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

  • LiuGong closes Dressta deal
    March 21, 2012
    Chinese manufacturer LiuGong Machinery has finalised its agreement to acquire Polish firm HSW (Huta Stalowa Wola) and its distribution subsidiary, Dressta. The agreement was signed by executives from both companies in Warsaw.
    Read More
  • ERF Position Paper calls for more road markings to boost road safety
    December 13, 2013
    The European Union Road Federation (ERF) has today launched a Position Paper that makes the case for a more widespread use of road markings on Europe’s roads as a means of increasing road safety and reducing the socio-economic impact of accidents. Entitled ‘Marking the way towards a safer future’, the ERF is calling on EU Member States to establish intervention and maintenance policies to guarantee that road markings on Europe’s road remain visible for road users and, at same time, optimise the interaction
    Read More
  • CNH new CEO Mario Gasparri says firm keen to continue its growth curve
    January 6, 2017
    New CNH Construction president Mario Gasparri says the firm is keen to build on its “strong, sustainable growth opportunities in every major region”. Speaking to the Daily News Gasparri, a Fiat veteran who took on his prestigious new role last month, said, “In 2011, we saw the highest growth in North America, where demand increased by 38%. The European, African, Middle Eastern and CIS markets were not far behind with a 35% increase. In Latin America, the strong demand from projects in the private and public
    Read More
  • CNH new CEO Mario Gasparri says firm keen to continue its growth curve
    April 17, 2012
    New CNH Construction president Mario Gasparri says the firm is keen to build on its “strong, sustainable growth opportunities in every major region”. Speaking to the Daily News Gasparri, a Fiat veteran who took on his prestigious new role last month, said, “In 2011, we saw the highest growth in North America, where demand increased by 38%. The European, African, Middle Eastern and CIS markets were not far behind with a 35% increase. In Latin America, the strong demand from projects in the private and public
    Read More

Highlighted Content