Chinese manufacturer Zoomlion to start MEWP production in Europe with €100 million factory

Zoomlion has been present in Hungary since 2021 but has now reached an agreement with developer CTP for a 10-year lease on a new site at CTPark Tatabánya, to the west of Budapest.

Zoomlion’s investment will see CTP tailor the 35,000-square-metre TBN5 logistics building to meet the OEM’s requirements for the production of scissor lifts and boom lifts.

The Chinese manufacturer will also use outdoor areas, new service facilities, and a 20,000-square-metre testing zone.

CTP noted that CTPark Tatabánya sits near Hungary’s M1 highway, connecting the factory to major transit routes linking eastern and western Europe.

Wang Yongxiang, co-president of Zoomlion, said, “We chose CTPark Tatabánya as the base for our operations because CTP offers high-quality, sustainable properties and services, allowing us to fully focus on our production and logistics activities.

“We are excited to fully leverage our newly established localized factory to provide products and services to both local and European customers with greater efficiency and convenience. This strategic move will not only enhance our operational capabilities but also strengthen our service delivery in the region.”