Chinese construction machinery enterprises invest in the development of the Indonesian market

Shantui Construction Machinery Co., Ltd. recently announced that in order to meet the needs of the company's development strategy, to further develop overseas markets, the company through the company's wholly owned subsidiary Shantui (Hong Kong) Holdings Ltd. jointly with the Shantui Singapore company to jointly invest 3 million U.S. dollars to set up wholly owned subsidiaries abroad in Indonesia. The investment to meet the company's business development needs, to further expand the market business in Indonesia and other countries, to promote exchanges and cooperation between the company and the market in Indonesia and other countries, to enhance the company's comprehensive strength and competitive advantage in the market, to create more opportunities and favorable conditions for the company's development. The enterprise is mainly engaged in the research, development, manufacturing and other businesses of construction and engineering machinery, etc., with the main business of bulldozers, excavators and other host products and core parts and components products. Relying on the capital and technology support of Shandong Heavy Industry Group, it strengthens the synergy of resources and business to enhance its core competitiveness. It has a number of professional R&D centers and laboratories, and shares innovative R&D centers with the Group, with a complete product chain.2024 Transformation and upgrading to high-tech and other products, a number of high-end and new products were launched, and the Denso was upgraded to the X5 platform.2024 annual operating income of 14.219 billion yuan, an increase of 2,512,100 TP3T year-on-year; net profit attributable to shareholders of the listed company of 1,102 million yuan, an increase of 40.721 TP3T. increased by 40.72%.