XCMG Ranks in Top Three in KHL Group's Yellow Table for Second Consecutive Year
PR96368
XUZHOU, China, June 7, 2022 /PRNewswire=KYODO JBN/--
Its Aerial Work Platform Also Ranks 5th Position in the Access M20
Manufacturers list
XCMG (SHE:000425) is ranked among the top three original equipment
manufacturers (OEMs) in the world for the second consecutive year, according to
the Yellow Table published by International Construction Magazine, a subsidiary
of global construction media company KHL Group. Furthermore, XCMG's aerial work
platform also ranks fifth worldwide in the Access M20 Manufacturers list.
XCMG has performed well in other global performance indicators, with mobile
canes and horizontal directional drilling ranked first, tower cranes ranked
second, truck-mounted cranes and road machinery ranked third for the first
time, mine surface excavation equipment ranked top five, and complete sets of
piling machinery and concrete machinery ranked first. XCMG's excavation
equipment ranks second in China and sixth in the world and has exceeded 200,000
units in production and sales.
Additionally, XCMG's has made the industry's first position of lifting fire
trucks and boom-type aerial work platforms more stable, improving
profitability. Revenue for small construction machinery and forklifts increased
by 50% and 258% respectively year-on-year. XCMG's new maintenance base is also
in operation, with the asphalt station and chassis maintenance products ranking
among top two in the industry.
"Not only has XCMG's operating income reached a record high, the revenue
balance across different product categories has also become more even," said
Wang Min, CEO and Chairman of XCMG.
Internationalization of markets
In 2021, despite obstacles presented by the pandemic, XCMG expanded to overseas
markets and achieved export revenue exceeding RMB 13 billion, a year-on-year
increase of more than 90%.
Other international achievements also include investing USD 99 million in North
American market expansion, winning a contract for a large order of cranes worth
RMB 100 million in Asia-Pacific, deploying almost RMB 200 million of
large-scale open-pit mining equipment to Africa, supplying 500 excavators to
Southeast Asia and delivering over 100 aerial work platforms to North America.
Additionally, XCMG Brazilian manufacturing base is making breakthroughs in the
South American construction machinery market. In 2021, its production and sales
volume saw a more than 200% year-on-year increase and its operating scale
increased by 198% year-on-year. "The development goal of our Five-Year Plan is
to ensure that income from internationalization is no less than 40%," Wang
added.
Driving industry change
As a world leader in the construction machinery industry, XCMG's vision is
driven by long-term investment and high-level innovation in research and
development into the technology surrounding its equipment.
In recent years, XCMG has continued to strengthen its innovation capacity and
develop leading scientific and technological research. Among its products are
the world's largest tower crane XGT15000-600S, the world's largest rear-drive
mining dump truck DE440, super-large mining grader GR5505, and domestic tonnage
loader XC9350, which form part of its extensive catalog of high-quality
machinery.
SOURCE: XCMG
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Link: http://asianetnews.net/view-attachment?attach-id=422818
Caption: Yellow Table 2022 from KHL Group: XCMG Ranked Top Three OEMs in the World for
the 2nd Consecutive Year; Credit: KHL Group.
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