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As of November 2010, Shandong Heavy Industry's revenue has exceeded 100 billion yuan, an increase of 100% year-on-year; profits and taxes were 13.4 billion yuan, an increase of 96%; profits were 10 billion yuan, a year-on-year increase of 99%; and industrial added value was 22.6 billion yuan, a year-on-year increase. 78%.
Among the subsidiaries of Shandong Heavy Industries, Weichai Holdings, which owns Weichai Power, performed well, with sales revenue up 73.4% year-on-year; Shantui's sales revenue grew 90% year-on-year; Mountain Rebuilder's sales revenue grew by 441% year-on-year.
At present, the proportion of the four major business segments of Shandong Heavy Industry Group is: 62% for powertrain; 21.4% for commercial vehicles; 15.1% for construction machinery; and 1.9% for parts and components.
New energy vehicles will be the focus of the next development of Shandong Heavy Industry. At the company’s recent product exhibition, four tractors, cement mixers, and dump trucks equipped with LNG appeared, indicating that Shaanxi Automobile has fully entered the promotion stage of LNG heavy trucks. It is understood that the mileage of its natural gas tractors equipped with LNG has exceeded 1,300 kilometers, which is also the sector that will achieve rapid growth during the 12th Five-Year Plan period.
Sanitation machinery, mining machinery, etc. are also emerging businesses that Shandong Heavy Industry plans to develop. At present, relevant business teams have been formed and research and development work is ongoing.