XCMG Construction Machinery Co., Ltd. engages in the manufacture and sale of construction machinery.
Business Segments
The company’s business segments include:
Core Engineering Machinery Segment: The company’s core business is the manufacturing of engineering machinery, including earthmoving machinery, hoisting machinery, road machinery, concrete machinery, piling machinery, and mining machinery. The company’s main subsidiaries in this segment include Xuzhou Heavy Machinery Co., Ltd., Xuzhou...
XCMG Construction Machinery Co., Ltd. engages in the manufacture and sale of construction machinery.
Business Segments
The company’s business segments include:
Core Engineering Machinery Segment: The company’s core business is the manufacturing of engineering machinery, including earthmoving machinery, hoisting machinery, road machinery, concrete machinery, piling machinery, and mining machinery. The company’s main subsidiaries in this segment include Xuzhou Heavy Machinery Co., Ltd., Xuzhou Construction Machinery Group Import & Export Co., Ltd., and Xuzhou XCMG Excavator Machinery Co., Ltd. The company’s products in this segment are widely used in infrastructure construction, mining, energy, transportation, and other fields.
Precision Components Segment: The company has established a comprehensive core components industry layout, covering hydraulics, transmissions, electronic controls, crawler undercarriages, precision casting, and slewing bearings.
Financial Services Segment: The company provides financial services, including financing leasing, supply chain finance, and other related services, to support its main business and enhance customer satisfaction. The company’s financial services segment is supported by its subsidiary XCMG Group Finance Co., Ltd., which provides financial investment and other related services.
Business Strategy
The company’s business strategy is centered on becoming a global provider of engineering construction and sustainable development solutions. The company’s primary focus is on the intelligent transformation, digitalization, and networking project, with technology and management innovation and internationalization as its two main strategies.
The company is committed to promoting new quality productivity to drive intrinsic high-quality development and accelerate the construction of a world-class enterprise. The company is implementing a two-step strategy, with core technology, supply chain systems, and production resources as its strategic core. The company is pursuing a concentric diversification strategy, upgrading and renewing traditional sectors, such as earthmoving and hoisting machinery, promoting the spillover of advantageous industrial technologies, and continuously extending industrial boundaries through technological innovation and product development.
The company is also committed to building a world-class industrial system, with a focus on core technology, supply chain systems, and production resources. The company is developing a 5+1 modern industrial system with more complete industrial chains and a more solid industrial foundation. The company is building a high-quality operation model empowered by digital intelligence, with a group-level R&D system, integrated product R&D system, and a unified global digital R&D platform. The company is promoting lean manufacturing, deepening procurement transformation, and building a global digital supply chain management capability. The company is also enhancing its global digital marketing service capability and financial process digitalization.
The company is committed to technological innovation, building a globally influential industrial technology innovation highland, and deepening innovation system reform. The company is also focused on global expansion, with a comprehensive global layout and strong global expansion capabilities.
Products and Services
The company’s products and services cover a wide range of engineering machinery and related fields. The company’s main products include:
Earthmoving Machinery: Excavators, loaders, bulldozers, and other equipment used in earthmoving and construction projects.
Hoisting Machinery: All-terrain cranes, truck cranes, crawler cranes, tower cranes, and other lifting equipment used in construction, energy, and transportation projects.
Road Machinery: Rollers, pavers, graders, and other equipment used in road construction and maintenance.
Concrete Machinery: Concrete pumps, mixers, batching plants, and other equipment used in concrete production and construction.
Piling Machinery: Rotary drilling rigs, diaphragm wall grabs, and other equipment used in foundation construction.
Mining Machinery: Mining excavators, mining trucks, and other equipment used in mining operations.
Precision Components: Hydraulic systems, transmissions, electronic controls, crawler undercarriages, precision castings, and slewing bearings.
Firefighting and Safety Equipment: Aerial platform fire trucks, rescue equipment, and other safety-related products.
Environmental and Sanitation Equipment: Equipment for environmental protection, sanitation, and waste management.
Financial Services: Financing leasing, supply chain finance, and other related financial services.
Aftermarket Services: Maintenance, repair, spare parts, and other value-added services for existing equipment.
Digital and Intelligent Solutions: Digital platforms, intelligent manufacturing solutions, and other technology-driven services.
Geographical Markets Served
In 2024, the company established new trading subsidiaries in Japan and Malaysia.
Customers
The company’s customers are categorized as global clients in infrastructure construction, mining, energy, transportation, environmental protection, and other fields.
Patents
As of the end of 2024, the company held 11,981 valid authorized patents, including 4,252 invention patents and 329 international patents.
Sales and Marketing
The company is also promoting digital marketing and service capabilities, building a global vehicle networking application platform and architecture, and focusing on the construction of eight major marketing capabilities to create a global digital marketing service capability.
History
XCMG Construction Machinery Co., Ltd. was founded in 1943. The company was incorporated in 1993.