Shandong Heavy Industry Group, headquartered in Jinan, Shandong Province, is Chinas leading multinational industrial equipment group with significant global influence. The Group owns well-known enterprises in China such as Weichai Power, SINOTRUK, SHACMAN, Weichai Lovol Intelligent Agriculture, Shantui, Lovol Construction Machinery, Zhongtong Bus, Fast Transmission, Hande Axle, as well as international well-known brands such as Ferretti in Italy, KION Group and Linde Hydraulics in Germany, Dematic and PSI in the United States, Baudouin in France, Ballard in Canada, etc. It has 12 listed companies and 13 stocks, with an asset securitization rate of more than 95%. The Group has an annual revenue of more than 500 billion yuan and a total profit of more than 20 billion yuan with 150,000 employees worldwide. Weichai Group ranked 18th among Chinas Top 100 multinational companies in 2022, with a transnational index of 39.06%.
The main business of the Group covers six segments including power system, commercial vehicles, agricultural equipment, construction machinery, intelligent logistics and marine transportation equipment. The Group’s sales of heavy-duty engines, heavy-duty transmissions and heavy-duty trucks are the first in the world, the forklifts and luxury yachts of the Group are the worlds leading, and the Group’s sales of agricultural equipment and bulldozers are the first in China. The products are sold to over 150 countries and regions all over the world.
The Group has state-level R&D platforms such as the State Key Laboratory of Engine and Powertrain System, the National Fuel Cell Technology Innovation Center, the National Internal Combustion Engine Industry Measurement and Testing Center, etc. It has also established cutting-edge technology innovation centers in different countries in the world. It twice won the first prize of National Scientific & Technological Progress both in 2016 & in 2018.
SHIG is devoting to become the world class industrial equipment multinational group. It fulfils its social responsibility and aim for a green-style, low-carbon consumption & high-quality development. It leads the industrial chain to high-end and mutual benefit. SHIG’s subsidiaries were rewarded as National Civilized Units, National Innovation Company, China Quality Award, China Industry Award, etc.
On Mar 8, 2018, Xi Jinping, General Secretary of the CPC Central Committee, participated in the deliberation of the Shandong delegation at the First Session of the 13th National Peoples Congress. General Secretary Xi affirmed the development of Weichai and said “With ten years of development, Weichai has handed in a brilliant and satisfying result. All successful companies reach their career peak through focusing on their main business.”