August 16, the foundation laying ceremony of Shanghai Songjiang Idustrial Project & Zoomlion Shanghai Idustrial Park 2nd Phase Project was held in Shanghai.

The project will cover an area of 106.56 mu with an investment of 350 million Yuan. It will be completed in 2014 and the major infrastructure will be completed at the end of 2013. It is predicted that the industrial park will achieve the annual output of 200 sets of large tonnage rotary drilling rig, 100 sets of diaphragm wall machines and 300 sets of drill stem products. And the production value will be about 4 billion Yuan, and the annual profit of 510 million Yuan.

About Zoomlion

Zoomlion Heavy Industry Science & Technology Development Co., Ltd. (hereinafter referred to as “Zoomlion”), founded in 1992 and listed on both Shenzhen Stock Exchange (stock code: 000157) in 2000 and Hong Kong Stock Exchange (stock code: 01157) in 2010, is mainly engaged in the R & D and manufacturing of advanced technologies and equipment for national key infrastructure construction projects, including construction engineering, energy engineering, environment engineering and transportation engineering projects. With a registered capital of RMB 7.706 billion and a workforce of over 30,000 employees, Zoomlion’s subordinate operation units achieved an sales revenue of nearly RMB 85 billion with a tax contribution of more than RMB 12 billion in 2011, ranking 7th in the global construction machinery industry.

In the past 20 years since its establishment, Zoomlion maintained an annual average compound growth rate of over 65% and has become the fastest growing global construction machinery enterprise. Zoomlion provides 13 categories, 86 series, over 800 varieties of leading products with completely independent intellectual property rights, and is a global construction machinery enterprise with the most complete product chain. The company’s two business segments, concrete machinery and hoisting machinery, both rank second in the globe.