Globalization Helps Lovol H.I. Elected Top 10 in China’s Foreign Cooperation of Agriculture_News & Events_Lovol Heavy Industry CO.,LTD.

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Globalization Helps Lovol H.I. Elected Top 10 in China’s Foreign Cooperation of Agriculture

Date of promulgation:2018-5-26 Times of click: Print Font scaling BigCenterSmall

Recently, the evaluation of 2017 Top 100 China’s Foreign Cooperation of Agriculture announced its results, and Lovol Heavy Industry Co., Ltd. was elected No. 7 on the event and No. 1 among all agricultural machinery players.
It is reported that China International Exchange Association of Agriculture, as entrusted by Ministry of Agriculture, held the event of “Evaluation of Top 100 Enterprises”, aiming to attract and cultivate outstanding enterprises, set up examples for the industry and build flagship enterprise team for foreign cooperation in agriculture. Through recommendations of various localities, evaluation and review by experts and soliciting comments from association of the industry, 100 enterprises, including the COFCO, Bright Food and Lovol H.I., have been listed into top 100 enterprises in 2017 China’s foreign cooperation in agriculture and become the leaders in foreign cooperation in agriculture.
Lovol. H.I. as the key player in the industry has occupied its own market shares in the process of globalization. In recent years, it keeps reserving its power to accelerate globalization while enhancing its internal capacity. In 2011, Lovol H.I. established its first overseas R&D center in Italy for its domestic agricultural machinery industry, mainly responsible for the R&D of high-end agricultural equipment. In 2013, it referred to the successful practice of European R&D Center and established Japan R&D Center, mainly responsible for the R&D of engineering machinery. From 2014, Lovol H.I. purchased ARBOS, national-treasure class brand of Italy, MaterMacc, world class agriculture brand, and Goldoni, high end tractor brand specifically for European orchards, through merger and acquisition, and has completed its overseas whole value chain operation platform in Europe, built a global R&D system involving “China, Europe and Japan” and realized internationalization in terms of product innovation and manufacturing.
While the overseas whole value chain operation platform is established in Europe and local operation in Europe is realized, Lovol H.I. keeps promoting development in Asia and Africa and expanding its base of friendship in Southeast Asia, Africa and Europe along the route of Road and Belt initiative. On the road of globalization, it pushes forward from both the east and the west and has become one of the enterprises with the fastest globalization.

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