Founded in 1992 as Changsha Hi-tech Development Area Zoomlion Construction Mechanical Industry Company, one of its first products were concrete pumps.
[4] In 2008, Zoomlion made another foreign acquisition with the purchase of Italian concrete machinery manufacturer, Compagnia Italiana Forme Acciaio SpA (Cifa),[5] in an equity link-up with Goldman Sachs, Mandarin Capital Partners, and Hony Capital.
This caused Zoomlion to temporarily suspend trading of its stock and later resulted in a 9% decrease in its share price.
[10] In August 2014, Zoomlion purchased a majority share in the agricultural machinery maker Chery Heavy Industry.
), excavators,[13] fire apparatus,[17] garbage compactor machinery,[18] garbage trucks,[18] loaders,[13] asphalt pavers,[19] pile foundation rotary drilling rigs,[20] road rollers,[19] snowplows,[18] street sweepers,[18] and various other road surface vehicles.