The construction machinery industry has launched a race to go global. XCMG leverages the global mark
Created Date: 16th Dec 2024
The reporter from China Business News noticed that behind the statement made by Chris Aitchison, the general manager of SimFer project, Xugong has successfully won the bid for the world's largest undeveloped iron ore mine - the Simandou mine project in Guinea, providing a complete set of core mining equipment with a total contract amount of nearly 800 million yuan.
Behind winning major orders in Africa, XCMG, as the leader in China's construction machinery industry, is accelerating its exploration of global markets with its technological accumulation and continuous efforts in high-end, intelligent, and green tracks. Taking XCMG's listed company XCMG Machinery (000425. SZ) as an example, in the first three quarters of 2024, overseas revenue accounted for over 46%.
Not only XCMG, but also the Chinese construction machinery industry is collectively racing to go global.
According to relevant data, the import and export trade volume of construction machinery in China in October 2024 was 4.841 billion US dollars, a year-on-year increase of 24.2%.
According to a research report by the Federal Reserve Securities, Asia, Latin America, Africa and other regions are China's main export destinations, and domestic brands can already compete directly with international leaders in the local market.
In recent years, we have anchored our strategic goal of 'building a world-class enterprise and climbing the global industrial peak', adhered to reform and innovation without wavering, and stimulated the vitality and momentum of high-quality development through the mixed ownership and restructuring of the engineering machinery sector and its overall listing. "On November 26th, Yang Dongsheng, Chairman and Party Secretary of XCMG Group and XCMG Machinery, also emphasized," We will make every effort to build intelligent XCMG, green XCMG, and world-class XCMG
Overseas income consistently ranks first in the industry
At the 2024 Bauma CHINA exhibition in Shanghai, which returned after a four-year hiatus, leading Chinese construction machinery companies including XCMG received particular attention from the industry.
According to public information, bauma, the construction machinery exhibition in Munich, Germany, is the world's largest and most internationally influential construction machinery exhibition, known as the "technology Oscar" of the global construction machinery industry.
The Shanghai BMW Construction Machinery Exhibition, as an extension of the German bauma exhibition in China, entered the Chinese market in 2002.
It is reported that the 2024 Shanghai BMW Construction Machinery Exhibition, which kicked off on November 26, has the theme of "Chasing the Light and Encountering the Brilliance of All Things". In addition to gathering 3542 exhibitors from 32 countries and regions around the world, more than 200000 visitors from more than 130 countries and regions participated, and tens of thousands of new products and technologies were unveiled.
The reporter learned from XCMG that at the 2024 Shanghai BMW Construction Machinery Exhibition, XCMG will showcase 110 main engines, 73 components, 7 construction scenarios+wandering earth IP scenarios, and the "Smart Space Station", covering 9 major industrial sectors such as earthmoving machinery, mining machinery, and lifting machinery, fully demonstrating the latest achievements of "high-end, intelligent, green, service-oriented, and international" transformation.
XCMG introduced to reporters that among its many products displayed to the public, many have set global records. For example, XR2600F is the world's largest tonnage rotary drilling rig, XCA4000 all terrain crane is the world's largest tonnage and lifting capacity wheeled crane, and XZE16000 is the world's largest tonnage electrically driven horizontal directional drilling rig XZE16000, which can complete 2-meter pipe diameter and 5000 meter crossing construction in one go.
Behind the successive appearances of star products is a true reflection of the significant effectiveness of XCMG's high-end strategy.
XCMG has deeply implemented the industrial foundation reconstruction project and major technological equipment research and development project, built a '1+6+N' global collaborative innovation system, strengthened deep cooperation with research institutes and universities, increased strategic resource investment in high-end technology, high-end products, high-end quality, high-end components and high-end brands, and achieved a leap from following and running to leading.
In addition to creating a batch of major national heavy machinery, information from XCMG also shows that in recent years, XCMG has focused on the layout of the industrial chain innovation chain, conquered a number of key core component technologies such as new electric control boxes and high-pressure high flow pump motors, and achieved a localization rate of 93%.
