Zoomlion sets focus on 'strategic' M&A targets

Expansion intooverseas markets, diversification also feature in long-term plans

Construction equipment maker Zoomlion Heavy Industry Science & Technology Development Co Ltd said on Tuesday that it will explore strategic merger and acquisition opportunities, rather than large purchases, to boost its exports amid an industry downturn.

"We are open to various acquisition opportunities to complement our existing product lines, but large deals are not under consideration at the moment," said Zhang Jianjun, a senior official at the company.