Shandong Heavy Industry
| Shandong Heavy Industry Group Co., Ltd
|
|
|---|---|
 |
|
| legal form | Limited |
| founding | 1946 |
| Seat |
 People's Republic of China , Jinan
|
| management | Tan Xuguang (CEO) |
| sales | $ 15.46 billion |
| Branch | mechanical engineering |
| Website | www.shig.com.cn |
| As of December 31, 2012 | |
Shandong Heavy Industry is a Chinese state-owned manufacturer of commercial vehicles and construction equipment founded in 1946. The Shandong Heavy Industry Group includes the companies Weichai Power , Weichai Heavy Machinery , Yaxing Motor Coach and Shantui Construction Machinery , the largest bulldozer manufacturer in the world, and the Italian yacht manufacturer Ferretti .
history
The company was founded in 1946 as Weichai Holding Group Co and renamed Shandong Heavy Industry Group Co., Ltd on June 18, 2009 .
At the beginning of 2012, the Italian yacht manufacturer Ferretti was taken over.
On January 1, 2013, Weichai took over 70% of the shares in Linde Hydraulics from Linde Material Handling . The Kion Group , in which Weichai holds a 38.3% stake , continues to hold 30% of the shares in the hydraulic subsidiary .
As of 2018, Weichai holds 90% of Linde Hydraulics and 10% of the KION Group, with Weichai holding 45% of the KION Group.
In October 2019, Shandong Heavy Industry took over a 45% stake as the majority shareholder of the Sinotruk Group .
Footnotes
- ↑ a b Jennifer Chen: Shandong Heavy Industries Group to accelerate overseas expansion. China Automotive Review, July 1, 2012, accessed July 14, 2016 .
- ^ Company Overview of Shandong Heavy Industry Group Co., Ltd. Bloomberg, accessed July 14, 2016 .
- ↑ Chinese company takes over Ferretti Group. January 11, 2012, accessed on January 14, 2013 (German).
- ↑ n-tv : Weichai Power and KION Group enter into long-term strategic partnership , July 24, 2012
- ↑ Shandong Heavy Industry Group And China National Heavy Duty Truck Group Reorganized
- ^ Shandong Heavy Industry controls China National Heavy Truck Corporation, creating an integration model before the reorganization