PR90151

XUZHOU, China, June 17, 2021 /PRNewswire=KYODO JBN/ --

Leading Chinese construction machinery manufacturer XCMG (SHE:000425) has

formulated and published the industry's first "Hoisting Supply Chain Safety

Development Report and Initiative" (the "Report"), a blockbuster release since

XCMG's publication of the "4.0 Sustainability Principles for Hoisting Industry

Chain" in 2016.

The Report details the hoisting industry's achievements in terms of scale,

quality and safety development, while pointing out the bottleneck issues that

are affecting the industry's sustainable development. It has raised the

development goal of "reaching the top echelon of the global hoisting industry

and becoming a world-class hoisting corporation with global trust and unique

value." The Report also highlighted "operational safety, equipment safety, use

safety and social safety" initiatives.

"A normalized evaluation and review of the development status of the hoisting

industry chain will help us better identify our development direction and

assume industry responsibilities. For this reason, we've formulated this report

to maintain the healthy and sustainable development of the hoisting industry

and shoulder social responsibilities," said Wang Min, chairman and CEO of XCMG.

The key findings of the Report center on risk awareness in both equipment

design/maintenance/usage and company operation and highlight the need to:

- Pay more attention to safety features in product design, introduce active

safety technologies including high-precision moment limiter, boom

anti-collision, luffing compensation and more;

- Follow strict maintenance schedules and standards to ensure smooth

operations;

- Increase awareness of safety training to reduce major safety incidents;

- For companies, it's crucial to pursue a virtuous cycle of capital flow and

balance of payments.

The Report also set the goal of entering the top echelon of the global hoisting

industry by providing comprehensive and professional services, building

impeccable organizational structure, establishing unified and integrated

management standards and corporate culture, and emphasizing equipment

maintenance and technological innovation.

The hoisting industry should also embrace those major opportunities that will

promote the industry's sustainable development, as stricter supervision and

standardized management will accelerate its development, and a new generation

of talent is growing into the backbone of the industry. China's strong economic

development and infrastructure investment will also bring development potential.

For more information, please visit XCMG( http://en.xcmg.com/en-ap/ ).

SOURCE  XCMG

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   Caption: XCMG Publishes (China)2021 Hoisting Industry Chain Sustainable Development

Report.