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After 18 years of development, Northern shares have become the research and development and production base of China's mining vehicles. Its products have already occupied more than 75% of the domestic market and are exported to more than 10 overseas countries.
Terex North Mining Machinery Co., Ltd. is another joint venture established by the Northern Shares following Atlas Construction Machinery Co., Ltd., the company’s two major shareholders, the Northern Shares and the United States Terex’s Unitel The company invests 50% each, mainly producing super-large tonnage electric drive mining vehicles of 120 tons to 360 tons. The establishment of Terex North Mining Machinery Co., Ltd. further developed and perfected the product chain of the North Shares and formed four industrial platforms, namely: mining vehicles (25 tons - 360 tons) series of mining Automobile industry platform; 12-30 ton-meter rotary drilling rig platform with 20-ton-meter rotary drilling rig as the leading; pile-driving machinery platform with crawler hydraulic excavator as the leading; mining vehicle with hydraulic cylinder as the leading product And engineering machinery parts processing export platform. The establishment of these four major industrial platforms has also laid a solid foundation for the northern shares to move toward grouping and internationalization.
Terex Unitelgage, another major shareholder of Terex North Mining Machinery Co., Ltd., was founded in 1935. It is the pioneer in the development and application of diesel electromechanical drive dumping in the world. It has the largest variety of models and holds the world's largest 50% market share of tonnage mining vehicles.
At this point, the Northern Shares became China and the only large enterprise in the world that produces both mechanical and electric mining vehicles. The establishment of Terex North Mining Machinery Co., Ltd. not only filled the gap in the production of large-tonnage electric wheels in China, but also added a strong driving force for the adjustment of product structure and market share of the North shares.
It is understood that the first three 172-ton MT3600 electric-driven mining trucks produced by Terex North Mining Machinery Co., Ltd. have been successfully off-line and delivered to the dolomite mine on March 29. The car has a deadweight of 124 tons, a length of 13.1 meters, a width of 7.3 meters and a height of 6.8 meters. At the beginning of 2006, the Northern Shares won the bid for 55 electric wheel mining vehicles of Shenhua Group. Only one contract will generate sales revenue of RMB 1.2 billion. The giant tonnage electric wheel, a behemoth that enters the Chinese market, will also bring a win-win situation for users and northern shares.
The confidence of the North shares is full of confidence in the development goals during the “Eleventh Five-Year Plan†period: through the “three-step†development strategy, the northern shares will be built into a large-scale internationalized and grouped company with a sales income of 4 billion.
China's first super-large electric drive mining truck company is about to be born. On March 28, 2006, Terex North Mining Machinery Co., Ltd. held its inaugural meeting in Baotou, Inner Mongolia. The company is a joint venture between Northern Heavy Duty Truck Co., Ltd. and Terex Unitek of the United States. It is registered in Baotou High-tech Development Zone in China and can provide 120-360 tons of electric-driven mines for domestic users. The use of cars, which indicates that the super-large electric drive mining vehicles have achieved localized production in China.
December 13, 2022