XCMG’s ground-breaking event for new Brazil site

XCMG, the Chinese construction equipment manufacturer, has held a ground-breaking ceremony for its manufacturing base in Pouso Alegre, Minas Gerais, Brazil. Covering an area of 800,000m² and with the total investment of US$200 million, the production facility will boast a production capability of 7,000 construction machines each year, including cranes, excavators, loaders, road rollers and graders. The Brazil manufacturing base is XCMG’s first wholly-owned production base project in its internationalisation
February 18, 2013 Read time: 1 min
2490 XCMG, the Chinese construction equipment manufacturer, has held a ground-breaking ceremony for its manufacturing base in Pouso Alegre, Minas Gerais, Brazil.

Covering an area of 800,000m² and with the total investment of US$200 million, the production facility will boast a production capability of 7,000 construction machines each year, including cranes, excavators, loaders, road rollers and graders.

The Brazil manufacturing base is XCMG’s first wholly-owned production base project in its internationalisation programme.

Completion of the base is scheduled for later this year, and sales revenue is expected to reach $500 million in 2015.

According to Wang Min, chairman of XCMG Group, Brazil and the Americas are the priorities in its international expansion because it is the world’s sixth largest economy with enormous potential for development and huge opportunity for great construction projects, and XCMG has a marketing and service network which has been built for many years.

For more information on companies in this article

Related Content

  • Dressta’s new dozers part of ambitious growth vision
    May 13, 2015
    Earthmoving equipment manufacturer Dressta is launching the first of three new hydraulic crawler dozers later this year, and has ambitious growth plans funded by parent company LiuGong, the Chinese construction equipment manufacturing giant. Guy Woodford reports Dressta’s trio of new hydraulic crawler dozers represent exciting additions to the dozer market and are the first results of parent company LiuGong’s significant R&D investment in the Polish firm, which it bought in 2012. Being launched in Q
    Read More
  • Wacker Neuson Group sees revenue rise 12% for 2014
    March 16, 2015
    International light and compact equipment manufacturer Wacker Neuson Group achieved record results for 2014 across most key performance indicators, the company reports. The group met its increased profit and the revenue forecast, despite challenging market conditions. Group revenue increased 11% to a record €1.28 billion, up from €1.16 billion in 2013 and in line with the company’s forecast. “Adjusted by currency effects, this corresponds to a growth of 12%,” a company statement said. Business in Central Eu
    Read More
  • Continuing demand for construction machines
    February 21, 2012
    Corporate results from a series of equipment manufacturers for the early part of 2011 all seem to agree that demand for machines continues to improve.
    Read More
  • Mega city transport in Mexico
    June 13, 2012
    Rapid urban growth is resulting in massive mega cities with major transport needs and Mexico City is one of the world’s largest – Mike Woof reports Mexico City is a vast, sprawling metropolis and one of the world’s largest cities, resulting in huge problems for its inhabitants, particularly with regard to infrastructure. Measuring population size is an inexact science for large cities as suburban areas can add to the figures considerably, especially in developing nations where unplanned expansion is as comm
    Read More

Highlighted Content