co. ltd. type government owned corporation industry automotive heavy equipment founded 2009 2009 jinan headquarters jinan shandong china area served worldwide key people tan xuguang chairman and chief executive officer products automotive components construction equipment diesel engines revenue us 15.46 billion 1 subsidiaries weichai holding group . ltd. ferretti group shantui construction machinery shantui machinery weichai heavy duty machinery weichai power yaxing bus website www.shig.com.cn en default.html shandong heavy industry group co. ltd. is a chinese state owned multinational heavy machinery and automotive manufacturing company headquartered in jinan shandong . shandong heavy industry has four listed companies weichai power 2338hk 000338sz weichai heavy duty machinery 000880sz yaxing bus 600213sh and shantui machinery 000680sz . 2 contents 1 history 2 operations 3 see also 4 references history edit shandong heavy industry was founded in 2009 through a merger between weichai holding group shandong construction machinery group and shandong auto industrial group . 3 4 in august 2012 shandong heavy industry agreed to acquire 75 % of the italian yacht maker ferretti group for 178 million plus the provision of 116 million of new credit facilities . 5 6 in august 2012 shandong heavy industry s weichai power subsidiary agreed to acquire a 25 % stake in the german forklift maker kion group for 467 million and a 70 % majority stake in kion s hydraulics business for 271 million . 7 8 operations edit shandong heavy industry has five principal operating subsidiaries weichai holding group co. ltd. the parent company of weichai power shantui construction machinery co. ltd. shantui machinery co. ltd. shanzhong construction machinery co. ltd. and shandong auto industry group co. ltd. see also edit weichai holding group . ltd. references edit a chinese bulldozer maker tacks to ... luxury yachts . the wall street journal . 28 august 2012 . retrieved 3 february 2013 . shandong heavy industries group to accelerate overseas expansion . china automotive review . 7 january 2012 . retrieved 3 february 2013 . shandong plans auto behemoth . china daily . 26 may 2009 . retrieved 3 february 2013 . three china firms to merge to form auto parts group . reuters . 25 may 2009 . retrieved 3 february 2013 . chinese company buys italian luxury yacht maker . the new york times . 10 january 2012 . retrieved 3 february 2013 . ferretti s yachts find fitting berth in china . reuters . 12 january 2012 . retrieved 3 february 2013 . shandong heavy invests in germany . the wall street journal . 31 august 2012 . retrieved 3 february 2013 . china s shandong heavy industry group signs us 928 mil . deal to buy stake in kion group . the china post . 4 september 2012 . retrieved 3 february 2013 . v t e heavy machinery manufacturers of china heli liugong lonking sany shandong heavy industry shantui shanghai pengpu sinomach yto group taiyuan heavy tengzhong taiyuan heavy xcmg yutong zhenhua zoomlion retrieved from https en.wikipedia.org w index.php title shandong heavy industry & oldid 737855755 categories companies based in jinanconstruction equipment manufacturersmanufacturing companies of chinamultinational companies headquartered in chinamanufacturing companies established in 2009vehicle manufacturing companies established in 2009 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 5 september 2016 at 12 11 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view