XCMG setting up factory in India

XCMG is planning to establish a new factory in India, as revealed recently by the firm’s chairman Wang Min. He said that the XCMG Group intends to invest US$150 million into building a new factory in India. He recently visited all the Schwing factories in India to better understand the market and listen to reports made by top management about operations and future sales expansion. At the same time, he also made surveys of the Indian market, met with local dealers, convened meetings and made clear
May 14, 2018 Read time: 2 mins
XCMG is planning to set up a factory for construction machinery in India

2490 XCMG is planning to establish a new factory in India, as revealed recently by the firm’s chairman Wang Min. He said that the XCMG Group intends to invest US$150 million into building a new factory in India.

He recently visited all the Schwing factories in India to better understand the market and listen to reports made by top management about operations and future sales expansion. At the same time, he also made surveys of the Indian market, met with local dealers, convened meetings and made clear orientations and specific measures in the local market.

After listening to reports by the sales team of Schwing India, he said that the Indian market has great potential. Work for the first sections of XCMG’s new factory for construction machinery in India should be complete by the end of 2017. At the same time, XCMG will make full use of the existing sales system of Schwing India to expand the market and serve Indian clients.

Finance & Funding

For more information on companies in this article

Related Content

  • Rokbak, the new name for Terex Trucks
    September 2, 2021
    Volvo CE’s off-highway articulated hauler business Terex Trucks has rebranded as Rokbak.
    Read More
  • TRL and Experion develop Indian joint venture
    August 3, 2022
    TRL Software and Experion Technologies are establishing an Indian joint venture.
    Read More
  • State-of-the art road tunnels in construction and use of ITS
    April 25, 2013
    A wealth of major road tunnel construction projects and significant cant ITS installations within existing key road tunnels have been recently completed or will soon be underway. Guy Woodford examines some of them. A state-of-the art Tunnel Boring Machine (TBM) - the 10th largest ever to be built worldwide will be put to work later this year on New Zealand Transport Agency’s landmark Waterview Connection project in Auckland. The giant Herrenknecht-manufactured machine will be used to construct the twin 2.5
    Read More
  • Brazil looks to stage major road construction event
    February 21, 2013
    The upcoming Brazil Road Expo event is capitalising on the country’s strong growth in highway construction. Brazil’s construction machinery market foresees an average growth of 12.5% in 2013, according to a survey of equipment manufacturers and importers released at the end of 2012. The third edition of Brazil Road Expo, the main paving technology and road infrastructure event in the country, is being held from March 19th-21st at the Transamerica Expo Center, in São Paulo. The event will gather some of the
    Read More

Highlighted Content