65 high-end core component products have reached international standards, with a total of more than 11600 valid authorized patents and 5 international standards released, significantly improving the resilience and safety level of the industrial and supply chains
In this situation, XCMG has successively won a batch of large orders in recent years.
On November 26th, the opening day of the 2024 Shanghai BMW Engineering Machinery Exhibition, a representative from XCMG introduced: "XCMG Qingshan Indonesia New Energy Engineering Machinery Manufacturing Project signed a contract, China's largest export tonnage crawler crane signed a contract, one construction, one sales, one front and one back, with a difference of no more than 3 minutes." Also on November 26th, XCMG signed the "largest export order for electric mining machinery" with Fortescue.
At the 2024 Global T50 Summit for Construction Machinery, XCMG, which continues to lead in the field of cranes, once again ushered in its own highlight moment by delivering orders worth over 200 million yuan in bulk on the world stage of the Shanghai BMW Exhibition.
Such hardcore orders include the "world's first crane" XCA4000 wheeled crane, "Qingfeng No. 4" XCA2000 all ground crane, "Wind Power Giant, Thousand ton Intelligent Control" XLC18000M crawler crane, and "Wind Power Superstar" XLC17000 crawler crane.
Behind the signing and delivery of a batch of orders, XCMG, which has been deeply rooted in overseas markets for many years, is accelerating its efforts to leverage the global market.
As the earliest Chinese construction machinery brand to go global, XCMG was the first to enter the international market in the industry as early as the late 1980s. In 1992, XCMG obtained the right to export on its own, officially marking the beginning of internationalization.
In July 1997, XCMG established an import and export company.
The relevant person in charge of XCMG introduced that after nearly 30 years of exploration and practice, XCMG has embarked on a unique path of internationalization, forming a "five in one" international development model of export trade, overseas factory construction, cross-border mergers and acquisitions, global research and development, and international talent cultivation.
Information from XCMG shows that at present, it has more than 300 overseas distributors, more than 2000 service spare parts outlets, and its products are exported to more than 190 countries and regions, covering more than 95% of the countries and regions along the "the Belt and Road", and its annual export volume and overseas revenue continue to rank first in the Chinese industry.
Behind winning major orders in Africa, XCMG, as the leader in China's construction machinery industry, is accelerating its exploration of global markets with its technological accumulation and continuous efforts in high-end, intelligent, and green tracks. Taking XCMG's listed company XCMG Machinery (000425. SZ) as an example, in the first three quarters of 2024, overseas revenue accounted for over 46%.
Not only XCMG, but also the Chinese construction machinery industry is collectively racing to go global.
According to relevant data, the import and export trade volume of construction machinery in China in October 2024 was 4.841 billion US dollars, a year-on-year increase of 24.2%.
According to a research report by the Federal Reserve Securities, Asia, Latin America, Africa and other regions are China's main export destinations, and domestic brands can already compete directly with international leaders in the local market.
In recent years, we have anchored our strategic goal of 'building a world-class enterprise and climbing the global industrial peak', adhered to reform and innovation without wavering, and stimulated the vitality and momentum of high-quality development through the mixed ownership and restructuring of the engineering machinery sector and its overall listing. "On November 26th, Yang Dongsheng, Chairman and Party Secretary of XCMG Group and XCMG Machinery, also emphasized," We will make every effort to build intelligent XCMG, green XCMG, and world-class XCMG
Overseas income consistently ranks first in the industry
At the 2024 Bauma CHINA exhibition in Shanghai, which returned after a four-year hiatus, leading Chinese construction machinery companies including XCMG received particular attention from the industry.
According to public information, bauma, the construction machinery exhibition in Munich, Germany, is the world's largest and most internationally influential construction machinery exhibition, known as the "technology Oscar" of the global construction machinery industry.
The Shanghai BMW Construction Machinery Exhibition, as an extension of the German bauma exhibition in China, entered the Chinese market in 2002.
