Shantui

Shantui Construction Machinery Co., Ltd.
Traded as SZSE: 000680
Industry Heavy machinery
Founded 1980
Headquarters Jining City, Shandong Province, China
Products Construction equipment
Revenue US$2.3 billion (2011)
Parent Shandong Heavy Industry
Website en.shantui.com

Shantui Construction Machinery Co., Ltd. is a Chinese construction equipment maker, and a subsidiary of Shandong Heavy Industry. The core product line is bulldozers but in past years the company has expanded beyond reliance on a single product through an acquisition strategy.[1]

Bulldozers

The company is known as the bulldozer king in China, holding 40% of the domestic market in 2006.[2] The company went on in 2010 to become the largest producer of bulldozers, making over 10,000 units that year or 2 in 5 crawler-type dozers made in the world.[3] The next largest producer by number of units is Caterpillar Inc.[3]

Shantui has increasingly developed bigger dozers, capable of competing against the large products made by Caterpillar Inc. and Komatsu. The upgrades to the Shantui dozer line was identified by the New York Times as one of the primary concerns for Caterpillar's business in Russia.[4]

References

  1. ↑ "China looking to export construction machines". World Highways. Jan–Feb 2012.
  2. ↑ "Machinery makers in China gain strength as steel costs fall". Wall Street Journal. January 20, 2006.
  3. ↑ 3.0 3.1 "Shantui officially largest dozer producer in the world". The Earthmover & Civil Contractor. May 2011.
  4. ↑ Kremer, Andrew E. (August 21, 2012). "U.S. Companies Worry About Effect of Russia Joining W.T.O.". New York Times.