Gargash to distribute Zoomlion products
Dubai , June 10, 2007
Gargash Motors & General Trading has signed an exclusive distribution agreement with Changsha Zoomlion Heavy Industry & Science (Zoomlion), China's number one state-owned concrete machinery manufacturer, covering the UAE.
Under the terms of the agreement, Gargash Motors will market and distribute Zoomlion's concrete machinery products in the UAE. Zoomlion's concrete machinery has been awarded 159 patents for research and development efforts and has established 25 national industry standards in the designs of stationary pumps and truck mounted pumps, according to an official spokesman.
Zoomlion's concrete machinery products include: Trailer concrete pumps, truck-mounted concrete pumps, truck mixer, concrete placing boom and concrete mixing plants.
'We are delighted to have such a prestigious partner as Gargash Motors & General Trading, allowing us further access to important and developing market,' said general manager of Overseas Division of Zoomlion Group Chen Peilang.
'This contract strengthens Zoomlion's market presence in the UAE significantly.'
The construction sector in the UAE is among the biggest and fastest growing construction markets in the world and one of the leading non-oil sectors of economic growth in the country.
Zoomlion, which began its operations in the Middle East in 2004 when its first products came to Dubai, has already set up a 10,000 square meter facility in Jebel Ali Free Zone, Dubai, to store the concrete machinery and support the maintenance. The facility will also act as Zoomlion regional headquarters.
Since 2004, Zoomlion's revenues have been growing by an average of 50 per cent per year. In 2006, this number jumped to 100 per cent.
'We believe that Zoomlion's concrete machinery has a great marketing potential in a growing country like UAE,' said CEO of Gargash Motors & General Trading Samir Gargash.
Gargash Motors and General Trading is in the process of setting up the new Zoomlion operation which will utilize existing facilities in Al-Quoz industrial area of Dubai.Trade Arabia News Service