It is reported that the 2024 Shanghai BMW Construction Machinery Exhibition, which kicked off on November 26, has the theme of "Chasing the Light and Encountering the Brilliance of All Things". In addition to gathering 3542 exhibitors from 32 countries and regions around the world, more than 200000 visitors from more than 130 countries and regions participated, and tens of thousands of new products and technologies were unveiled.
The reporter learned from XCMG that at the 2024 Shanghai BMW Construction Machinery Exhibition, XCMG will showcase 110 main engines, 73 components, 7 construction scenarios+wandering earth IP scenarios, and the "Smart Space Station", covering 9 major industrial sectors such as earthmoving machinery, mining machinery, and lifting machinery, fully demonstrating the latest achievements of "high-end, intelligent, green, service-oriented, and international" transformation.
XCMG introduced to reporters that among its many products displayed to the public, many have set global records. For example, XR2600F is the world's largest tonnage rotary drilling rig, XCA4000 all terrain crane is the world's largest tonnage and lifting capacity wheeled crane, and XZE16000 is the world's largest tonnage electrically driven horizontal directional drilling rig XZE16000, which can complete 2-meter pipe diameter and 5000 meter crossing construction in one go.
Behind the successive appearances of star products is a true reflection of the significant effectiveness of XCMG's high-end strategy.
XCMG has deeply implemented the industrial foundation reconstruction project and major technological equipment research and development project, built a '1+6+N' global collaborative innovation system, strengthened deep cooperation with research institutes and universities, increased strategic resource investment in high-end technology, high-end products, high-end quality, high-end components and high-end brands, and achieved a leap from following and running to leading.
In addition to creating a batch of major national heavy machinery, information from XCMG also shows that in recent years, XCMG has focused on the layout of the industrial chain innovation chain, conquered a number of key core component technologies such as new electric control boxes and high-pressure high flow pump motors, and achieved a localization rate of 93%.
65 high-end core component products have reached international standards, with a total of more than 11600 valid authorized patents and 5 international standards released, significantly improving the resilience and safety level of the industrial and supply chains
In this situation, XCMG has successively won a batch of large orders in recent years.
On November 26th, the opening day of the 2024 Shanghai BMW Engineering Machinery Exhibition, a representative from XCMG introduced: "XCMG Qingshan Indonesia New Energy Engineering Machinery Manufacturing Project signed a contract, China's largest export tonnage crawler crane signed a contract, one construction, one sales, one front and one back, with a difference of no more than 3 minutes." Also on November 26th, XCMG signed the "largest export order for electric mining machinery" with Fortescue.
At the 2024 Global T50 Summit for Construction Machinery, XCMG, which continues to lead in the field of cranes, once again ushered in its own highlight moment by delivering orders worth over 200 million yuan in bulk on the world stage of the Shanghai BMW Exhibition.
Such hardcore orders include the "world's first crane" XCA4000 wheeled crane, "Qingfeng No. 4" XCA2000 all ground crane, "Wind Power Giant, Thousand ton Intelligent Control" XLC18000M crawler crane, and "Wind Power Superstar" XLC17000 crawler crane.
Behind the signing and delivery of a batch of orders, XCMG, which has been deeply rooted in overseas markets for many years, is accelerating its efforts to leverage the global market.
As the earliest Chinese construction machinery brand to go global, XCMG was the first to enter the international market in the industry as early as the late 1980s. In 1992, XCMG obtained the right to export on its own, officially marking the beginning of internationalization.
In July 1997, XCMG established an import and export company.
The relevant person in charge of XCMG introduced that after nearly 30 years of exploration and practice, XCMG has embarked on a unique path of internationalization, forming a "five in one" international development model of export trade, overseas factory construction, cross-border mergers and acquisitions, global research and development, and international talent cultivation.
Information from XCMG shows that at present, it has more than 300 overseas distributors, more than 2000 service spare parts outlets, and its products are exported to more than 190 countries and regions, covering more than 95% of the countries and regions along the "the Belt and Road", and its annual export volume and overseas revenue continue to rank first in the Chinese industry.