Latest news with #Zoomlion
DW
2 days ago
- Business
- DW
China's Zoomlion takes over German agri-tech firm Rabe – DW – 06/19/2025
The Chinese machinery giant has acquired Rabe because of its innovative tilling technology. Zoomlion uses Rabe to expand its agricultural machinery division and wants to open up new sales channels in the EU. China Invests in German Agricultural Technology Germany's agricultural technology sector is facing significant changes, driven in part by Chinese investment. One notable example is the acquisition of the historic German tillage equipment manufacturer Rabe by Chinese construction machinery giant Zoomlion. Rabe, once a thriving family-run company, struggled with generational transitions and financial instability, ultimately leading to insolvencies. Today, under Chinese ownership, Rabe is not only revitalizing its innovative product line but also leveraging its expertise in precision plowshares to expand into the Chinese market. This collaboration allows German-engineered agricultural equipment to find a new market abroad while benefiting from Zoomlion's manufacturing advancements. A Strategic Partnership Reshaping the Market Despite initial concerns about the long-term intentions of Chinese investors, Zoomlion has actively supported Rabe's redevelopment, helping it modernize production processes and regain competitiveness in Europe. The partnership has also paved the way for Chinese agricultural machinery to enter the German and European markets through Rabe's existing distribution network. With advanced automation and cost-effective production in China, these machines are being adapted for European standards, ensuring compliance and usability in the region. The exchange of technical expertise between Germany and China highlights the growing integration of global markets and the increasing role of Chinese capital in European industries. What Does Chinese Investment Mean for Germany? While concerns over foreign ownership of key industries remain, the Chinese investment in Rabe illustrates a potential positive outcome: preserving jobs, fostering innovation, and ensuring the survival of legacy German manufacturers that might otherwise have disappeared. This trend could enhance competition, drive technological development, and encourage more cross-border collaboration. However, questions remain about long-term control and economic dependency. As China continues to invest in German technology sectors, careful oversight and balanced partnerships will be crucial in maintaining Germany's industrial independence while benefiting from international cooperation. This video summary was created by AI from the original DW script. It was edited by a journalist before publication.
DW
2 days ago
- Business
- DW
China invests in German agricultural technology – DW – 06/19/2025
Rabe is back with innovative tillage! Chinese manufacturer Zoomlion uses Rabe to expand its agricultural machinery division and opens up new sales channels in the EU – a milestone for sustainable agricultural technology. Chinese Invests in German Agricultural Technology Germany's agricultural technology sector is facing significant changes, driven in part by Chinese investment. One notable example is the acquisition of the historic German tillage equipment manufacturer Rabe by Chinese construction machinery giant Zoomlion. Rabe, once a thriving family-run company, struggled with generational transitions and financial instability, ultimately leading to insolvencies. Today, under Chinese ownership, Rabe is not only revitalizing its innovative product line but also leveraging its expertise in precision plowshares to expand into the Chinese market. This collaboration allows German-engineered agricultural equipment to find a new market abroad while benefiting from Zoomlion's manufacturing advancements. A Strategic Partnership Reshaping the Market Despite initial concerns about the long-term intentions of Chinese investors, Zoomlion has actively supported Rabe's redevelopment, helping it modernize production processes and regain competitiveness in Europe. The partnership has also paved the way for Chinese agricultural machinery to enter the German and European markets through Rabe's existing distribution network. With advanced automation and cost-effective production in China, these machines are being adapted for European standards, ensuring compliance and usability in the region. The exchange of technical expertise between Germany and China highlights the growing integration of global markets and the increasing role of Chinese capital in European industries. What Does Chinese Investment Mean for Germany? While concerns over foreign ownership of key industries remain, the Chinese investment in Rabe illustrates a potential positive outcome: preserving jobs, fostering innovation, and ensuring the survival of legacy German manufacturers that might otherwise have disappeared. This trend could enhance competition, drive technological development, and encourage more cross-border collaboration. However, questions remain about long-term control and economic dependency. As China continues to invest in German technology sectors, careful oversight and balanced partnerships will be crucial in maintaining Germany's industrial independence while benefiting from international cooperation. This video summary was created by AI from the original DW script. It was edited by a journalist before publication.
Korea Herald
3 days ago
- Business
- Korea Herald
Zoomlion Showcases Advanced Equipment and Localized Solutions at the 4th China-Africa Economic and Trade Expo to Drive Development in Africa
CHANGSHA, China, June 18, 2025 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; showcased the latest agricultural and engineering machinery solutions tailored for the African market at the 4 th China-Africa Economic and Trade Expo, held from June 12 to 15 in Changsha, China. Since entering the African market in 2007, Zoomlion has actively participated in the construction of several landmark projects, while fostering local talent and playing a key role in advancing infrastructure and agriculture modernization. Zoomlion highlighted a wide array of products including construction cranes, agricultural equipment, aerial work platforms and earthmoving machinery, which are specially designed to meet the unique performance, quality and technological demands of Africa's construction and agricultural environments. Over the past 18 years, Zoomlion has established itself as one of the leading machinery exporters in Africa with over 10,000 units of equipment deployed across the continent. Zoomlion has set up subsidiaries and extensive service networks in South Africa, Nigeria, Tanzania, Kenya and more. It has established a joint-venture factory in Algeria and operates spare parts centers in Algeria and South Africa while expanding its network of local dealers and distribution channels to provide comprehensive services to local customers encompassing sales, support, technical assistance and financing. Zoomlion has been safeguarding major infrastructure and agricultural projects in Africa, including the construction of Egypt's New Administrative Capital which features 20 high-rises including Africa's tallest skyscraper of 385.8 meters, 12 commercial office buildings, five residential apartments and two luxury hotels; the Julius Nyerere Hydropower Project (JNHPP) in Tanzania that increases the installed hydropower capacity in the country from 562 megawatts by about 3.7 times; the N'Djamena Stadium in Chad that can host continental competitions and large-scale cultural events upon completion; the Rosso Bridge situated over the Senegal River at the border between Senegal and Mauritania that will serve as a key trading hub in Africa and foster closer economic ties. Zoomlion is growing rapidly in the African market, with sales in the first quarter of 2025 reaching an impressive 60 percent of the total sales for the entire year of 2024. As of May 2025, Zoomlion's Africa team included more than 300 employees, with over 90% being local hires, serving as a key driver of regional employment and skills development.
