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

  • CTT 2012/CONEXPO Russia visitors up 20%
    June 13, 2012
    A 20% rise in visitors and a 15% increase in exhibitors at this year’s CTT 2012/CONEXPO Russia, compared to 2011 show levels, illustrated the attraction of big infrastructure project spending Russia to the world’s largest construction equipment companies. Major global brands such as JCB, John Deere, Volvo Construction Equipment (CE), Komatsu, Liebherr, and Wirtgen were among the 911 construction equipment companies from 28 different countries present for the five-day event covering more than 124,000m² at th
    Read More
  • SANY Mining is expanding its rigid truck presence
    October 14, 2013
    SANY Mining is gearing up to expand sales of its rigid haul truck range, as well as developing new models - Mike Woof writes. The global rigid dump truck market is at present dominated by a small number of manufacturers, but SANY Mining intends to challenge its main rivals internationally, having developed its presence in its home market. SANY Mining is continuing to expand its SRT range of off-highway dump trucks, as well as boosting its sales of these machines in China and for export.
    Read More
  • Rapid adoption of GPS machine control
    February 10, 2012
    The high sophistication of GPS machine control systems has resulted in a fast pace of technological advancement. The three major players in the machine control sector, Leica Geosystems, Topcon and Trimble have all made major gains in recent years. The sophistication of the latest systems can combine satellite position data from the GPS and GLONASS networks with information from total stations to provide precise, high speed machine operation. Further more the firms have also prepared themselves for the intro
    Read More
  • Zoomlion growing worldwide, particularly in lifting and concrete machine operations
    January 6, 2017
    Zoomlion is confident of future growth in its share of the world market for construction machines - Mike Woof writes
    Read More

Highlighted Content