XCMG Concludes bauma China 2018 with over US$100 million Partnership Agreements

Posted on 22 Jan. 2019

XCMG 110t mining dump truck working with a 300t mining excavator

XCMG, one of China’s leading construction machinery manufacturers, reached landmark agreements with international firms, including a US$100 million cooperation agreement with KBA Mining Company (KBA) and Distribution of the World’s Highest Aerial Work Platform to Sinopec Heavy Lifting &Transportation Co., Ltd. (SHLTC). 

The large agreements signify XCMG’s ambitious targets into the global high-end mining market along with the willingness to further expand it reach into the European market. At present, XCMG products have been exported to 182 countries and regions around the world, allowing its heavy equipment to reach overseas and grow the economic construction for countries around the world. XCMG also showcased 79 of its latest products and 41 pieces/sets of core components at the event.

Mr. Wang Min, Chairman and President of XCMG, pointed out that its export volume for the whole year has soared 40% year on year, exceeding USD $1.3 billion. He further explained that XCMG’s strategic goal is to increase its overseas revenue share to over 50%.

Mr. Wang Min addressing at the XCMG event

No tags