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

  • LiuGong scoops key Global Brand award
    July 6, 2012
    LiuGong Machinery Corporation was given China’s Best Brand Award for Acquisition Efficiency at the 2012 Global Brand Summit. The construction machine manufacturing giant is said to have achieved outstanding results in brand building through implementing a modern and unified brand strategy. After 2008, LiuGong began cooperating with international branding and public relations companies, which is said to have greatly enhanced its brand image. The professional and effective brand promotion is said by LiuGong
    Read More
  • LiuGong targets stronger European market presence
    April 11, 2016
    LiuGong is hungry to increase its European market share – and is forecasting 500 unit sales in the continent in 2016. The Chinese construction equipment manufacturing giant is this week showcasing a number of Tier 4 Final/Stage IV compliant models for European customers - including the popular 856H wheeled loader and 925E and 933E excavators. Zeng Guang’an, chairman of LiuGong Group, said that Europe was one of the company’s biggest markets – with the UK alone tipped by the firm to reach over 250 unit sale
    Read More
  • CIFA’s new R&D focus has raised its profile
    January 6, 2017
    The acquisition of Italian concrete pump and mixer firm CIFA by Zoomlion in 2008 has helped raise the profile of this business significantly, transforming the company. The buyout of the company gave CIFA access to funds for research and development, which its Chinese owner has been keen to invest in. And the fruits of this investment are certainly being seen, both by CIFA and Zoomlion.
    Read More
  • CIFA’s new R&D focus has raised its profile
    April 21, 2015
    The acquisition of Italian concrete pump and mixer firm CIFA by Zoomlion in 2008 has helped raise the profile of this business significantly, transforming the company. The buyout of the company gave CIFA access to funds for research and development, which its Chinese owner has been keen to invest in. And the fruits of this investment are certainly being seen, both by CIFA and Zoomlion.
    Read More

Highlighted Content