XCMG claims it is well positioned to capitalise on demand from the crane sector. The global crane industry experienced rapid growth before 2005, and a market rebound between 2005 and 2010. Meanwhile, construction projects have encouraged innovation in large-scale hoisting technology, and companies have responded with higher speeds, new crane categories and improved tonnage. From 2010-2012, the demand for cranes reduced due to the tight macro-economic environment both at home and abroad, but the supply capac
Changsha, the capital of Hunan province, is capitalising on its well-established equipment and componentry manufacturing base as China’s global Belt and Road Initiative gathers momentum.
