On May 18, KHL Group released its Yellow Table 2020. The top 50 companies listed in the Yellow Table 2020 represent a total revenue of over US$200-billion in 2019. The total sales of China-based companies on the list reached nearly USD36-billion, accounting for 17,7% of total revenue from 50 brands.
With a revenue of USD 11,162-billion, XCMG has moved up to 4th place in the ranking of the world’s top 50 construction equipment manufacturers, once again leading the Chinese manufacturing companies on the list.
The Belt and Road Initiative has built an important platform for the globalisation of Chinese construction machinery enterprises. The Chinese construction machinery enterprises represented by XCMG have been put to the test, continuously enhancing their global competitiveness and strengthening their influence in product and technology research and development.
Recently, the internationalisation process of XCMG has once again obtained a new breakthrough. XCMG has currently set up four overseas R&D centres, 15 manufacturing bases, KD factories or joint ventures and has over 300 dealers. XCMG products make up the largest export market share in 30 countries along the “One Belt and One Road” route.
XCMG products have also achieved brilliant results in international construction projects. They have participated in a series of major projects all over the world including the construction of the FIFA World Cup Qatar 2022 stadium, the 480-km Mombasa Nairobi Railway and Africa’s largest Dangote refinery project.
XCMG’s 700 t hydraulic excavator operating at a Mogolia mine.
In recent years, the Chinese construction machinery industry has developed by leaps and bounds. From scale expansion to quality enhancement, XCMG has seized each of its opportunities, investing full efforts into high-end product innovation and market internationalisation.
XCMG continuously strengthens its management transformation, breaks through high-end technology, and takes root in the global layout, portraying the charm and elegance of products “made in China” through contributing to the world a series of top-notch products.
XCMG’s 4000 t crawler crane operating in Saudi Aramco.
2020 is the first year of the company’s “Three-Year Strategy towards the Top of Mount Everest”. XCMG has been actively catching up with the global benchmark enterprises and products in the high-end equipment development field, and continues to take the leading position in the domestic industry. XCMG now holds nearly 1 000 core technologies, 32% of which are breakthrough technologies.
A world-class company has to compete on top battlefields. As Wang Min, chairman of XCMG once said, only by transforming “manufacturing” to “smart manufacturing” and realising “advanced and endurable” technology, can the name of XCMG shine brighter in the world.