Zoomlion to Invest in Environmental and Sanitation Machinery

Chinese construction equipment manufacturer Zoomlion Heavy Industry said this week that it will invest 2.1 billion yuan (about U.S. $333 million) to advance development of its environmental and sanitation machinery business.

Zoomlion has proposed setting up a wholly owned unit, Changsha Zoomlion Environmental and Sanitation Machinery Co. Ltd., to develop, manufacture and sell solid waste-treatment machinery and other environmental protection equipment, the company said in a filing on the Hong Kong Stock Exchange.