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Sichuan Tengzhong

China.
Filed under:  Companies
 
Comment(s): 1
 
 

Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd. (“Tengzhong”) is one of China’s major privately owned engineering companies. Tengzhong is a manufacturer of heavy machinery equipment with a presence in special-use vehicles, road and bridge construction equipment and construction and energy industry equipment. Tengzhong operates two Chengdu-based manufacturing plants in Xinjin Fine Chemical Industrial Park and Southwest (Hangkonggang) Industrial Park.


sichuan tengzhong logo

Sichuan Tengzhong logo.

Since its establishment in 2005, Tengzhong has rapidly developed into one of China’s major engineering companies through a series of successful acquisitions.

Tengzhong is a large manufacturer operating two environmentally efficient plants. Tengzhong prides itself on its cutting-edge automated manufacturing equipment, over two hundred imported data processing systems, multiple automated processing lines and a complete range of products. In addition, Tengzhong operates an international-grade research & development center, a test laboratory and an electronic digital software management system are under construction.

Equipped with an advanced product and test line, Tengzhong is capable of manufacturing a complete range of specialist vehicles, including (but not limited to) medium-and-giant-size trucks, self-discharging vehicles, trailers, tow trucks, concrete pump vehicles, concrete conveyor and agitator vehicles, giant-size oil tanker vehicles and cistern cars.

Tengzhong is a time-honored national manufacturer of bridge piers, expansion joint fittings, pre-stressed systems and highway construction & maintenance machinery.

The company’s credentials include certification of ISO9001 in 1997; certification of Nationwide Industrial Product License in 2004; and certification of CRCC railway pier product, among others. Tengzhong is constantly launching creative products into the market. Its bridge pier product range is honored as a “Name Brand Product of Sichuan Province”. Tengzhong’s products are found in domestic bridges (across Yangtze River, Yellow River and a number of channels), city planning projects, light rail, architecture, stadiums, civil aviation infrastructures, artery expressways, irrigation works, and hydraulic power plants, as well as in overseas markets.

Tengzhong has accumulated more than forty years of experience in construction machinery manufacturing. Tengzhong has developed products in eight cateories and over thirty series, one of which, the Lizhou concrete agitator series, has been honored as a “Name Brand Product” by Sichuan Provincial Government for six successive years.

Tengzhong is also a manufacturer of giant petrochemical facilities, including complete chemical equipment and mechanical equipment for oil drilling, prospecting, oil well consolidation and cementing. These facilities are made to suit the demanding conditions of more than 7,000 meters above the sea level.

Our brand name, is supported by internal quality. Tengzhong prides itself on substantial financial assets, leading technologies, modern and sophisticated equipment, a pool of technical talent and resourceful labor, a scientific management system, stellar after-sales service and a distinctive corporate culture. Tengzhong is poised to continue to excel in China.

Major milestones.
• In early 2005, the company acquired Sichuan Changdian Electric Co., Ltd and renamed it Tengzhong Electrics Co., Ltd. Sichuan Changdian Electric Co., Ltd was established in 1965.
• In 2006, the Company was renamed Sichuan Tengzhong Machinery Manufacturing Co., Ltd.
• In 2006, the Company acquired Guangyuan Construction Machinery Group which was established in 1958.
• In 2007, the Company established an additional production base in Xinjin, Sichuan. The Company was again renamed Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd.
• In 2008, the Company acquired Xinjin Road Construction Machinery Factory from China Communication Construction Corp.
• In 2008, the Company entered into the energy equipment manufacturing business.

• June 2, 2009. Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) and General Motors Corp. today confirmed details of their proposed transaction to acquire Hummer.

February, 2010.
Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd ("Tengzhong") has announced that it is withdrawing its proposed acquisition of HUMMER from General Motors, having been unable to obtain clearance of the transaction from the Chinese regulators within the proposed deal timeframe.

Following talks with GM, both sides have decided to discontinue discussions on the transaction and terminate their definitive agreement.

Tengzhong is disappointed that the transaction cannot be further pursued, but the company respects the outcome. Tengzhong worked earnestly to achieve an acquisition that it believed to be a tremendous opportunity to acquire a global brand at an attractive price. The renewed investment to be made by Tengzhong and other investors would have provided HUMMER's existing management team the ability to build greener utility vehicles that would have been attractive and useful in new markets such as China as well as the existing core markets.

Tengzhong expressed its sincere thanks to GM for working diligently with the company. The company also expressed its gratitude and good wishes to HUMMER CEO Jim Taylor and the HUMMER team, as well as the 3,000 people who produce and support HUMMER.

(source: Sichuan Tengzhong)


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Sichuan Tengzhong withdraws its proposed acquisition of Hummer   
LINKS
Sichuan Tengzhong   Official site.
 
 
COMMENTS

The general manager of Sichuan Tengzhong Heavy Industrial Machinery (that’s the Chinese company currently wrapping up Hummer’s purchase from GM), the company known as Tengzhong wants to make a green Hummer.

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