TOP50 Global Manufacturers of Construction Machinery Released, XCMG Ranks 7th Leading Chinese Counterparts

October 26, 2011

XCMG Ranks Seventh Position on TOP50 Global Manufacturers of Construction Machinery Ranking

XCMG Maintains First Position on China Construction Machinery Industry Ranking

CHINANEWS Oct.19, The rapid growth of China’s economic progress and construction has boosted the fast improvement of construction machinery industry in the country, resulting in key innovation and dramatic increase in terms of technology level and manufacturing scale of domestic enterprises, winning general acknowledgement and high commendation by international authoritative industry organizations and customers. The XCMG from Xuzhou city of Jiangsu Province is particularly outstanding.
On October 19, some 10 Chinese enterprises have been listed in the TOP50 Global Manufacturers of Construction Machinery Ranking released on Conference of Global Manufacturers of Construction Machinery & TOP50 Forum. The XCMG is listed the 7th from the 9th position last year, continuously leading Chinese enterprises and becoming the benchmarking of Chinese construction machinery industry widely acknowledged by international authoritative organizations.

XCMG Makes Record-high Ranking amongst Chinese Enterprises Again

The Conference of Global Manufacturers of Construction Machinery & TOP50 Forum (T50 Forum) is the first annual grand ceremony of international construction machinery industry jointly held by China Construction Machinery Industry Association, Association of Equipment Manufacturers, Japan Construction Equipment Manufacturers Association, South Korea Construction Equipment Manufacturers Association and other domestic and international authoritative professional organizations.
With the theme of China & World: Opportunity • Integration • Change, the conference has been attended by top 50 global manufacturers of construction machinery, top 50 domestic manufacturers of construction machinery in China, senior corporate management of over 150 construction machinery producers, including global leading manufacturers of mining equipment, major agents of Chinese construction machinery industry, customers’ representatives and top international spare parts suppliers, who exchanged views about issues concerning the dynamic developing trend of mining and construction machinery industry, Excavator industry and field of key spare parts domestically and globally.
It is worth noting that the conference organizers and committee have officially issued the TOP50 Global Manufacturers of Construction Machinery Ranking and TOP50 Chinese Manufacturers of Construction Machinery Ranking during this forum.
In the latest TOP50 Global Manufacturers of Construction Machinery Ranking released this time, the number of listed Chinese enterprises makes a record-high. The XCMG, the leading corporation of Chinese construction machinery industry, also moves forward by two positions in the ranking.
The ranking improvement of XCMG is attributed to not only a breakthrough upgrade of scale and operational quality, but also the start of a fundamental change in terms of growth mode and development pattern, which is from the scale and speed in the past to the present alteration of brands, quality, technology, sophisticated management and efficiency enhancement.

Construction Machinery Products of XCMG Reach World Level Constantly

Creation of R&D and Technology System has been considered the ultimate momentum of global industry.
Relying on globalized resources of technology, the XCMG consistently perfects technological system and layout and comprehensively upgrade its capability of self-innovation, with its products frequently reaching world level in recent years.
A group of products of XCMG representing Chinese and even the world leading technology level---500-tonnage, 1,000-tonnage, 1,200-tonnage all-terrain crane, 2,000-tonnage Crawler Crane, 12-tonnage large-scale loader, the largest in China, 88-meter aerial fire Truck, the tallest in Asia, the fourth-generation intelligent road equipment and others, is currently under tight production by the manufacturer.
To fix the target of World-class Innovation, XCMG has fastened the construction of Jiangsu Xuzhou Construction Machinery Research Institute with the total investment of 1 billion RMB and the European Research Institute based upon the two companies through merger in Europe. Meanwhile, the factories in Brazil and construction technology center, with the total investment of 200 million USD, are also under tight construction. At the same time, besides the XCMG Nanjing Research Institute, Shanghai Lingang Export Manufacturing Base and XCMG Shanghai Research Institute are also about to start construction.
It is through these R&D platforms that enable XCMG to realize the product strategy of THREE HIGH * ONE LARGE, High Technology, High Added-value, High Reliability and Large Scale.
The platforms are not only the cradle of XCMG’s future business, creating innovative brand-new products and technologies helping XCMG to lead industry in China and the world, but also build a platform of innovation with global influence, intensifying industrial leading position, initiating to enlarge the right of speech of XCMG in Formulation of Global Standard, injecting great technology momentum to realize the target of reaching the summit of industrial technologies worldwide.

