Stock Track | Zoomlion Stock Soars on Massive Indonesian Orders

Stock Track2024-09-23

Shares of Zoomlion, a leading Chinese heavy equipment manufacturer, surged 6.23% on Monday, September 23, 2024, driven by strong order intake from Indonesia during the Mining Indonesia 2024 exhibition in Jakarta.

According to reports, Zoomlion Indonesia Heavy Industry secured orders worth over 400 million RMB (approximately 800 billion IDR) at the event. The orders were primarily for Zoomlion's earthmoving equipment, including excavators and bulldozers, which accounted for 250 million RMB (540 billion IDR) of the total value. Mobile cranes and concrete machinery contributed to the remaining orders.

Zheng Zhe, Assistant General Manager of Zoomlion Earthmoving, highlighted the company's commitment to adapting its products to local market needs. One product that garnered significant attention was the ZE135GF forest excavator, designed specifically for Indonesian conditions. Zoomlion has also implemented fuel filtration systems tailored for biofuels, improving efficiency and stability in challenging terrains.

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