PR90745

LIANYUNGANG, China, July 20, 2021 /PRNewswire=KYODO JBN/ --

-Strong global alliance network helps XCMG to deliver durable commitment

-972 units marks China's biggest single order of machinery exports in the past

5 years

Leading construction machinery manufacturer XCMG (000425.SZ) sends off 972

units of construction machinery products to customers in South America via

COSCO Shipping on July 20 from Lianyungang, China. XCMG's batch delivery

including excavators, loaders, graders, among others, were loaded in 935

containers, marking the single largest overseas shipment in five years and the

second largest since the V58 Project in 2011.

"The delivery event in partnership with COSCO Shipping is of great significance

for XCMG and our partners. We overcame the huge difficulty of supply chain

maintenance during the COVID-19 pandemic situation, and enhanced global

customer confidence," said Lu Chuan, President of XCMG.

XCMG and COSCO Shipping have formed a powerful alliance since XCMG won the bid

for a major project in South America in early 2021 but then faced the enormous

challenge of delivering all products within a short period of time during the

pandemic as the global supply chain and sea freight logistics capacity was

massively restricted. COSCO Shipping acted quickly to allocate resources and

customized a solution plan for XCMG to solve the container transportation

issues to ensure timely and orderly shipping.

By the end of the first half of 2021, XCMG's export volume increased by 70

percent YOY. Its products are now sold in 187 countries and regions worldwide,

including 97 percent of Belt and Road Initiative countries, and XCMG now holds

the highest export market share in 30 countries.

The XCMG-Venezuela V58 project in 2011 which totaled USD744.6 million has been

the largest export order of Chinese construction machinery to date. The

Venezuelan government issued a benefit plan of 2 million houses to solve living

problems for residents, which required a large number of construction machinery

equipment. With comprehensive product lineups, reliable quality and leading

manufacturing and service capabilities, XCMG signed the largest export order of

6,025 units of equipment.

Forming strong alliances with relevant government departments, enterprises,

financial institutions and organizations has enabled XCMG to build strategic

collaboration platforms overseas and provide stronger product and service

support, bringing more value and win-wins for all parties.

In the last two years, China Railway Transportation Logistics ("CRTL"), also

one of XCMG's global partners, helped to deliver over 1,000 high cube shipping

containers with XCMG's machinery products to European countries via the

China-Europe Railway Express. Adapted with CargoBeamer's intermodal transport

technology, CRTL helps to cut time costs on bogie changing while crossing

borders all the way from China to Europe.

Through deepening cooperation, XCMG and its global allies can expand each

other's product lines, value chains and global scope by opening up new markets

and sharing advantageous resources to create an innovative and sustainable

platform for the entire value chain.

Source: XCMG

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   Caption: XCMG Ships 972 Units of Construction Machinery Equipment to South America.