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Xuzhou Construction Machinery Group

Established in July 1989 in Xuzhou of Jiangsu, Xuzhou Construction Machinery Group (XCMG) ranks top in China in terms of construction machinery, products categories, competitiveness and influence. It assumes the fifth position in the world for construction machinery production. In 2011, its annual sales income reached RMB 87.1 billion, with an export of USD 1.08 billion and maintaining its top position.

XCMG strives to implement the strategy of internationalisation, increase the export, and push forward merger and acquisition overseas, in order to formulate the system of global R&D, manufacturing, sales and service. At present, XCMG exported its products to 158 countries and regions. The group established over 280 overseas agencies to provide services. Meanwhile, XCMG makes proactively effort to set up overseas offices and carry out overseas investment, merger and acquisition strategies. Since 2010, it has established 10 overseas offices in different countries, for instance, Brazil, Argentina and Azerbaijan. Moreover, it acquired the AMCA of Netherland and FT of Germany, both of which worked on the R&D of basic components. Besides, it established several overseas companies in Brazil, India and Saudi Arabia. In 2012, XCMG invested USD 290 million to acquire Schwing of Germany, an old famous producer for concrete. After this project, the expected annual sales will reach USD 600 million and the number of local employees will be 3300. Through different overseas investment modes and exploration of foreign markets, XCMG overcomes the barriers in terms of foreign market policies, technologies and trade, and thus enhance its competitiveness in the global market by diversified product categories.


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