Shandong Heavy Industry Group Co., Ltd. (SHIG) is one of the leading automobile and equipment manufacturing groups in China, with global influence and comprehensive strength. Its headquarter is located in Jinan, Shandong and possesses over 80,000 employees all over the world. Shandong Heavy Industry Group’s main business covers Automobile, Engineering Machinery, Powertrain System, Intelligent Logistics, Luxury Yacht and Financial Service. The company also owns several listed companies as Weichai Power (H+A), Weichai Heavy Machinery, Shantui Construction Machinery, Zhongtong Coach, Asiastar Coach, Germany KION Group and America PSI. Weichai heavy-duty engine, FAST heavy-duty gearbox and Shantui bulldozer rank first in production and sales globally. SHACMAN heavy-duty truck, Zhongtong Coach, Hande heavy-duty axle and Torch sparking plug take the leading position in China. In addition, Ferretti yachts, KION forklift, Linde hydraulics and Dematic are all top brands in the world.
Always sticking to sustainable development driven by technology innovation, our company possesses National Key Labs of engine reliabilities, national enterprise technology centers, National Engineering and Technology Research Center of Commercial Vehicle Power System, National Intelligent Manufacturing Demonstration Base, National Specialization and Mass Innovation Space, the National Engine Laboratory that has passed the EPA certification in USA and set up postdoctoral workstations, postdoctoral workstations. Beyond all that, SHIG establishes frontier technology innovation center in America, Germany and Japan leading to the world first-class level in technology and research.
To realize the global presence of strategic business, SHIG adheres to the two-wheel drive of product management and capital operation and the balanced development both home and abroad. Since 2009, it has merged and acquired the 100-year-old Baudouin Engine Company in France and Linde hydraulics in Germany with localization, strategically restructured the Italy Luxury Yacht Company—Ferretti. It achieved strategic cooperation with the industrial forklift and service provider—KION and supported KION in the acquisition of automation logistics provider Dematic in the USA. Also, the company made strategic investment in America PSI, an alternative fuel power system provider--Ceres Power in the UK and hydrogen fuel cell provider Ballard Power in Canada. Meanwhile, SHIG established manufacturing bases in India, Thailand, Myanmar, Ethiopia, Belarus and Russia, to realize “the Belt and the Road” strategy and accelerate the manufacturing localization.
At the same time of rapid development, the company also fulfilled its social responsibilities and engaged in public welfare activities and charities, contributing to environmental development, poverty alleviation, disaster relief, and financial aid for education, which won high recognition from all walks of life. SHIG has been awarded the honorary titles of "National Civilized Unit", "National Advanced Primary Party Organization", "China Industry Award", "National Quality Award", "National Innovative Enterprise", "National Enterprise Culture Demonstration Base"， "China Trademark Gold Award --Trademark Innovation Award" and "China Quality Award".
In March 8th, 2018, the General Secretary Xi Jinping participated in the first meeting of the 13th Session of 2018 NPC&CPPCC. After listening to Tan Xuguang’s report, he made some important instructions: “After ten years of development, Weichai has handed in a brilliant performance record”, “All successful companies share the same characteristics as focusing on core businesses.”
SHIG aims to become a leading international industrial equipment group with core technology and sustainable development, which is led by complete vehicle & machinery and cored by the power system. The strategic goal of 2020-2030 is to surpass the world-class level in traditional business by 2020, and to lead the global industry in new energy business by 2030. With $100 billion in revenue, the company targets to be a respectable international enterprise and become one of the global fortune 500 companies with continuous improvement of competitiveness.