COMPANY PROFILE: XCMG CONSTRUCTION MACHINERY (December 2013)
Off-Highway Research's Company Profiles are objective analyses of major construction equipment manufacturers or component suppliers.
Typical coverage includes:
|Company Structure||Manufacturing Facilities||Component Sourcing|
|Ownership||Marketing and Distribution||Production|
|Financial Analysis||Research and Development||Employees|
This report is an update of XCMG Construction Machinery Co. Ltd (XCMG CM) profile that was last published by Off-Highway Research in October 2009. XCMG CM is owned by the XCMG Construction Machinery Limited Co. (XCMG Limited) and XCMG Limited is owned by the Xuzhou Construction Machinery Group (XCMG), or the Group. The intention of this study is to focus on its construction equipment businesses, but its major component operations are also analysed.
The Xuzhou Construction Machinery Group, or XCMG for short, was formed in March 1989 mainly through the integration of three key manufacturers: Xuzhou Heavy Machinery (XHM) (mobile cranes), Xuzhou Loader Works (wheeled loaders) and Xuzhou Construction Machinery (compaction equipment), together with the Xuzhou Construction Machinery Research Institute. All situated in Xuzhou Jiangsu, each of these manufacturers have histories that go back to the 1940s, and their integration has had a profound effect on the development of the construction equipment industry, not only in Xuzhou, but for the industry as a whole, for it resulted in the first truly major industrial grouping in the sector, and one that has led the domestic industry for many years. Over the years, XCMG has undergone substantial expansion by absorbing or merging with other local manufacturers, and this has played a pivotal role in expanding its broad range of products.