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

  • Deutz sees Asian market as key to company success
    August 13, 2012
    Deutz is set to increase its presence in Asia in a bid to achieve greater overall company growth despite the ongoing tough global economic climate. The German diesel engine manufacturer says its plans to create a joint venture in China with Volvo are “making headway”. The firm also says its recently established joint venture with Shandong Changlin Machinery Group in Linyi, in the eastern Chinese province of Shandong, is “rapidly gaining momentum”.
    Read More
  • Southeast Asia’s cutting-edge asphalt production
    April 1, 2014
    An eye-catching state-of-the-art asphalt plant is making a big impact in South East Asia, while other new and proven asphalt plant technology remains in demand in Europe and other continents. Guy Woodford reports Marini China has ventured out of its traditional Chinese market to deliver to a Singaporean customer what is claimed to be Asia’s largest asphalt plant. An impressive 45m tall and capable of producing 360tonnes/hour, the plant model was in response to Ley Choon Group’s request for a new plant ahead
    Read More
  • Upgrades to existing plants with retrofits
    June 24, 2021
    Existing mix plants can be upgraded significantly by retrofitting, as has been seen by a plant upgrade for a client in Mintraching, close to Regensburg in Bavaria
    Read More
  • Granite pilots Volvo’s Compact Assist to new heights in Sacramento
    November 9, 2017
    While not required for its Sacramento Airport contract, Granite Construction* is getting to grips with IC specifications thanks to Volvo CE’s Compact Assist. In the US, 23 states have written intelligent compaction (IC) specifications for asphalt paving jobs and more states are expected to follow. Among those states with IC specs is California.
    Read More

Highlighted Content