The Lovol legacy

Chinese machinery manufacturer Lovol has been making inroads all over the world with its products available at a more competitive price than many of their big-name competitors, but with the same and often higher quality and reliability. This issue, we take a close-up look at the origins of the business and how it plans to expand its footprint even bigger in Australia.

- 

The Lovol Heavy Industry Group is a wholly state-owned subsidiary strategic business unit of China-based Weichai Holding Group under Shandong Heavy Industries.

Lovol was established in 1998, and has emerged as a prominent Chinese industrial equipment manufacturer in the same league as XCMG, Sany and LiuGong.

Initially specialising primarily in agricultural machinery, the company has expanded its portfolio to include construction machinery, solidifying its position as a key player in this sectors.

Since its inception, Lovol has experienced rapid growth, evolving from a local manufacturer into a global industry leader.

In 2019, the Weichai Group acquired a 20 per cent stake in Lovol Heavy Industry, further integrating Lovol into a broader industrial ecosystem. By 2021, Weichai Group had fully acquired Lovol.

Weichai has a storied history. Founded in 1946, it is one of the most comprehensive automobile and construction machinery equipment manufacturing groups in China.

The company group has strategically acquired several of the most renown Italian equipment manufacturers, including Arbos tractors, Linde Hydraulics, Boudouin Engines, Ferretti Luxury ships, Fast Gear and HANDE axles enhancing Lovol's presence in the high quality European manufacturing market and broadening its technological capabilities.

With more than 150,000 employees worldwide, annual sales revenue of more than $80 billion AUD, Weichai owns engine power systems, automobile business, construction machinery, intelligent logistics, agricultural equipment, hydraulics and marine transportation equipment around the world. The subsidiaries cover Europe, North America and Asian regions, with the products exported to more than 110 countries and regions globally.

Lovol's range of products is impressively wide.

They include: