Zoomlion signs agreement to boost global distribution and sales

Chinese construction equipment maker Zoomlion and Wallenius Wilhelmsen Logistics have signed what they call a “global strategic cooperation framework agreement” to create a new company. Zoomlion and Wallenius Wilhelmsen Logistics, abbreviated as WWL, will increase cooperation between the two companies in distribution network construction, PDI testing, pier construction and warehouse management. The aim is to increase the competitiveness of Zoomlion products globally, a joint statement said.
April 10, 2015 Read time: 1 min
Chinese construction equipment maker 1175 Zoomlion and Wallenius Wilhelmsen Logistics have signed what they call a “global strategic cooperation framework agreement” to create a new company.

Zoomlion and Wallenius Wilhelmsen Logistics, abbreviated as WWL, will increase cooperation between the two companies in distribution network construction, PDI testing, pier construction and warehouse management.

The aim is to increase the competitiveness of Zoomlion products globally, a joint statement said.

Zoomlion, set up in 1992, is a Chinese manufacturer of construction machinery and sanitation equipment, listed on the Shenzhen Stock Exchange. Its headquarters are in the Zoomlion Science Park in Changsha, Hunan.

Italian construction equipment maker Compagnia Italiana Forme Acciaio SpA (Cifa) and British construction equipment manufacturer Powermole are subsidiaries of Zoomlion.

Wallenius Wilhelmsen Logistics is a privately owned Norwegian and Swedish shipping company headquartered in Lysaker, Norway. It was established in 1999 by shipping companies Wallenius Lines and Wilh. Wilhelmsen.
Finance & Funding

For more information on companies in this article

Related Content

  • Norway leads electric vehicle drive
    February 29, 2012
    Norway's capital Oslo has the highest percentage of new electric vehicles (EVs) on the road than any other city in the world.
    Read More
  • Asphalt and bitumen - testing for performance
    February 29, 2012
    The stresses placed on modern asphalt and bitumen means that specialist equipment is essential to make sure performance specifications are met. As road traffic increases at a rapid pace and road safety becomes a priority issue, asphalt is put under increasingly higher stresses. For example, road surfaces are subject to compression, flexural tensions and tangential stresses: internal friction, depending on the aggregates, and the cohesion, guaranteed by bitumen's composition, are the two main properties whic
    Read More
  • €905mn intermodal transport development for Lazio, Italy
    May 2, 2013
    The Lazio region of central Italy is to benefit from the implementation of a strategic plan for the intermodal transport development of hub ports with the road and logistic network. Promoted by the port authority of Civitavecchia, Fiumicino and Gaeta, the execution of the plan will follow the signing of a logistic platform agreement by local and ministerial authorities. The investment budget amounts to €905 million (US$ 1.19 billion), of which €370 million is coming from private funds. The remaining part wi
    Read More
  • Salini Impregilo expands in the US with purchase of Lane Industries
    November 12, 2015
    Italian global infrastructure group Salini Impregilo has agreed to buy 100% of Lane Industries, an American highways contractor and the “top private asphalt producer” in the US. Lane, a family-owned business based in Cheshire, Connecticut, was bought for US$406 million and has a turnover of around $1.5 billion. The company has three divisions: asphalt production, road projects and other infrastructure projects, in domestic and international markets. A statement from Salini said Lane is participating i
    Read More

Highlighted Content