XCMG is increasing its presence in the North American market, emphasised by the fact that the machines on its stand at Conexpo 2014 are already sold. Yansong Wang is vice president and chairman for XCMG and said, “All the machines have been ordered by customers.”
A new joint venture factory in South Korea has now been completed for the Hyundai Cummins partnership. The 78,045m2 Hyundai Engine Company (HCEC) plant is located in Daegu and will produce engines for construction machines. The two firms agreed a deal to establish the joint venture plant, capable of producing 50,000 engines/year, back in December 2012. This operation has a sales target of US$500 million by 2020, and is expected to create about 3,700 direct and indirect jobs in the region by 2020.
German engine manufacturer Deutz has agreed a key supply deal with Chinese construction machinery manufacturer SANY. The agreement will see SANY fitting its wheeled loaders with the TCD 7.8 diesel engine from Deutz. These engines feature diesel particulate filters and are Stage V ready. Deutz has been supplying diesels to SANY Heavy Machinery for use in other machines for some time. However this latest agreement strengthens the supply deals between the two companies. These engines meet the Tier 4 Final/Stag
