Stepping into “Top Four Global Players”

XCMG NEWS

MAY 2020

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BY XCMG  |  05-30-2020

Stepping into “Top Four Global Players”, How does XCMG Burnish its Ever-shining Brand!

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It shows that for the first time in history, the total sales of enterprises on the list worldwide exceeded 200 billion US dollars, of which the total sales of Chinese enterprises reached 36 billion US dollars, accounting for 17.7%. With more than 30% of the total sales of Chinese enterprises, XCMG ranked the fourth from the sixth place last year. As the leading Chinese enterprise in the industry, XCMG is definitely second to none.

 

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The three Chinese enterprises headed by XCMG are among the top ten. It’s said that "no country has a higher representation in the top ten". This shows that Chinese brands are becoming an increasingly important power in the global construction machinery market.

XCMG, who continues to lead China's construction machinery industry, has always taken the spirit of “summit Mount Everest" as the backbone of its development. It focuses on high-end technologies, pay attention to the global layout, and strengthen industrial agglomeration to achieve high-quality development.

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Focus on High-end Industry and Keep Improving

Ultimately, the core of competition in the construction machinery industry is products and technology. When inspecting XCMG, President Xi Jinping clearly said that "we must have the determination to rely on Independent Development and Grasp Innovation Drive". Nowadays, the invisible hard works of Chinese enterprises in products and technologies is turning into visible achievements.

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“The NO.1 Excavator in China” Works in Coal Mines in Inner Mongolia

From Wanhua, Yantai to Gulei, Fujian, and from Saudi Arabia to Oman, XCMG 4000-ton crawler crane, which was called "the No.1 crane in the world", has successfully completed many tasks. The 700-ton mining excavator, which was called "the No.1 excavator in China" is working in the coal mine in Inner Mongolia ... From China, which is a large enough practice ground, to the infrastructure construction following the "Belt and Road Initiative", Chinese products enjoy an improving environment for better application. The Chinese technology has gradually become "solid", continuously improving and upgrading, providing a series of good products to the world.

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“The No.1 Crane in the world" Lifts the Largest Scrubber in the World

Good products are the pass for China in the world: G1 all-terrain cranes, which President Xi tried for test drive, have been launched to the market for two years, with sales accounting for more than 60% and demand exceeding supply. Complete sets of mining machinery are favored by global mining giants; "Steel Mantis" mountain excavators won orders from troops that worth of over 100 million yuan; Self-designed new electric control boxes, high-end hydraulic valves and intelligent control systems substitutes imported equipment...

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In 2020, the global economy is facing severe recession pressure under the impact of COVID-19 pandemic. As the bridgehead radiating to South America, XCMG Brazil had been running while most Brazilian enterprises were shut down.

In the first quarter, the export sales volume of the industry dropped sharply. As for XCMG, it not only resumed work and production, but also achieved full production and high yield. The exports increased by nearly 20%, which maintains a upward trend against the overall environment. The company’s status of being the best in brand and exports was increasingly solid.

"The world is very big, so XCMG should keep a firm eye on the goal of internationalization. We have already upgraded the internationalization strategy to the main strategy. In this era of the strong being increasingly strong, international enterprises must stick to the road of internationalization. “Wang Min said.