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

  • Major gains in concrete plant technology
    June 28, 2013
    There is a great deal of innovation across the concrete plant, pump and truck mixer sector. Guy Woodford looks at what some of the sector’s biggest names are offering. CIFA managing director Davide Cipolla believes the Zoomlion-owned Italian firm has “not reached the limit” of what it can offer customers, thanks to a significant investment in research and development. Speaking about a US$2.57 million-a-year (€2million) R&D investment in CIFA and some Zoomlion products over the last five years Cipolla, who i
    Read More
  • LiuGong is investing in product development and manufacturing
    October 11, 2013
    LiuGong has been investing heavily in manufacturing and product development, as well as building international distribution – vice president David Beatenbough spoke with Mike Woof One of Chinese leading producers of wheeled loaders, LiuGong has an increasingly international flavour. The company has perhaps a larger contingent of North American and European executives and employees working in China than most of its competitors in the country.
    Read More
  • China banks on the Belt and Road Initiative
    October 8, 2019
    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.
    Read More
  • Beijing's BICES reflects China's economic growth
    February 27, 2012
    The busy BICES show reflects China’s booming infrastructure investment and growing economy – Mike Woof reports. The recent BICES trade show in capital Beijing was extremely busy, with high visitor attendance levels and crowded aisles. The interest in the event strongly reflects the country’s massive infrastructure growth, which continues to develop. The construction equipment business has been identified as a key economic priority by the Chinese Government, with manufacturers being offered numerous incentiv
    Read More

Highlighted Content