Tan Xuguang, Chairman of Weichai Group Won Italian Leonardo Awards

The Leonardo 2018 Awards ceremony took place at the Palazzo Barberini in Rome on March 20, in the presence of the President of the Republic Sergio Mattarella. Among the honorees, Tan Xuguang, Chairman of Weichai Group,is the only foreign entrepreneur to get the award of this kind, showing the influence and competiveness of Chinese companies on the international stage.

As the most influential award among Italian companies to recognize the economic person of the year, the Leonardo International Award is given to a foreigner in Italy who made great efforts to promote bilateral exchanges in areas such as the economy and technology. In 2018, the Leonardo Committee alone achieved a total turnover of almost 360 billion euros, about 20.4% of Italian GDP, with an average export share of 55%.

Tan, chairman of Chinese heavy-truck and components developer and manufacturer Weichai Group and Italian yacht-maker Ferretti Group, is the only foreign entrepreneur to get the award of this kind, showing the influence and competiveness of Chinese companies on the international stage.

Under the leadership of Tan Xuguang, the Weichai Group successfully completed the acquisition of the Ferretti Group, with a total investment of 400 million euros. According to Tan, Weichai will facilitate Ferretti, the world's largest luxury yacht manufacturer, to enter into China's marine market through strategic restructuring and promote the high-quality transformation of Shandong's marine economy.

Since 2009, Weichai has began a process of global expansion with the acquisition of Baudouin in France, KION and Linde Hydraulics in Germany, Dematic and PSI in the United States, Ceres in England and Ballard in Canada, reaching a global turnover of 31 billion euros.

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