Constantly adhering to the concept of sustainable development, XCMG is committed to creating a greater value for the community and provide more value-added services for the entire value chain.
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13 Facts About XCMG
1.
2.
Name "XCMG" is an acronym of "Xuzhou Construction Machinery Group".
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3.
In March 1989, XCMG Group was officially established in Xuzhou with the "three factories, one institute" model, becoming the first group company in the Chinese construction industry.
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4.
That same year, XCMG participated in the Bauma Exhibition in Germany as the first and only Chinese machinery exhibitor.
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5.
In 1997, XCMG was listed as one of the 100 modern enterprise system pilot enterprises and 120 national-level enterprise group pilot units, while Xuzhou Construction Machinery Group Import and Export Co.
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6.
In 2011, XCMG launched its "Hanfeng Plan", reforming its strategic management model with 5 business units.
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7.
Meanwhile, XCMG merged with two high-end hydraulic technology providers, AMCA and Fluitronics.
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8.
That year, XCMG ranked 5th in the global construction machinery industry.
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9.
XCMG began the construction of a 16,400 square meter research and development facility in Krefeld, Germany; along with a merger with the world-leading German concrete machinery company Schwing.
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10.
That year, XCMG received the Best Investment Award from the North Rhine-Westphalia state of Germany.
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11.
In 2014, XCMG won the highest award in China's industrial sector—China Industry Awards.
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13.
In 2018, XCMG ranked 6th among the top 50 construction machinery companies in the world and was the only Chinese company that has been included among the top ten for 7 consecutive years.
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