久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

XCMG eyes new model for momentum

By Wang Ying in Shanghai | China Daily | Updated: 2020-10-14 09:25
Share
Share - WeChat
XCMG employees work on an assembly line in Xuzhou, Jiangsu province, on Thursday. [Photo by Yang Bo/China News Service]

Chinese construction machinery manufacturer Xuzhou Construction Machinery Group is aiming to lead industrial chain development from the nation's "dual circulation" strategy, said its chairman.

Amid global uncertainties, including the COVID-19 pandemic, XCMG is keen on seizing new opportunities emerging from the new development pattern that allows domestic demand and external demand to complement one another.

"Although the overseas market is challenged amid the pandemic, the sizable market scale of the domestic market is bringing huge opportunities for Chinese construction machinery producers," said Wang Min, group chairman.

The global construction machinery sector has been on a downward trend since last July and some developed markets have seen a sales drop of more than 20 percent in the period between January and August. In contrast, XCMG recorded a historic growth of more than 30 percent year-on-year in sales revenue, according to Wang.

As the largest construction machinery market, China accounted for more than 60 percent of global sales of loaders and excavators, and 70 percent of cranes, according to public information.

Headquartered in Xuzhou, Jiangsu province, XCMG is a leading domestic machinery manufacturer, having the largest market share in cranes, road machinery, piling machinery and other equipment. Its sales of aerial work platforms soared 104.6 percent year-on-year in the first six months, said Lyu Juan, an analyst at CITIC Construction Securities.

Analysts noted the impact of COVID-19 has been merely temporary. As the contagion is being contained, a recovery in demand for construction machinery and equipment is expected, said Xu Hao, an industrial analyst at Minsheng Securities.

Along with the promising domestic market, the overseas market is equally important.

Considering the growing competitiveness of Chinese construction machinery manufacturers and their comparatively low market share in the global market, Lyu sees an acceleration of XCMG's overseas development in the future.

"The global market potential is so great that XCMG should not miss it," Wang said.

He added that less than 30 percent of XCMG's revenue is currently generated from overseas, and the group is looking to raise its overseas revenue to 50 percent in the coming five years.

In fact, regardless of the ongoing COVID-19 pandemic and global economic uncertainties, the multinational heavy machinery maker is sticking firmly to its internationalization strategy. So far, the construction machinery maker has established more than 10 overseas manufacturing bases, and has exported its products to 187 countries and regions worldwide.

Construction machinery holds a core position in the manufacturing sector and plays a vital role in the manufacturing industrial chain, wrote Li Liang, an analyst specializing in machinery research at China Galaxy Securities.

XCMG has recognized the significance of building a complete supply chain in improving the country's construction machinery industry's competitiveness.

In the past few years, XCMG's optimized industrial chain has attracted more than 2,000 enterprises and over 500 distributors, and created up to 40,000 jobs at its Xuzhou headquarters since January, Wang said.

As a result of its efforts, XCMG has already achieved its goal of raising its global ranking in the construction machinery manufacturing sector to among the top five this year, and it is on track to make the top three by 2025 as the group forges a world-class enterprise with great competitiveness.

The group has held the top position among China's construction machinery manufacturers for 31 consecutive years, according to a ranking released by KHL Group on the world's Top 50 construction machinery manufacturers in 2020, and its global ranking moved up two places to fourth from a year ago, only behind Caterpillar, Komatsu and John Deere.

"The world as a whole needs construction machinery and this will always be a sunrise industry," Wang said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 久久99精品免费视频 | 成人怡红院视频在线观看 | 一级毛片成人免费看a | 99精品欧美一区二区三区美图 | 天天夜夜久久 | 91精品一区二区三区在线观看 | 亚洲精品在线影院 | 成人午夜看片 | 国产亚洲精品午夜一区 | 久久综合久久美利坚合众国 | 91在线永久 | 99视频网站 | 成人免费观看www在线 | a级日韩乱理伦片在线观看 a级特黄毛片免费观看 | 99精品网站 | 午夜影院福利社 | 国产男女爽爽爽免费视频 | 日韩欧美亚洲中字幕在线播放 | 欧美性视频一区二区三区 | 九九九九热精品免费视频 | 亚洲第一成人在线 | 国产成人综合手机在线播放 | 国产孕妇孕交视频在线观看 | 国产成人精品日本亚洲语音2 | 成人夜色香网站在线观看 | 夜夜春夜夜夜夜猛噜噜噜噜噜 | 韩国一级黄色大片 | 无内丝袜透明在线播放 | 久久香蕉国产线看观看精品yw | 成人黄色免费 | 国产精品亚洲第五区在线 | 国产精品久久久一区二区三区 | 国产v日韩v欧美v精品专区 | 欧美精品成人3d在线 | 成人男女网18免费看 | 亚洲国产网址 | 成人一级片 | 男人天堂视频在线 | 亚洲va中文字幕欧美不卡 | 在线视频一区二区三区在线播放 | 国产aⅴ精品一区二区三区久久 |