Company

Home >  Company >  History

History

Single Business Operation

Founded in 1998, the company now has total assets of 2.2 billion Euros and 15,000 employees.

  • August 28, 1998

    Weifang Harvesting Machinery Factory of Beiqi Foton Motor Co., Ltd., was established

  • October 1998

    The first Wheat Harvester rolled off the assembly line.

  • December 7, 2000

    Model FT500 \ FT600 \ FT700 large and medium-sized tractors grandly entered the market.

  • 2001

    Sales of Wheat Harvesters ranked No.1 in China and thereafter maintained the record for 13 years


  • October 9, 2002

    The company passed ISO9000 Quality Management System Certification

  • July, 2003

    The company held ceremony for the completion and commissioning of the tractor production base, the formation of Lovol 50,000 tractors production capacity, and the 10,000th product rolling off line.

Multi-Business Operation

Lovol is a large-scale industrial equipment manufacturing enterprise primarily engaged in agricultural equipment, construction machinery, vehicles, financial services and other business.

  • September 2004

    The company's first loaders rolled off line, marking the company’s entrance to construction machinery field and beginning of the diversified development phase.

  • September 23, 2006

    The company held a promulgation ceremony for brand internationalization, changed company name to “Foton Lovol International Heavy Industry Co., Ltd.” and meanwhile officially started to use brand name “Lovol”.

Globalization Development

In 2015, the sales revenue has reached 2.95 billion Euros.

  • 2011

    The company established Huiyin Trustee Co., Ltd. and Huiyin Financial Leasing Co., Ltd.

  • October 2011

    The company officially set up European Agricultural Equipment Technical Center

  • January 2012

    Engine SBU was incorporated into Foton Lovol for unified management, and the company thus became the first enterprise with the locally-produced engine brand in heavy industry.

  • June 2012

    Excavator Technology Center in Japan was established. By then, the company initially built up a multi-spot global integrated R & D system comprised of institutes in Europe, Japan, Tianjin, and Shandong.

  • July 2012

    Axle and Transmission SBU was established, further enhancing the company’s independent manufacturing capacity of core components.

  • September 11, 2012

    The company held a ceremony in Ulaanbaatar to deliver 8,000 tractors and 8,000 units of agricultural implements to users.

  • July 31, 2013

    The company’s 80,000th exported tractor rolled off the production line in No.2 Tractor Assembly Workshop

  • November 2014

    The company signed a strategic cooperation agreement with Kawasaki.

  • January 8,2015

    LOVOL successfully acquired Europe high-end agricultural implement enterprise-MaterMacc in Italy.

  • September 15, 2015

    LOVOL Arbos Group S.P.A. inaugural ceremony was held in Bologna, Italy. 

  • November 8, 2015

    LOVOL Arbos brand made its debut in AGRITECHNICA in Germany.

  • December,2015

    LOVOL successfully acquired tractor manufacturer Goldoni in Italy.