PR93232

XUZHOU, China, Nov. 23, 2021 /PRNewswire=KYODO JBN/ --

XCMG (SHE:000425), the leading construction machinery manufacturer, has

reported an annual sales revenue of USD5.66 billion in 2020, taking the first

place in the long established ICM20 ranking of the world's largest crane

manufacturers released by the British KHL Group on November 12.

The 74 percent year-on-year robust growth has moved XCMG up from last year's

fourth place to the top spot. And in the first 10 months of 2021, XCMG has

reported a sales revenue of 235% increase for customized hoisting machines.

"XCMG has always put technological innovation a top priority, we now have five

major R&D centers worldwide, a first-ranking national level technology center

and the industry's only national key laboratory of high-end engineering

machinery intelligent manufacturing and national industrial design center.

Today, with the unremitting efforts of more than 4,000 XCMG scientists and

engineers, we are leading the industry's technological innovation development

and step by step, catching up and even surpassing with our competitors,"

remarked Wang Min, president and chairman of XCMG.

XCMG to lead China's construction machinery sector's sustainable development

To build a better community with a shared future for the world, XCMG Hoisting

Machinery published the "XCMG Hoisting Machinery Carbon Peak and Carbon

Neutrality Declaration". The declaration solemnly promises to "actively pursue

the green development vision and shoulder the responsibility of building an

ecological civilization, taking the lead in the industry to complete the goals

of reaching carbon peak and achieving carbon neutrality, and leading the

high-quality, green, low-carbon and sustainable development of the industry".

To achieve that promise, XCMG has set out six goals in the declaration

including vigorously promote clean and low-carbon energy structure, thrive to

build a pioneering green and intelligent manufacturing enterprise, accelerate

the application of low-carbon, energy-saving technologies and layout of new

energy products, support China's clean energy construction, promote the

application of remanufactured products and foster a sense of carbon reduction.

XCMG's pledge comes as China's construction machinery industry begins to take

the international stage.

According to Su Zimeng, chairman of China Construction Machinery Association

(CCMA), there are nearly 50,000 private hoisting companies in China, among

which the assets of the top 50 amount to close to USD1.57 billion. These firms

have not only built a beautiful China, but have also been among the most active

forces in global engineering constructions.

"China has massive potential for economic development with large-scale

infrastructure constructions, and its 'dual carbon' goal shows a sense of

responsibility of a major country. China's industries are showing two

development trends of going green, low-carbon and industrial upgrading, which

have also provided us with space for further development," said Su.

SOURCE  XCMG

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   Caption: XCMG Takes Top Place in the ICM20 Ranking of the World's Largest Crane

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