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

Image Attachments Links:

   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.