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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