September 24, 2017 6:11 PM ET

Industrial Conglomerates

Company Overview of Zongshen Industrial Group Co., Ltd.

Company Overview

Zongshen Industrial Group Co., Ltd., a diversified investment holding group, engages in industrial equipment manufacturing, real estate, automobile sales, financial, and mining businesses. The company provides small-size thermal power machinery, motorcycle engines, general-purpose gasoline engines, diesel engines, truck engines, parts and components of automobile, various agricultural and forestry machinery, special powers, multi-fuel powers, marine propulsion powers, etc.; and gasoline and electric motorcycles, and three-wheelers, as well as components and parts of motorcycles, vehicles and IT, etc. It also engages in the development of commercial and residential, education industry, automo...

Chongqing Zongshen Industrial Park

Ba'nan District

Chongqing,  400054

China

Founded in 1992

Phone:

86 40 0700 3088

Key Executives for Zongshen Industrial Group Co., Ltd.

Chairman and Chief Executive Officer
Age: 65
CIO and Executive Vice President
Age: 53
Vice President
Age: 45
Compensation as of Fiscal Year 2017.

Zongshen Industrial Group Co., Ltd. Key Developments

Zongshen Eyes Stakes In Seaplane Operators

Zongshen Industrial Group Co., Ltd. plans to purchase a stake in the biggest seaplane airline in the Maldives this year, in an expansion aimed at becoming the world's No 1 operator of the aircraft, Chairman Zuo Zongshen said. Zongshen proposes to spend "billions of yuan" to buy into the Maldivian carrier, Zuo said, without elaborating. The group, based in the southwestern Chinese city of Chongqing, is also in talks to acquire a stake in Kenmore Air Harbor, Inc. A potential target in the Maldives could be Trans Maldivian Airways, according to its website.

Zongshen Industrial Group Plans Build Engine Plant in US

Zongshen Industrial Group announced that the company plans to spend over USD 100 million building an engine plant in the US this year at the earliest. The project, with an annual output capacity of 3 million engines, is scheduled to come into production before the end of next year. The company would step up establishment of the US business if the US raised tariffs. In addition, Zongshen also plans to buy in Kenmore Air this year.

Zongshen Industrial Group Mulls Acquisitions

Zongshen Industrial Group Co., Ltd. is seeking acquisitions. The company plans to spend at least CNY 2 billion to acquire overseas general aviation firms this year, the company's chairman said.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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