Shantui Construction Machinery Co., Ltd., founded in 1980, was a national category I key enterprise integrating research & development, production and sales of main engine products and key components of earth moving machinery, building machinery, hoisting machinery and other construction machinery series products; and it is also a state-owned joint-stock listed company.

It is one of the top 50 manufacturers of construction machinery in the world, and one of China’s top 500 manufacturers.

Shantui focuses on technical innovation and sustainable development all the time. It ranks as one of domestic leading and nearly international advanced manufacturers in research & development capability, manufacturing capability and product quality.

Main products include 13 categories of main engine products, such as bulldozer series, road machinery series, concrete machinery series, loader series, fire vehicle series, and crane series, as well as accessories for construction machinery, such as chassis part, structural part and hydraulic oil cylinder; in which, Shantui bulldozer has become the first brand in China, and has won the sole gold medal in the bulldozer industry all over the country.

At present, its annual production capacity exceeds 15,000 units of bulldozers, 7,000 units of road machineries, 5,000 units of concrete machineries, 50,000 transmissions.

Shantui has a sound sales system and a complete marketing service network, and its products are exported to more than 160 countries and regions overseas.

In the future, the Company will become a construction machinery manufacturer owning core technology and international competitiveness with sustainable development.

1937 The company was founded under the name Chosun Machine Works, recognized as the first major modern machinery workshop in Korea. 1960s Design operations commenced, production systems were established, and dedicated design departments were formed. 1970s–1980s A mass production system was implemented, technological advancements accelerated, and the company entered global export markets. 2000s Operating under the Daewoo brand, the company expanded significantly. In 2005, it acquired Doosan Machinery, forming Doosan Infracore. 2021 Hyundai Heavy Industries Group completed the acquisition of Doosan Infracore. 2023 Doosan Infracore officially rebranded as Develon, with its corporate name changed to HD Hyundai Infracore.

2. Corporate Structure and Business Scope
Develon operates as a subsidiary of HD Hyundai Infracore Co., Ltd., within the HD Hyundai conglomerate. The company specializes in the production of construction and earthmoving machinery, including excavators, wheel loaders, bulldozers, and other heavy equipment. Its product range covers both heavy-duty and compact sectors.

3. Manufacturing and R&D Infrastructure
The main production complex is located in Incheon, South Korea, where both machinery and engine manufacturing are carried out. The Yantai (Shandong, China) facility serves as a production and component distribution hub. Research and Development (R&D) centers located across Korea focus on productivity enhancement, technological innovation, and the development of new models aligned with global market demands.

4. Technological Capabilities and Innovations
Initially, the company’s operations centered on machining, casting, forging, and metal processing. Over time, it expanded into large-scale manufacturing of key components for excavators, dozers, wheel loaders, and other heavy-duty equipment — including hydraulic systems, operator cabins, and undercarriage structures. Develon stands out for its advanced technological solutions such as: Smart Services – digital monitoring and remote diagnostics; Transparent Bucket – an intelligent camera-based system improving operator visibility; Concept-X – a fully automated, unmanned construction site operation concept.

5. Global Network and Expansion Plans
HD Hyundai Infracore (Develon) maintains a worldwide Parts Distribution Center (PDC) network for spare parts supply and after-sales service. The European PDC is located in Boom, Belgium, with additional centers across the United States, Korea, and China. This global network ensures operational efficiency, rapid parts delivery, and enhanced customer support worldwide. In September 2024, Develon and HD Hyundai inaugurated a new Customization Plant in Brunswick, Georgia (USA), designed to localize machine configurations for the North American market. In early 2025, the company announced plans to integrate the global management structures of Develon and HD Hyundai Construction Equipment to optimize operations, strengthen the supply chain, and broaden the product portfolio.

Shacman is a leading commercial vehicle brand owned by Shaanxi Automobile Group Co., Ltd., one of China’s largest automotive manufacturers. Founded in 1968, the company is headquartered in Xi’an, Shaanxi Province, China. Shacman specializes in the production of heavy-duty trucks, fuel tankers, concrete mixers, tractor trucks, and a wide range of special-purpose commercial vehicles. The brand is well recognized across Asia, Africa, the Middle East, and Europe for its reliable and high-quality products.

