Chinese construction machine manufacturers bullish as market recovers

Chinese manufacturers are increasing sales of construction machines both in their home market and also for export. This is the claim from Wang Guiqing, vice president of China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME). Wang said that demand for machines in China has increased as market conditions have improved, while the impact of the Belt and Road strategy for developing infrastructure is a massive benefit for export sales. As many projects are now commencing
April 23, 2018 Read time: 3 mins
Chinese construction equipment firms are increasing their global sales

Chinese manufacturers are increasing sales of construction machines both in their home market and also for export. This is the claim from Wang Guiqing, vice president of China Chamber of Commerce for Import and Export of Machinery and Electronic Products (8758 CCCME). Wang said that demand for machines in China has increased as market conditions have improved, while the impact of the Belt and Road strategy for developing infrastructure is a massive benefit for export sales. As many projects are now commencing, he said: “Chinese manufacturers are ready to supply machines built to a high quality and that are technologically advanced.”

This important rise in profile for Chinese construction machinery firms has come through steady investment in technology. Qi Jun, president of Chinese Construction Machinery Association (CCMA), said: “Over the last ten years we have had particularly fast development.” He said that a focus on research and development has been crucial, with overseas sales now accounting for over 25% of turnover for Chinese firms, with the Belt and Road programme being of particular significance.

Gao Yuanyuan is minister counsellor at the Chinese Embassy in France and commented: “It is very clear that the global market has recovered from the global slowdown.” She added that some markets show particular growth and said: “Europe will provide good opportunities for Chinese companies.”

Yang Dongsheng, general manager for XCMG, explained: “We have been spurred by the rebound in the European market.” He said that the firm’s sales in China are now very healthy indeed as the home market has recovered well, and this has boosted the firm’s global profile: “We’re now the sixth company in the world for construction equipment.”

David Cipolla, CEO of Zoomlion CIFA, explained that in the 10 years since Italian concrete pumping specialist CIFA was bought by Zoomlion, it has been able to expand production, as well as invest in technology. This has allowed the firm to introduce the only lightweight concrete pump booms on the market made from lightweight carbon fibre for example, as well as sophisticated hybrid technology for its concrete mixers.

Howard Dale, chairman of LiuGong Europe, said: “With the acquisition of Dressta in 2012, we became one of the first Chinese companies to invest in Europe.” LiuGong has continued to invest in its Polish plant, boosting production as well as developing a new research and technology centre.

Finance & Funding

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
  • Chinese firms embrace CONNEXPO-CON/AGG 2017
    March 21, 2017
    Chinese construction manufacturers were out in full force at the recent CONEXPO/CON-AGG 2017 in Las Vegas. Nearly 130 original equipment manufacturers and their supply Chinese supply chain component makers were represented – the most at any previous CONEXPO/CONAGG event. OEMs included XCMG, Sany, Zoomlion, Shantui, Sunward, LiuGong and SDLG. Nick Yaksich, senior vice-president of AEM – the US’s Association of Equipment Manufacturers and which organised the event - said the large Chinese contingent
    Read More
  • China’s rising construction equipment sector in focus at CONEXPO
    February 13, 2017
    In recent years, China construction machinery industry has made great achievements, a fact that will be featured at this year's CONEXPO-CON/AGG. China’s Chamber of Commerce for Import and Export of Machinery and Electronic Products and the China Construction Machinery Association will introduce China construction machinery industry at its booth, G2116A. Chinese construction equipment makers are the world’s largest producers of mobile cranes, wheeled loaders, excavators and now also concrete pumps than
    Read More
  • Zoomlion’s advanced lifting and concrete pumping technology
    October 14, 2013
    Zoomlion is a world leader in concrete pumping and lifting technology, with an array of highly sophisticated solutions – Mike Woof reports. Compared with other global manufacturers of construction machines, Zoomlion is a comparatively new entrant to the market as the firm is just over 20 years old. However, Zoomlion is now recognised as a world leader in the lifting and concrete pumping markets, developing innovative machines that push the boundaries of technology. The company has grown both organically and
    Read More

Highlighted Content