Shandong Heavy Industry – Weichai Power Hosts ThirdGlobal Partner Conference and Southeast Asia (Jakarta)New Product Exhibition


Collaborating to Maximize Value for Customers

JAKARTA, Indonesia–Jan. 23, 2024–PRNewswire/Dataxet

On January 23rd, Shandong Heavy Industry – Weichai Power will host its 3 rd  Global Partner
Conference and the Southeast Asia New Product Exhibition in Jakarta, Indonesia. The event
expects the participation from over 1,000 distributors and key clients across Southeast Asia,
East Asia, Australia, New Zealand and beyond.

Indonesia, Southeast Asia’s largest economy, has been a key market for Shandong Heavy
Industry for more than three decades. The country will be the third stop for Shandong
Heavy Industry – Weichai Power’s Global Partner Conference, following similar events
recently held in Central Asia and the Middle East. The conference aims to explore new
avenues for international collaboration, set up a new regional framework for mutual
benefits, and identify opportunities for further development. Tan Xuguang, chairman and
general manager of Shandong Heavy Industry Group and chairman of Weichai Power, plans
to be present to honor 14 strategic partners with awards and deliver the keynote speech
“Collaborating to Create Higher Value for Customers”. The speech will outline his
commitments to customers: maximizing product lifecycle value to boost profitability,
ensuring highest product uptime, and delivering unmatched, prompt customer service, while
also enhancing products with the latest advancements in technology, safety features,
comfort, and environmental sustainability.

Shandong Heavy Industry Group, headquartered in Jinan, China, is a key player in the
global industrial equipment sector, boasting an annual revenue of USD 72 billion. The group
owns several well-known brands including Weichai Power, China National Heavy Duty Truck,
SHACMAN, Weichai Lovol Intelligent Agricultural Technology, Shantui Construction
Machinery and Zhongtong Bus. Additionally, it holds significant stakes in several prominent
international entities including Italy’s Ferretti, Germany’s KION Group and Linde Hydraulics,
the US’s Dematic and PSI, and France’s Moteurs Baudouin. Operating across six key
segments—power systems, commercial vehicles, agricultural equipment, construction
machinery, smart logistics, and marine transportation equipment—Shandong Heavy Industry
has established technology innovation centers in more than 10 countries worldwide,
providing product and service solutions to over 150 countries and regions. Its heavy
engines, heavy-duty transmissions, heavy trucks, industrial forklifts, and luxury yachts lead
globally in technology and sales.

In recent years, Shandong Heavy Industry has increased its investment in the Southeast
Asian market, continuously creating value for the region’s customers while delivering
mutually beneficial growth. The company has achieved a notable milestone, with engine sales surpassing 100,000 units and heavy truck exports exceeding 110,000 units in nearly
five years, placing it at the forefront among Chinese brands. During the conference,
Shandong Heavy Industry will formally sign new agreements with Indonesia’s MNC Group
and Meratus through its China National Heavy Duty Truck division, in a move designed to
strengthen its financial leasing and manufacturing footprint in Southeast Asia.

The New Product Exhibition will be held concurrently to the Global Partner Conference, with
more than ten subsidiaries showcasing their flagship products and latest technologies,
demonstrating world-class product competitiveness. The showcase will highlight the
company’s cutting-edge heavy trucks, electric buses, agricultural equipment, and
powertrains, offering customized solutions that cater to the diverse and specific needs of its
global clientele.

Jakarta holds special importance to Mr. Tan as it is where he began his career in
international trade some 33 years ago. He plans to reflect on this significant life event in his
speech. The speech will underscore the Shandong Heavy Industry’s commitment to forging
strong partnerships, engaging with local markets, exploring new opportunities, and
amplifying its line-up of brands on the international stage, articulating a vision of
cooperation that promotes shared growth and benefits across the global ecosystem.

Collaborating to Maximize Value for Customers

JAKARTA, Indonesia--Jan. 23, 2024--PRNewswire/Dataxet

On January 23rd, Shandong Heavy Industry - Weichai Power will host its 3 rd  Global Partner
Conference and the Southeast Asia New Product Exhibition in Jakarta, Indonesia. The event
expects the participation from over 1,000 distributors and key clients across Southeast Asia,
East Asia, Australia, New Zealand and beyond.

Indonesia, Southeast Asia's largest economy, has been a key market for Shandong Heavy
Industry for more than three decades. The country will be the third stop for Shandong
Heavy Industry - Weichai Power's Global Partner Conference, following similar events
recently held in Central Asia and the Middle East. The conference aims to explore new
avenues for international collaboration, set up a new regional framework for mutual
benefits, and identify opportunities for further development. Tan Xuguang, chairman and
general manager of Shandong Heavy Industry Group and chairman of Weichai Power, plans
to be present to honor 14 strategic partners with awards and deliver the keynote speech
"Collaborating to Create Higher Value for Customers". The speech will outline his
commitments to customers: maximizing product lifecycle value to boost profitability,
ensuring highest product uptime, and delivering unmatched, prompt customer service, while
also enhancing products with the latest advancements in technology, safety features,
comfort, and environmental sustainability.

Shandong Heavy Industry Group, headquartered in Jinan, China, is a key player in the
global industrial equipment sector, boasting an annual revenue of USD 72 billion. The group
owns several well-known brands including Weichai Power, China National Heavy Duty Truck,
SHACMAN, Weichai Lovol Intelligent Agricultural Technology, Shantui Construction
Machinery and Zhongtong Bus. Additionally, it holds significant stakes in several prominent
international entities including Italy's Ferretti, Germany's KION Group and Linde Hydraulics,
the US's Dematic and PSI, and France's Moteurs Baudouin. Operating across six key
segments—power systems, commercial vehicles, agricultural equipment, construction
machinery, smart logistics, and marine transportation equipment—Shandong Heavy Industry
has established technology innovation centers in more than 10 countries worldwide,
providing product and service solutions to over 150 countries and regions. Its heavy
engines, heavy-duty transmissions, heavy trucks, industrial forklifts, and luxury yachts lead
globally in technology and sales.

In recent years, Shandong Heavy Industry has increased its investment in the Southeast
Asian market, continuously creating value for the region's customers while delivering
mutually beneficial growth. The company has achieved a notable milestone, with engine sales surpassing 100,000 units and heavy truck exports exceeding 110,000 units in nearly
five years, placing it at the forefront among Chinese brands. During the conference,
Shandong Heavy Industry will formally sign new agreements with Indonesia's MNC Group
and Meratus through its China National Heavy Duty Truck division, in a move designed to
strengthen its financial leasing and manufacturing footprint in Southeast Asia.

The New Product Exhibition will be held concurrently to the Global Partner Conference, with
more than ten subsidiaries showcasing their flagship products and latest technologies,
demonstrating world-class product competitiveness. The showcase will highlight the
company's cutting-edge heavy trucks, electric buses, agricultural equipment, and
powertrains, offering customized solutions that cater to the diverse and specific needs of its
global clientele.

Jakarta holds special importance to Mr. Tan as it is where he began his career in
international trade some 33 years ago. He plans to reflect on this significant life event in his
speech. The speech will underscore the Shandong Heavy Industry's commitment to forging
strong partnerships, engaging with local markets, exploring new opportunities, and
amplifying its line-up of brands on the international stage, articulating a vision of
cooperation that promotes shared growth and benefits across the global ecosystem.

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