 Founded in 1980, Shantui Construction Machinery Co. Ltd. not only rode the wave of China’s spectacular economic development over the past 25 years but also helped to create it. Originally a fully state-owned company, Shantui today is a public company that is well on its way to becoming one of China’s top multinational firms. With sales in more than 120 countries round the globe, Shantui is also leading the way as one of China’s top global brands.
Originally known as a bulldozer company, Shantui today features the entire gamut of construction machinery, from wheel loaders and excavators, to graders, rollers, pipelayers, cement trucks, forklifts and much more. The bulldozer remains Shantui’s flagship product, as the company has become the world’s second or third largest brand-maker of this top-of-the-line product in the construction machinery industry. In China alone Shantui holds a 65% market share in bulldozers.
In 2010, the Company surpassed US$1 billion in sales. Exports as a percentage of overall sales now account for more than 20% of volume. Exports continue to rise quickly as developing markets take advantage of the Shantui Value. In 2010, Shantui will have sales in more than 120 countries and territories round the globe.
In recent years, Shantui has aggressively engaged in the twin pursuits of product diversification and across-the-board internationalization of the Company. While the China market still remains dominant for construction industries, Shantui is using its success in the world’s largest construction market as a springboard to achieving global recognition as a market leader.
Shantui is in good hands as its top executives are U.S. trained with MBAs and valuable experience abroad. The Company also received a boost early on in its development with its joint venture with Komatsu of Japan. The Komatsu-Shantui Company makes Komatsu-branded excavators, and along the way, Shantui has absorbed invaluable lessons on production management and technical processes. Shantui still owns 20% of the joint venture, and its people still work the lines and are involved in management of the company.
Shantui specializes in the manufacture and sale of construction machinery products and related spare parts, such as bulldozers, road machinery, building machinery, industrial vehicles, a full-range of cement handling equipment, and more. The company has more than 6,000 employees worldwide.
Currently Shantui has 12 holding subsidiaries and 2 joint stock subsidiaries. Shantui has established an industry leading Research & Development Center and a Post-Doctoral Research Lab. At present, annual manufacturing and sales capabilities are up to 9,000 units of bulldozers, 1,000 units of road machinery, 1,000 units of concrete machinery, 67,000 sets of crawler assemblies, 50,000 units of hydraulic torque converters, 15,000 units of transmissions, and 540,000 roller kits.
Shantui is well on its way to achieving its vision of becoming a top multinational player in the construction machinery field. It is dedicated to the twin pursuits of internationalization and diversification. |
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