PR98677

SHANGHAI, Nov. 8, 2022 /PRNewswire=KYODO JBN/ --

- Equipment and component purchasing strengthens the resilience of XCMG's

supply chain, furthering highly coordinated digital transformation

XCMG (SHE:000425) has confirmed purchasing intentions totaling US$60 million

with four notable global suppliers – Kawasaki, Linde Hydraulics, Danfoss and

Daimler AG - at the 5th China International Import Expo (CIIE), taking place

from November 5 to 10 in Shanghai.

"XCMG has actively sought to establish an alliance with international suppliers

at CIIE for five consecutive years, to build a high-end framework of the global

supply chain and contribute to preserving its resilience, as well as the

stability of the international construction machinery industry. At present,

XCMG has engaged 4,000 companies in China and abroad to build the most

comprehensive industry chain of construction machinery in the world," said Wang

Jiang, director of XCMG Xuzhou Construction Machinery Bonded Co., Ltd.

XCMG is purchasing hydraulic parts and components and chassis products from the

partners, which will be used in its excavation, road and firefighting machinery

equipment. Over the past four years, XCMG has accumulated purchasing intentions

worth US$249 million and accomplished a 114 percent actual completion rate.

As the global supply chain sees an increasing trend towards regionalization and

localization while facing the challenges of increased resource supply guarantee

risk, rising costs, and a lack of coordination, XCMG is committed to achieving

mutual wins with global partners and constructing the foundations for

sustainable development.

"XCMG is not only strengthening  cooperation with key enterprises in advancing

intelligent manufacturing and green, low-carbon development, but also building

a wider business scope and diverse industrial ecosystem with partners for

non-productive material procurement," said Wang.

XCMG is leveraging digital solutions to support logistics, especially during

pandemic outbreaks. Its X-DSC system allows cloud integration with suppliers to

share real-time production, inventory, logistics, and quality control data to

help suppliers lower operational costs and improve efficiency.

Through its intelligent logistics information platform, XCMG has helped match

suppliers with suitable transportation for their cargo. Additionally, XCMG has

also utilized IoT technologies to help carriers and drivers plan efficient

transportation routes.

The measures have led to an end-to-end supply chain that not only supports

upstream suppliers and improves supply chain stability but also guarantees

deliveries of XCMG's orders at home and abroad.

http://en.xcmg.com/en-ap/

SOURCE: XCMG