Foton Lovol Heavy Industry: Building a Leader in Off-Road Mobile Machinery and Equipment

2013-12-30 578 0人评论
    Foton Lovol International Heavy Industry Co., Ltd. (hereinafter referred to as Foton Lovol Heavy Industry) is a large-scale industrial equipment manufacturing enterprise with construction machinery and agricultural equipment as its main businesses. Since its establishment in 1998, Foton Lovol Heavy Industry has adhered to independent innovation and scientific development. It has now built 7 major production bases in 4 provinces, autonomous regions, and municipalities across the country. The company has assets of 16.1 billion yuan, 16,000 employees, and a brand value of 21.558 billion yuan. In 2013, the company achieved sales of 919,800 complete machines and sales revenue of 22.638 billion yuan, a year-on-year increase of 21.5%. The company has been awarded the titles of China Top 500 Enterprises, China Top 100 Machinery Industry Enterprises, and National High-Tech Enterprise, and has established a nationally recognized enterprise technology center, a postdoctoral research workstation, and the Ministry of Agriculture Key Laboratory of Modern Agricultural Equipment, among others.  
    The sales volume of Foton Lovol Heavy Industry's leading product, the Lovol Gushen combine harvester, has ranked first in the industry for 13 consecutive years, with a market share of 70%; Lovol large and medium-sized tractors have led the industry in market share for 9 consecutive years. The Lovol construction machinery business, represented by Lovol loaders, excavators, and rotary drilling rigs, is developing rapidly and healthily, with continuously rising market competitiveness, making it one of the fastest-growing brands in the industry.

  In recent years, under the guidance of the business policy of "connotative growth, structural adjustment, and globalization," Foton Lovol Heavy Industry has actively built a business management and operation platform based on future international development. It has now established a global R&D system of "three countries, four locations, and four-in-one integration" in Europe, Japan, Tianjin, and Shandong, fully introducing and absorbing global advantageous resources such as technology and talent, and laying a solid foundation for achieving its internationalization goals.

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