Yahoo
3 days ago
- Business
- Yahoo
Zoomlion Showcases Advanced Equipment and Localized Solutions at the 4th China-Africa Economic and Trade Expo to Drive Development in Africa
CHANGSHA, China, June 18, 2025 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; showcased the latest agricultural and engineering machinery solutions tailored for the African market at the 4th China-Africa Economic and Trade Expo, held from June 12 to 15 in Changsha, China. Since entering the African market in 2007, Zoomlion has actively participated in the construction of several landmark projects, while fostering local talent and playing a key role in advancing infrastructure and agriculture modernization. Zoomlion highlighted a wide array of products including construction cranes, agricultural equipment, aerial work platforms and earthmoving machinery, which are specially designed to meet the unique performance, quality and technological demands of Africa's construction and agricultural environments. Over the past 18 years, Zoomlion has established itself as one of the leading machinery exporters in Africa with over 10,000 units of equipment deployed across the continent. Zoomlion has set up subsidiaries and extensive service networks in South Africa, Nigeria, Tanzania, Kenya and more. It has established a joint-venture factory in Algeria and operates spare parts centers in Algeria and South Africa while expanding its network of local dealers and distribution channels to provide comprehensive services to local customers encompassing sales, support, technical assistance and financing. Zoomlion has been safeguarding major infrastructure and agricultural projects in Africa, including the construction of Egypt's New Administrative Capital which features 20 high-rises including Africa's tallest skyscraper of 385.8 meters, 12 commercial office buildings, five residential apartments and two luxury hotels; the Julius Nyerere Hydropower Project (JNHPP) in Tanzania that increases the installed hydropower capacity in the country from 562 megawatts by about 3.7 times; the N'Djamena Stadium in Chad that can host continental competitions and large-scale cultural events upon completion; the Rosso Bridge situated over the Senegal River at the border between Senegal and Mauritania that will serve as a key trading hub in Africa and foster closer economic ties. Zoomlion is growing rapidly in the African market, with sales in the first quarter of 2025 reaching an impressive 60 percent of the total sales for the entire year of 2024. As of May 2025, Zoomlion's Africa team included more than 300 employees, with over 90% being local hires, serving as a key driver of regional employment and skills development. SOURCE Zoomlion Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
3 days ago
- Business
- Cision Canada
Zoomlion Showcases Advanced Equipment and Localized Solutions at the 4th China-Africa Economic and Trade Expo to Drive Development in Africa
CHANGSHA, China, June 18, 2025 /CNW/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; showcased the latest agricultural and engineering machinery solutions tailored for the African market at the 4 th China-Africa Economic and Trade Expo, held from June 12 to 15 in Changsha, China. Since entering the African market in 2007, Zoomlion has actively participated in the construction of several landmark projects, while fostering local talent and playing a key role in advancing infrastructure and agriculture modernization. Zoomlion highlighted a wide array of products including construction cranes, agricultural equipment, aerial work platforms and earthmoving machinery, which are specially designed to meet the unique performance, quality and technological demands of Africa's construction and agricultural environments. Over the past 18 years, Zoomlion has established itself as one of the leading machinery exporters in Africa with over 10,000 units of equipment deployed across the continent. Zoomlion has set up subsidiaries and extensive service networks in South Africa, Nigeria, Tanzania, Kenya and more. It has established a joint-venture factory in Algeria and operates spare parts centers in Algeria and South Africa while expanding its network of local dealers and distribution channels to provide comprehensive services to local customers encompassing sales, support, technical assistance and financing. Zoomlion has been safeguarding major infrastructure and agricultural projects in Africa, including the construction of Egypt's New Administrative Capital which features 20 high-rises including Africa's tallest skyscraper of 385.8 meters, 12 commercial office buildings, five residential apartments and two luxury hotels; the Julius Nyerere Hydropower Project (JNHPP) in Tanzania that increases the installed hydropower capacity in the country from 562 megawatts by about 3.7 times; the N'Djamena Stadium in Chad that can host continental competitions and large-scale cultural events upon completion; the Rosso Bridge situated over the Senegal River at the border between Senegal and Mauritania that will serve as a key trading hub in Africa and foster closer economic ties. Zoomlion is growing rapidly in the African market, with sales in the first quarter of 2025 reaching an impressive 60 percent of the total sales for the entire year of 2024. As of May 2025, Zoomlion's Africa team included more than 300 employees, with over 90% being local hires, serving as a key driver of regional employment and skills development.