Purchase R&D and Manufacturing Companies of Core Spare Parts in Developed Countries

In 2010, XCMG has taken further action in industrial chain system and geographical layout.
With the hope of further intensifying and perfecting industrial chain system, XCMG has purchased two R&D and manufacturing companies of core spare parts in developed countries, and made them involve into its own industrial chain system rapidly. Hence, the core spare parts system of XCMG has been additionally strengthened, which is expected to break through the bottleneck containing the industry for years. With the full operation of the engine manufacturing base, a joint venture established with the global leading enterprise of construction machinery---DOOSAN, XCMG further fills in the gap at the core chains of engine, improving the systematicness and integrity of industrial chain.
While extend and intensify industrial chains, XCMG’s business layout is also strengthened. Relying on the traditional advantageous pattern---crane, XCMG has officially claimed the second place of global industry of mobile crane. Meanwhile, the manufacturer won the laurel again in the industry of road equipment in China. In terms of loader field, XCMG comprehensively enhanced its marketing status and influence in China.
To further consolidate existing advantage and create more growth poles, XCMG, from 2010 to the present, has taken substantial and multiple moves in both traditional business and other strategic business, represented by Excavator, Concrete Machinery, heavy Truck and etc. The company, besides the construction of large crane manufacturing base with 5 billion RMB investment, 3.3 billion RMB of investment for large loader, concrete mixing equipment manufacturing, Excavator and sanitation equipment bases, is also dedicated to building a modern production base of large heavy Truck with 11.9 billion RMB investment with the hope of comprehensively upgrading business expansion capacity.

XCMG is to Step into Corporate Teams of 100-Billion Revenue Groups

Although great challenge lays ahead of the development of construction machinery industry at present, the improvement of international investment environment, emergence of new markets and opening-up policy of economy successively implemented in some other developing countries have enhanced the construction pace of infrastructure, which shall undoubtedly facilitate the steady advancement of construction machinery manufacturing industry.
For this, XCMG makes more endeavor in global market expansion, generating greater vitality and competitiveness.
At the beginning of the Twelfth Five-year Plan, XCMG has established an exporting product manufacturing base at Fengxian District, Shanghai with tens of billions of RMB investment to push forward progress of international business. In May this year, it built an equipment manufacturing base in Xinjiang to deeply involve in regional markets. Globally speaking, it set up logistics center in the Middle East. After purchasing overseas spare part companies, XCMG again starts to build XCMG Brazil Construction Machinery Industrial Park and prepares to other overseas production bases in Indonesia, South Africa, East Europe and India with billions of RMB investment. As international manufacturing and R&D industries’ layout is growing mature, XCMG also further deepened its international marketing service channels in 2010.
At present, XCMG has set up the most perfect and intense marketing networks of Chinese construction machinery industry at markets of global developed and developing regions. Since the year of 2010, the influence of XCMG has been dramatically enhanced via the push of various levels and connection. In some countries and regions, XCMG has become the most acknowledged brand of China’s construction machinery amongst local customers.
To realize the landing of the Fifth Five-year Plan strategic target, XCMG, focusing on reform, adjustment, optimization and upgrade, comprehensively implements projects of organizational and management reforming innovation. XCMG shall expand the markets of products and capital around the world, widen and improve construction machinery, heavy truck engine products and core spare parts area to customers, step into high-end equipment manufacturing in future and endeavor to realize the revenue surpassing 100 billion RMB next year and guarantee the operating income of 300 billion RMB by 2015, ranking the top three of global manufacturers of construction machinery.
In future, XCMG shall further speed up the upgrading reform towards modernized and service-oriented manufacturer, actively introducing more, advancing ideology and patterns, upgrading overall management operational system, fastening internationalization process with heart and soul so as to realize the fundamental change of From China to World and accomplish the industrial expectation and dreams of From Orientation to World.