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

  • XCMG sets out six stage path for future plans
    October 14, 2013
    XCMG has seen strong exports, with one deal in particular providing a major boost to turnover - Mike Woof writes It is rare that a single machine order can provide a substantial portion of a large manufacturer’s annual results. However the firm’s massive contract signed with the Venezuelan Government was a major boost to XCMG; the supply of no less than 6025 machines in a deal worth some US$750 million. This order came at an important time for the company when the world demand for construction equipment sl
    Read More
  • XCMG develops overseas presence
    April 29, 2015
    Chinese construction equipment manufacturer XCMG is in the process of developing its operations outside of its home market, in a bid to strengthen its international profile XCMG recently won a large export order of 80 machines to the Middle East, which will raise the profile of the brand in this market. The deal is significant for XCMG as it gives the company a stronger foothold and greater brand recognition in the Middle East, helping with its plans to develop exports. The machine order includes an a
    Read More
  • Boom in Asian infrastructure investment
    February 8, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • As one of China’s largest construction machinery manufacturers XCMG also has one of the broadest product ranges
    November 13, 2014
    XCMG is developing its presence in the road machinery sector – Mike Woof writes The road machinery division of XCMG is an increasingly important part of the firm’s overall operations and now produces an extensive range of machines to meet customer needs. Guo Chaohui is vice general manager of this segment and said, “Our aim is to become a world class leader of road machinery. We want to introduce the company on the international market and raise the firm’s profile.” XCMG already holds a strong position
    Read More

Highlighted Content