Xuzhou Construction Machinery Group Co., Ltd. () is a Chinese multinational heavy machinery manufacturing company with headquarters in
Xuzhou
Xuzhou ( zh, s=徐州), also known as Pengcheng () in ancient times, is a major city in northwestern Jiangsu province, China. The city, with a recorded population of 9,083,790 at the 2020 Chinese census, 2020 census (3,135,660 of which lived in ...
, China. XCMG currently ranks first in the Chinese construction machinery industry, 3rd in the world, 4th in China's top 100 machinery enterprises, and 409th in the world's top 500 brands.
XCMG Group’s subsidiary, XCMG Construction Machinery Co. Ltd., was listed on the
Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...
in 1996.
XCMG products are sold in more than 180 countries and regions and cover 97% of the countries along the
Belt and Road Initiative
The Belt and Road Initiative (BRI or B&R), known in China as the One Belt One Road and sometimes referred to as the New Silk Road, is a global infrastructure development strategy adopted by the government of China in 2013 to invest in more t ...
. The group holds a worldwide sales network including more than 20 manufacturing bases in China, 1 overseas headquarters in
Davao City
Davao City, officially the City of Davao, is a City of the Philippines#Legal classification, highly urbanized city in the Davao Region, Philippines. The city has a total land area of , making it the List of Philippine cities and municipalities ...
, Philippines, 300 overseas distributors, over 2,000 service centers, 40 overseas offices, and more than 30 overseas branches.
The group also has R&D centers and manufacturing bases or KD factories in more than 10 countries including Germany, United States, Brazil, and India, and has acquired 3 European companies including Schwing.
Name
The name "XCMG" is an
acronym
An acronym is a type of abbreviation consisting of a phrase whose only pronounced elements are the initial letters or initial sounds of words inside that phrase. Acronyms are often spelled with the initial Letter (alphabet), letter of each wor ...
of "Xuzhou Construction Machinery Group".
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History
1943 to 1989
In 1943, one of the predecessors of XCMG Group, "Huaxing Iron Factory" was founded and later became Xuzhou Heavy Machinery Factory.
In 1948 and 1949, Jinan Meifeng Pound Factory and Xuzhou Shunhe Auto Repair Shop were established and later developed as Xuzhou Construction Machinery Manufacturing Factory and Xuzhou Loader Factory respectively. All three factories played an important role in contributing to the development of XCMG Group today.
In 1957, the Huaxing Iron Factory completed trial production of its first tower crane, paving the way for XCMG's construction machinery business later on.
In 1960, China's first 10-tonne steamroller was developed.
In 1963, China's first 5-tonne truck crane was developed.
1989 to 1999
In March 1989, XCMG Group was officially established in Xuzhou based on the "three factories, one institute" model (Xuzhou Heavy Machinery Factory, Xuzhou Loader Factory, Xuzhou Construction Machinery Manufacturing Factory and Xuzhou Construction Machinery Research Institute), becoming the first group company in the Chinese construction industry.
In 1992, then-General Secretary of the Chinese Communist Party
The general secretary of the Central Committee of the Chinese Communist Party ( zh, s=中国共产党中央委员会总书记, p=Zhōngguó Gòngchǎndǎng Zhōngyāng Wěiyuánhuì Zǒngshūjì) is the leader of the Chinese Communist Part ...
(CCP) Jiang Zemin
Jiang Zemin (17 August 1926 – 30 November 2022) was a Chinese politician who served as General Secretary of the Chinese Communist Party, general secretary of the Chinese Communist Party (CCP) from 1989 to 2002, as Chairman of the Central Mil ...
inspected XCMG. It also became the first company in the industry to obtain the right to export independently, officially kicking off its prelude to internationalization. That same year, XCMG participated in the Bauma Exhibition in Germany as the first and only Chinese machinery exhibitor.
In 1993, Xuzhou Construction Machinery Co., Ltd. was established.
In 1994, XCMG and Caterpillar formed a joint venture, namely Caterpillar (Xuzhou) Co., Ltd.
In 1995, XCMG and Liebherr Group
Liebherr () is a German-Swiss multinational equipment manufacturer based in Bulle, Switzerland, with its main production facilities and origins in Germany.
Liebherr consists of over 130 companies organized into 11 divisions: earthmoving, mini ...
formed a joint venture, namely Xuzhou Liebherr Concrete Machinery Co., Ltd. Meanwhile, the company was restructured into a wholly state-owned enterprise, namely Xuzhou Construction Machinery Group Co., Ltd.
In 1996, XCMG was listed on the Shenzhen Stock Exchange
The Shenzhen Stock Exchange (SZSE; ) is a stock exchange based in the city of Shenzhen, in the People's Republic of China. It is one of three stock exchanges operating independently in Mainland China, the others being the Beijing Stock Excha ...
SZSE: 000425, while forming a joint venture with Rockwell (Xuzhou Rockwell Axle Co., Ltd.). That year, then- CCP Politburo Standing Committee member Hu Jintao
Hu Jintao (born 21 December 1942) is a Chinese retired politician who served as the general secretary of the Chinese Communist Party (CCP) from 2002 to 2012, the president of China from 2003 to 2013, and chairman of the Central Military Comm ...
inspected XCMG.
In 1997, XCMG was listed as one of the 100 modern enterprise system pilot enterprises and 120 national-level enterprise group pilot units, while Xuzhou Construction Machinery Group Import and Export Co., Ltd. was established with the approval of the Ministry of Foreign Economic Relations.