2. Historical Development and Technological Growth Period Key Events
1968 Established as Shaanxi Automobile Manufacturing Plant, initially producing military transport vehicles. 1980s–1990s Expanded production to civilian heavy-duty and commercial trucks. 2000s Launched the Shacman brand globally, establishing international offices and distributor networks. 2010s Introduced engines and vehicles compliant with EURO V and EURO VI emission standards. 2020–2025 Focused on smart transport systems, emission reduction technologies, and sustainable vehicle innovation.

3. Product Range and Technological Capabilities
Shacman’s product portfolio includes: Heavy Duty Trucks – 6×4 and 8×4 configurations; Tractor Trucks – for long-haul and logistics applications; Concrete Mixer Trucks and Dump Trucks; Fuel and Liquid Tankers; Special-Purpose Vehicles – for construction, mining, and defense sectors; Key Components – including axles, transmissions, and engine assemblies. All vehicles are equipped with advanced engines, reinforced chassis, fuel-efficient systems, and environmentally compliant technologies ensuring performance, safety, and durability.

4. Research & Development and Innovation
Shacman collaborates with China’s leading engineering firms and universities in the development of advanced automotive technologies. Core R&D focus areas include: emission reduction and environmental sustainability; intelligent vehicle systems and automation; enhanced fuel economy and performance optimization; safety and durability improvements.

Shantui'nin sağlam bir satış sistemi və tam bir marketinq xidmət şəbəkəsi var və məhsulları 160-dan çox xarici ölkəyə və bölgəyə ixrac edilir.

5. Global Market Presence and Export Network
Shacman exports its products to over 90 countries and regions worldwide. The company operates more than 300 overseas service centers, alongside a vast spare parts and dealer network. Key markets include: Europe and CIS countries – EURO V and EURO VI compliant models; Asia and the Middle East – construction and mining applications; Africa and South America – heavy-duty, long-lifespan vehicles designed for harsh environments. Shacman vehicles are known for durability, fuel efficiency, and versatility across urban and off-road operations. All models meet European quality standards and come with comprehensive warranty and after-sales support.

Incorporated in 1995, International Tractors Limited is presently a distinguished tractor manufacturing company of India. The leading tractor manufacturer from a single plant, the company is among the top three tractor selling companies in India. Testimonial to the trust of tractor buyers across the country, presently company’s domestic market share is more than 14% in India having considerable customer base of over 10 Lakh. The company is being supported by a robust market network of 1800 enthusiastic distributors and dealers worldwide.

With annual production of 300,000 tractors, ITL is one among the three farm machinery producers in India & among top 6 tractor manufacturer globally. Company’s world-class manufacturing unit spreads across 2 Lac sq. mt. of land. Accomplished and skilled workforce consisting of over 5000 personnel is committedly creating the best in class products. Offering most comprehensive product portfolio with wide range of tractors and farm equipments from 20HP to 120HP, under two different brands named Solis, ITL is offering complete agricultural solutions to the farming community across the globe.

ITL is having an in-house high-tech training center to impart knowledge and training about product specifications, maintenance and optimum utilisation to employees, business partners and customers. The young and fastest growing tractor company in India, ITL has reached to the milestone of more than 10 Lakh strong customer base in shortest span of time, which reflects its brand equity. Trusted and preferred all around, ITL is providing value for money products and customer-friendly services worldwide.

Having very strong presence in most of the significant markets worldwide, presently ITL is the market leader and most selling tractor brand in 4 different countries of Asia and Africa. Offering customised tractors as per local preferences in Brazil and Turkey, ITL is presently the only Indian company to have presence across 20 countries in Latin & South America. While augmenting noticeable presence in 33 EU & non-EU countries, ITL has successfully launched its tractors in USA market.

The group in unflinchingly maintaining global standards in product manufacturing and Company’s partnership with global pioneers like Yanmar (Japan) are the reflection of this commitment. Known to manufacture zero defect products and steadfast adherence to quality standards, ITL is accredited with international certifications like: ISO 9001:2008 / ISO 140001:2004/ ISO TS 16949 and ISO 140012015/ISO90012015.

Complying with stringent American EPA norms and Euro Homologation, the tractors are qualified for the European markets.