XCMG becomes the sole Chinese enterprise listed in the Top 10 of Yellow Table 2016

Recently, the international authoritative industry magazine International Construction released the latest Top 50 global construction machinery manufacturers (Yellow Table 2016). XCMG is the sole Chinese enterprise listed in the Top 10.

Analysis pointed out that influenced by the fall of commodity prices, slowed growth of the new economy, and the world economic downturn, the total output value of global top 50 construction machinery manufacturing enterprises falls by 16.2% over last year, a record low since 2009. The report also stressed that Chinese enterprises experience the most serious decline, which is largely due to the slowdown of China's economic growth. Only XCMG remains in the Top 10, ranking ninth in the list.

Powerhouses are always mighty. Leading the China construction machinery industry for 27 years, XCMG constantly strengthens business transformation, makes breakthrough in high-end technology and is rooted in the global layout in the serious situation, maintaining a steady pace of progress. In recent years, its traditional advantageous market continues to maintain a leading position, high-end products market takes more and more share, new economic growth point achieves rapid growth, assets efficiency has been further improved, and the overseas business shows good upward momentum, fully demonstrating the ability of resisting the external risk and maintaining steady development pace of an internationalized enterprise.

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