Shandong Weifang Luzhong Tractor Co., Ltd is a tractor manufacturer that integrates research and development, manufacturing and sales. Its predecessor was Shandong Weifang Luzhong Tractor Factory, which was founded in June 1996. In March 1998, it is reconstructed as Shandong Weifang Luzhong Tractor Co., Ltd. The company’s registered capital is 50 million yuan. As of the end of 2015, the company’s total assets reached 237.66 million yuan and its annual sales reached 440 million yuan. The company is also a unit of the China Agricultural Mechanization Association.
I. The Company’s Main Products
The company’s main products include the Luzhong brand series 180-280 single-cylinder four-wheel tractors, the b300/350, 400/550, 600, 700/800 and 900 series medium horse-power tractors, and the high-power wheeled tractors of the 1000, 1104, 1204, 1304, 1404, 1504, 160, 1804 and 2004 series.
II. The Company’s Input into Software and Hardware
The company has advanced mechanic processing, punching, welding, spraying and phosphating equipment, as well as complete machine assembly components. Its annual capacity of manufacturing tractors has reached 100,000. In recent years, the company has invested 24.76 million yuan in updating equipment, including CNC machine tools, technology and equipment molds and testing & examination equipment. This greatly improves the company’s production technology and guarantees products’ quality and safety.
The company currently has 335 employees, among which graduates from junior colleges and secondary schools account for 65%. In the working staff, there are 33 researchers, while the proportion of people having engineer and senior engineer qualifications is over 11%.
The company attaches a high emphasis over inputs in research and development. It allocates 5% of its sales revenues as the research and development expenditures for purchasing advanced technical equipment and sending R&D personnel to have communications and further learning, thereby greatly improving its research and development level and making the products’ designs more reasonable and humane. In 2010, it was elected by Weifang Science and Technology Bureau as “Weifang Mediu-power and High-power Tractor Engineering Technical Research Center”. In 2016, it was elected by Weifang Development and Reform Bureau as “Weifang Tractor Project”.
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