000157), and was listed on the Hong Kong Stock Exchange in 2010 (stock code 01157). The registered capital of the company is 7 billion 706 million yuan and has more than 30 thousand staff. In 2011, the company's subordinate branches achieved sales revenue of nearly 85 billion yuan and profit taxes exceeded 12 billion yuan, ranking seventh in the global construction machinery industry.
In 2017, ZOOMLION accepted the purchase of a new large-tonnage crane from a large multinational contractor in Kuwait for their new project, Live maintenance project of EHV power transmission network of Kuwait national hydropower Ministry.
The Zoomlion Truck Crane
has undergone two tests. The first test is the high temperature operating environment. Kuwait ranks first among the ten hottest cities in the world. During the day of summer, the temperature in desert construction sites reaches 60 degrees. It is unbearable under such weather. The second test is the accuracy of the operation. Because all the surrounding extra high voltage transmission network, any operation error may cause the catastrophe. This requirement is more strict. In the case of the seven section of the main arm of the crane and full extension of 72 meters, it also needs to keep the contraction, rotation, amplitude, lifting and other movements smoothly.
Under The Belt and Road initiative by the country, ZOOMLION constantly increases the investment in scientific and innovative research, optimize the product structure and localize the product’s design. It breaks the monopoly for some products by foreign brands in a number of the overseas markets. Liu Yang said: "looking forward to the market competition in the future, there will be more and more ZOOMLION machinery and equipment to break the dominant position of foreign brands, and to show the world the strength of the national industry."