Zoomlion delivers 18 cranes in Malaysia22 November 2016
Zoomlion has delivered 18 cranes in Kuala Lumpur, through its agent Trans Elite Group Sdn Bhd.
The RMB30m order consisted of Zoomlion’s truck cranes, crawler cranes and rough terrain wheeled cranes. The cranes will be sent to sites of local petrochemical, steelmaking, transport and housing construction projects.
Since Zoomlion formally entered the Malaysian crane market by contracting with the exclusive agent Trans Elite Group Sdn Bhd in 2009, it has sold nearly 300 mobile cranes in the country.
The manufacturer said the increase in the number of cranes sold in Malaysia was influenced by the ‘Belt and Road’ initiative. The Chinese government-backed innovative seeks to link up Eurasian countries with China, with a ‘new silk road’ through Central Asia and a ‘maritime silk road’ linking Southeast Asia, Oceania, and North Africa.
“In 2016, to actively respond to the “Belt and Road” Initiative proposed by China, Malaysia unveiled an easier policy that allows Chinese enterprises to hold 30-40% shares in Malaysian companies.
“Attributed to this, Chinese investors get involved in many key projects in Malaysia. In particular, a lot of Chinese building contractors get involved in more key engineering projects. For example, in March 2016, two newly-coated L500 tower cranes were introduced for building Kuala Lumpur Signature Tower, a landmark of Malaysia,” said Zoomlion.