XCMG celebrate start of European R&D HQ build

XCMG has staged a foundation laying ceremony to mark the start of work on the Chinese construction machine manufacturing giant’s first European HQ. Based in Krefeld, Germany, XCMG Europe’s state-of-the-art €36million plus home is set to be completed and operational by July 2013. Meanwhile, the ambitious firm has completed a stockholding rights transfer which gives it a controlling 52% stake in renowned German concrete machinery firm Schwing.
July 11, 2012 Read time: 2 mins
2490 XCMG has staged a foundation laying ceremony to mark the start of work on the Chinese construction machine manufacturing giant’s new European HQ for hydraulic valve and system research and development.

Based in Krefeld, Germany, XCMG Europe’s state-of-the-art €36million plus site is set to be completed and operational by July 2013.

Meanwhile, the ambitious firm has completed a stockholding rights transfer which gives it a controlling 52% stake in renowned German concrete machinery firm 4991 Schwing.

XCMG has also staged another ceremony to mark the start of production at four new construction machine manufacturing sites in Xuzhou, China.

The new European R&D facility will see XCMG staff working closely with hydraulic valve and system experts from German company FT and AMCA Holland. Both firms were acquired by XCMG in 2011.

Speaking at the foundation laying ceremony in Krefeld Wang Min, president of XCMG, said: “The European strategy is of great significance in terms of the overall objectives and strategy of XCMG. Germany and Europe are home to abundant technological resources and represent state-of-the –art research and development and manufacturing. In the future XCMG will develop more projects in Europe, carrying out system integration and construction of leading technology projects to facilitate XCMG becoming a world-class enterprise.”

The four new Xuzhou manufacturing sites, which cost more than €154.5million (RMB 1.2bn) to develop, will produce all-terrain cranes, wheeled loaders, and concrete pumping and mixing machinery. XCMG say the plants are forecast to generate new production value of €5.15billion (RMB 40billion) a year.

XCMG says it is the leader of wheeled loader machine technology in China.

On the opening of the new Xuzhou facilities, Wang Min said: “XCMG’s four manufacturing bases are the fruits of XCMG’s accumulation of industrial knowledge and experience for several decades.”

For more information on companies in this article

Related Content

  • XGMA’s huge production
    January 6, 2017
    Founded in 1951, XGMA produces an extensive range of construction equipment at the largest single-manufacturer industrial park in China. XGMA, otherwise known as Xiagong, is based at Xiamen in southern China and its massive facility has an annual production capacity of 50,000 units. XGMA, like many of the larger Chinese manufacturers, says that its current export levels represent around 10% of its total production output, with these machines mainly being for the emerging markets. But spurred on by the recen
    Read More
  • XGMA’s huge production
    November 26, 2012
    Founded in 1951, XGMA produces an extensive range of construction equipment at the largest single-manufacturer industrial park in China. XGMA, otherwise known as Xiagong, is based at Xiamen in southern China and its massive facility has an annual production capacity of 50,000 units. XGMA, like many of the larger Chinese manufacturers, says that its current export levels represent around 10% of its total production output, with these machines mainly being for the emerging markets. But spurred on by the recen
    Read More
  • LiuGong opens factory in Mogi Guaçu, Brazil
    April 9, 2015
    LiuGong Machinery, a major Chinese maker of heavy construction equipment, said it will invest around US$38 million in manufacturing in Brazil. The announcement was made during the opening ceremony of its first factory in Brazil, in the city of Mogi Guaçu, around 180km from São Paulo. LiuGong expects to produce 1,500 wheel loaders and excavators annually at the facility in the first three years of operation.
    Read More
  • MAD about Vitronic in Germany
    April 30, 2025
    Vitronic has supplied two of its latest sensor columns to the project MAD Urban (Managed Automated Driving for Urban Mobility and Logistics) being set up in Braunschweig (Brunswick).
    Read More

Highlighted Content