Strong sales increase for XCMG

By Andy Brown01 October 2021

China-based OEM XCMG has announced that, for the first half of 2021, the company had revenues of CNY53.234 billion (US$8.24 billion), a year-on-year increase. 

XCMG also revealed that revenues outside of its domestic market of China accounted for CNY4.854 billion (US$751.29 million), year-on-year growth of 68%.

This growth in both domestic and overseas markets is despite a general decline in sales in China and sharp increases in raw material costs worldwide.

The OEM is one of the largest in the construction industry by sales, ranking highly in the most recent Yellow Table, International Construction’s ranking of the world’s top 50 OEMs.

According to the company, in the first half of the year sales of eight main equipment products increased by 32% year-on-year. 

In its news release, XCMG reiterated that the company was looking to boost its global footprint, saying that, in the first half of the year, it had accelerated building overseas market channels, service outlets and spare parts guarantee system, as well as signing 25 new overseas distributors.

The OEM added that it is promoting digital transformation based on the new ‘Intelligent Manufacturing 4.0’ model, strengthening the layout and construction of the new generation of information technologies including, AI, 5G, industrial internet and digital twins, as well as accelerating intelligent manufacturing.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Five excavator technologies to improve projects
While technology has been enhancing excavator performance for more than a decade, end-user demand for certain features has accelerated in the past few years. ConExpo-Con/Agg talks to manufacturers about the innovations that provide typical construction companies with value for money
Test drive: Hyundai HL980A
Dan Gilkes takes a first drive of Hyundai Construction Equipment’s HL980A and gives Construction Europe an exclusive overview of his experience
Interview: Doosan Bobcat’s Gustavo Otero
Construction Europe’s Cat Jones meets the Doosan Bobcat president to discuss everything from new innovations to a new beginning for hundreds of Ukrainians
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA