1. The European Union (EU) has imposed temporary anti-dumping duties on aerial work platforms (AWPs) imported from China, at rates ranging from 23.6% to 56.1%.
This decision follows an anti-dumping investigation initiated by the EU in November 2023. The temporary duties are intended to protect EU producers from dumped imports of AWPs from China. They apply to mobile AWPs with a maximum height of 6 meters or more, as well as to parts that are pre-assembled or ready for assembly. The duties do not apply to individual components or to vehicle-mounted personnel lifts.
2. CCTV Finance Excavator Index: Utilization Rates of Various Construction Machinery Remain High in May
The latest data from the "CCTV Finance Excavator Index," jointly created by CCTV Finance, Sany Heavy Industry, and Tree Root Interconnection, has been released. In May, with the introduction of various housing loan policies by the central bank, the utilization rates of hoisting equipment, excavators, and road construction equipment remained high in multiple industries, demonstrating strong momentum for the recovery and improvement of the Chinese economy.
3. Excavator Domestic Sales Achieve Year-on-Year Growth for Three Consecutive Months
Data released by the China Construction Machinery Association (CCMA) shows that according to statistics from major excavator manufacturers, 8,518 excavators of various types were sold domestically in May 2024, a year-on-year increase of 29.2%. Following a long-awaited year-on-year increase of 9.27% in March and a 13.3% year-on-year increase in April, domestic excavator sales have achieved three consecutive months of year-on-year growth.
4. Caterpillar Launches "Pathways to Sustainability" Program to Help Customers Achieve Energy Transformation
Caterpillar Inc. (NYSE: CAT) has announced the launch of a new educational program called "Pathways to Sustainability" designed to support mining, quarrying, and aggregate industry customers on their energy transition journeys. The four-year, multi-faceted program provides participants with holistic learning opportunities, energy transition project advisement, and additional benefits related to sustainable product access.
5. Haulotte Launches New C-Series Scissor Lifts for the Chinese Market
Since entering the Chinese market in 2006, Haulotte Group has been adhering to the business philosophy of "In China, for China". The company has been carefully observing the characteristics of the Chinese market and attentively listening to the voices of Chinese customers. Based on its 18 years of service experience in the Chinese market, Haulotte Group has launched the new C-series electric hydraulic scissor aerial work platform specially designed for the Chinese rental market in the summer of 2024.
6. Zoomlion Ranks Among China's 500 Most Valuable Brands for the 21st Consecutive Year
The 21st World Brand Conference, hosted by the World Brand Lab, was held in Beijing on June 19th. The 2024 China 500 Most Valuable Brands list was released at the conference, with Zoomlion ranking among the top 500 with a brand value of RMB 125.671 billion, a significant increase of RMB 16.508 billion from the previous year, demonstrating its strong brand strength and robust development momentum. This marks Zoomlion's 21st consecutive year on the China 500 Most Valuable Brands list.
