Shandong Wuzheng (Group) Co. Ltd., grown from a tractor after service station, after 50 years development, it has three core business as are agricultural vehicle, commercial vehicle and agricultural equipment. With total assets of RMB2billion and 12000 employnees, it is consist of 5 manufacturing department and 8 subsidiary companies. It is one of the 50 key companies whose development are strongly supported by Shandong province.
During period of “Tenth Five-year Plan”, spurred by market demand, Wuzheng kept developing market-oriented products, improving product quality, upgrading technology and management. Sales amount is kept increasing in several consecutive years, meanwhile, profit had increased several times. Wuzheng had grown to be one of the most development potential companies in machinery industry. During “Eleventh Five-year Plan”, Wuzheng had promoted technology improvement and development actively, en-strengthen intellectual team building, tried to improve R&D and manufacturing level. The Group is listed 30th of National Industry, rank 48th of Most Competitive Group Company in China, 452th of the largest of National Industrial Companies(ROA rank on 8th). In 2010, sales target is RMB10billion. The group granted “May 1st Labor Certificate of Merits”(highest honor for a company in China) and Modern Management Company of National Machinery Industry’’ , “Quality “Management of Shandong Province”. “State-accredit R&D Center”, Wuzheng “Aochi” commercial truck is the only modle awarded “Truck of the Year” among all trucks from different manufacturers. Board Chairman Mr. Jiang Weidong was granted “National Model Worker “(highest honor for an individual in China), and elected the Deputy to National Peoples’ Congress.
In Twelfth Five-year Plan, Wuzheng will apply internationalize strategy, en-strengthen international cooperation and communication, try to improve the competitiveness of products and company, will forge itself a machinery company national well-know and world famous.