2011 to Present
In 2011, XCMG launched its "Hanfeng Plan", reforming its strategic management model with 5 business units. The group also signed an agreement with the Venezuelan government to establish a local construction equipment manufacturing joint-venture company. Meanwhile, XCMG merged with two high-end hydraulic technology providers, AMCA (Netherlands) and Fluitronics (Germany). That year, XCMG ranked 5th in the global construction machinery industry.
In 2012, XCMG's 4 major industrial bases were completed and put into full production under the business unit system, in addition to the completion of the 1-billion RMB Jiangsu Xuzhou Construction Machinery Research Institute. Meanwhile, new manufacturing facilities in Xuzhou for all-terrain cranes, wheeled loaders, concrete pumps, and other concrete machineries were completed at a cost of US$1.9 billion. Occupying around 2 million square meters, the facilities are able to build 5,000 large and medium capacity cranes, 40,000 wheeled loaders and 20,000 units of concrete machinery annually. XCMG also began the construction of a 16,400 square meter research and development facility in Krefeld
Krefeld ( , ; ), also spelled Crefeld until 1925 (though the spelling was still being used in British papers throughout the Second World War), is a city in North Rhine-Westphalia, in western Germany. It is located northwest of Düsseldorf, its c ...
, Germany; along with a merger with the world-leading German concrete machinery company Schwing a German manufacturer of mobile and stationary concrete pumps and truck mixers, headquartered in Herne, as well as the parent company of Schwing Stetter, based in Memmingen
Memmingen (; Swabian German, Swabian: ''Memmenge'') is a town in Swabia (Bavaria), Swabia, Bavaria, Germany. It is the economic, educational and administrative centre of the Danube-Iller region. To the west the town is flanked by the Iller, the ...
. The business group is the world's second largest concrete pump manufacturer, behind Putzmeister
Putzmeister is a German manufacturer of concrete pumps and other equipment for pumping, distributing and placing concrete, mortar and other high-density solids, and for preparing, temporarily storing, processing and transporting these materials. ...
, another German manufacturer and subsidiary of the Sany Group. Product-wise, XCMG's 3,600-tonne, 88,000 tonne-meter rated lattice boom crawler crane
Lattice may refer to:
Arts and design
* Latticework, an ornamental criss-crossed framework, an arrangement of crossing laths or other thin strips of material
* Lattice (music), an organized grid model of pitch ratios
* Lattice (pastry), an or ...
for power generation plants and petrochemical facilities began its production that year. By the end of the year, the world's largest all-terrain crane, QAY1600, made its grand debut, while the XGC88000 sets a new record for heaviest crawler crane lift with a successful lift of 4500 tonnes in overload tests.
In 2013, XCMG Europe GmbH, XCMG European Research Center in Düsseldorf, Germany as well as XCMG European Purchasing Center were established. The group independently developed the world's first 4000-tonne crawler crane. Meanwhile, XCMG Group Finance Co., Ltd. was established hence officially entered the financial service industry.
In 2014, XCMG won the highest award in China's industrial sector—China Industry Awards. That year, the group's first wholly-owned overseas subsidiary, the 200-million USD XCMG Brazil Manufacturing Base, was completed and put into production. It then received the Best Business Award from the municipality of Pouso Alegre, Brazil. XCMG American Research Center in Minnesota, USA was established. Meanwhile, Jiangsu XCMG Information Technology Co., Ltd. was established as the first subsidiary in XCMG Group to adopt a mixed-ownership system.
In 2015, XCMG Heavy Trucks Base and XCMG Environmental Xuzhou Base were completed and put into production respectively. The XCMG Xuzhou Sanitation Machinery Factory was established, as well as the introduction of the upgraded XCMG Xuzhou Heavy Truck Factory. That year, XCMG received the China Corporate Social Responsibility Achievement Awards and the Green China Environmental Achievement Awards.
In 2016, XCMG launched the XCMG DE400 modern dump truck model. With a capacity of no less than 400 tonnes (empty), it was the largest land vehicle in the world as well as the largest Chinese construction vehicle ever built and was considered a world record by many. That year, XCMG's export destination increased to 177 countries and regions.
In 2019, the XCA1600 all-terrain crane completed the world's highest 140-meter onshore wind power installation. Furthermore, with more than 100 items in development, XCMG had 2,156 registered and valid patents, including 164 patents for invention.
In 2021, XCMG and Vale signed a partnership for autonomous equipment. Vale's press office reported that it had signed a Memorandum of Understanding (MoU) with XCMG Construction Machinery Limited (XCMG Machinery). The objective was the potential supply of mining and infrastructure equipment, including zero-emission and autonomous equipment.
Products
XCMG’s key product lines cover 16 categories and 3 key components (hydraulic, transmission, and electronic control), including hoisting machinery, excavating machinery, concrete machinery, mining machinery, soil shovel and transportation machinery, road machinery, special vehicles, aerial work machinery, piling machinery, trenchless machinery, tunnel machinery, environmental protection machinery, fire safety machinery, energy drilling and mining machinery, port machinery and more. They have also built the XGC88000 crawler crane
The XGC88000 crawler crane is a class of extremely large ultraheavy crawler crane made by XCMG. With a lifting capacity of 3,600 to 4,000 tons, a total boom length of 144 meters and a total gross weight of 5,350 tons. The XGC88000 crawler crane ...
.
References
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Companies based in Jiangsu
Manufacturing companies established in 1989
Construction equipment manufacturers of China
Multinational companies headquartered in China
Chinese brands
Government-owned companies of China
1989 establishments in China
1989 in Xuzhou