ZHANGZHOU, China, Nov. 28, 2011 /PRNewswire-Asia/ -- China Zenix Auto International Limited (NYSE: ZX) ("Zenix Auto" or "the Company"), the largest commercial vehicle wheel manufacturer in China in both the aftermarket and OEM market by sale volume, today announced that it has won a contract from Sany Heavy Industries Co., Ltd. ("Sany") to supply wheels for its mobile construction equipment.
Sany is the world leader in the production of pump trucks and is China's largest producer of truck-mounted concrete pumps, and hydraulic rollers. Sany's headquarters is located in the Changsha Economic Technological Development Zone, and the company is involved in all aspects of construction machinery manufacturing, with products as diversified as construction equipment, road construction equipment and cranes, etc. It produces equipment in 25 categories with more than 120 models including motor graders, asphalt pavers, crane trucks and the above mentioned products.
Zenix Auto will provide service and aftermarket support to Sany's customers through its network of more than 5,300 distributors throughout China. No other details were disclosed.
Sany has over 100 marketing and service centers in China, with 56 networked warehouses for complete service. Sany products have been exported to more than 110 countries including India and the US. In 2011, Sany Heavy Industry was the first Chinese construction machinery company to qualify as one of the FT Global 500.Mr. Jianhui Lai, Chairman and CEO of China Zenix, stated, "Our selection by Sany Heavy Industries highlights our manufacturing, product development and R&D capabilities. As a large and leading construction equipment company, their demands are stringent and we have proven our wheels can meet these challenging requirements. This contract will add to our penetration of the important off-highway segment of the large vehicle market in China, the largest vehicle market in the world. Sany is the latest among a series of leading vehicle companies that are using our premium wheels that meet or exceed standard performance and durabilility requirements." About China Zenix Auto International Limited
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV