Yihe New Area drives global expansion in H1

A shipment ceremony celebrates the export of high-end SDLG bulldozers. [Photo/Linyi Daily]

Shandong Lingong Construction Machinery Co Ltd (SDLG) recently issued its first invoice in Brazil, delivering electric loaders to dealer Tracbel and marking a major milestone for its overseas operations. Meanwhile, SDLG capitalized on surging African infrastructure investments, significantly boosting its regional sales and service network in the first half of the year.

Driven by this momentum, Yihe New Area generated 21.37 billion yuan ($3.1 billion) in imports and exports during the first half, accounting for 23.2 percent of the city's total. International markets are rapidly emerging as a vital growth engine for the region. Beyond SDLG, numerous local manufacturers are accelerating their global footprint. The area added five new foreign trade entities during the first half, generating 3.66 billion yuan in trade, up 18.2 percent.

This corporate expansion is supported by strong financial and governmental services. Lishang Bank established a dedicated cross-border financial channel, offering customized solutions for settlement, financing, and risk management to lower transaction costs.

Additionally, Yihe New Area launched the "Yimaotong" platform backed by a 30-million-yuan risk compensation fund to ease financing bottlenecks. Streamlined tax services facilitated 830 million yuan in export tax rebates, accounting for 28.4 percent of the citywide total and providing strong support for local enterprises expanding into global markets.

A shipment ceremony celebrates the export of high-end SDLG bulldozers. [Photo/Linyi Daily]

Shandong Lingong Construction Machinery Co Ltd (SDLG) recently issued its first invoice in Brazil, delivering electric loaders to dealer Tracbel and marking a major milestone for its overseas operations. Meanwhile, SDLG capitalized on surging African infrastructure investments, significantly boosting its regional sales and service network in the first half of the year.

Driven by this momentum, Yihe New Area generated 21.37 billion yuan ($3.1 billion) in imports and exports during the first half, accounting for 23.2 percent of the city's total. International markets are rapidly emerging as a vital growth engine for the region. Beyond SDLG, numerous local manufacturers are accelerating their global footprint. The area added five new foreign trade entities during the first half, generating 3.66 billion yuan in trade, up 18.2 percent.

This corporate expansion is supported by strong financial and governmental services. Lishang Bank established a dedicated cross-border financial channel, offering customized solutions for settlement, financing, and risk management to lower transaction costs.

Additionally, Yihe New Area launched the "Yimaotong" platform backed by a 30-million-yuan risk compensation fund to ease financing bottlenecks. Streamlined tax services facilitated 830 million yuan in export tax rebates, accounting for 28.4 percent of the citywide total and providing strong support for local enterprises expanding into global markets.

Editor：韩蒙蒙