Founded in 1946, Weichai Holding Group is currently one of China’s strongest producers of automobile equipment. It has more than 50,000 employees worldwide and came in 109th on the 2012 list of China’s 500 most successful companies, 39th on the list of Chinas top 500 manufacturers, and 2nd on the list of China’s top 100 machinery enterprises.
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Established in 1980, Shantui Construction Machinery Co., Ltd. is a backbone Chinese enterprise that is specialized in the production and sale of complete machines and key components of earthmoving machinery, compacting machinery, pavement machinery, construction machinery, construction and hoisting machinery, and more. It ranks among the top 50 construction machinery manufacturers and also among China’s top 500 companies. The company’s products include bulldozers, pipelayers, trimming bulldozers, road graders, wheel loaders, road rollers, garbage trucks, concrete mixer trucks, truck-mounted concrete pumps, crawler cranes, aerial work carriages, fire trucks, crawler chassis, track roller, carrier roller, sprocket and idler for construction machinery, transmission parts, metal components in 10 major categories and products for more than 140 different models.
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Shandong Automobile Industry Group Co., Ltd. is a business conglomerate that was established with the approval of the Shandong Provincial Government. The Group has eleven subsidiary companies which include Shandong Mingshui Automobile Parts Factory, Shandong Automobile Spring Factory, Shandong Automobile Industry Group Co., Ltd, Yantai Branch, Shandong Daewoo Parts Co., Ltd., and more. These subsidiaries possess total assets of RMB 3 billion. Its main operations are manufacturing and sales of complete vehicles and vehicle parts, sales and service for automobile products, automobile materials circulation service, import-export of complete vehicles and related parts. Over nearly 20 years of development, the Group has taken the initiative of establishing an R&D center, a production line and a marketing system network, and it has the capability of producing components and developing brands for light vehicles, heavy vehicles, retrofitted vehicles, commercial vehicles and limousines. Among these, the production capacity for light vehicles is 200,000 and 100,000 for medium and heavy vehicles. There is also spare parts production for light and heavy vehicles as well as limousines and construction machinery. The company enjoys a good reputation for production of spare parts for vehicles in the domestic market.
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Strong Construction Machinery Co., Ltd is a wholly owned subsidiary that is engaged in the production of excavators and also providing applicable, efficient and environment-friendly labor tools.
The company has two production bases in Linyi and Jining that cover a total area of over 790,000 square meters. They also have a construction area of over 170,000 square meters and total investment that reaches RMB 5 billion. The designed annual production capacity for excavators at phase I is 20,000 units with manufacturing capabilities and standards that have a high reputation within the industry. The company has two brands. Its two product lines have an average capacity ranging between 0.8 and 70 tons, and the company also has a market coverage of more that exceeds 99%.
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Strong Financial Leasing Co., Ltd. (hereinafter referred to as “Strong Leasing”), a subsidiary of Shandong Heavy Industry Group, was part of the 6th batch of domestic capital financial leasing pilot enterprises approved by China’s Ministry of Commerce. It is incorporated in Beijing with a registered capital of RMB1100 million.
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Established on June 11th, 2012, Shandong Heavy Industry Group Finance Co., Ltd. is a non-banking financial institution that is jointly funded by Shandong Heavy Industry Group, Weichai Power Co., Ltd., Weichai Heavy Machinery Co., Ltd. and Shantui Construction Machinery Co., Ltd. It has received approval from the China Banking Regulatory Commission, and its address is registered as No. 40-1 Yan Zi Shan Xi Road, Ji’nan, Shandong Province.
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