Monday, July 15, 2024
News
NEWS HOME
»
PRN INDIA
XCMG Machinery Consolidates Top Three Ranking on KHL Group's Yellow Table, Leads Chinese OEM Market
  SocialTwist Tell-a-Friend  
   

XUZHOU,China, June 6, 2023 /PRNewswire/ --  XCMG Machinery ("XCMG", SHE:000425) has ranked No. 3 among the world's original equipment manufacturers (OEMs) in the latest Yellow Table published by International Construction Magazine, a subsidiary of global construction media company KHL Group. XCMG has maintained the top three rankings for three consecutive years.  

XCMG Machinery Consolidates Top Three Ranking on KHL Group’s Yellow Table, Leads Chinese OEM Market.

The Yellow Table ranks the world's top 50 OEMs by sales revenues in 2022. Despite the influences from the economic cycle as well as the construction machinery industry's close relation to the overall demands and fixed investments, XCMG reported a total revenue of 93.817 billion yuan (USD 13.20 billion), 27.838 billion yuan (USD 3.92 billion) of which were from overseas revenues, a 50.5 percent growth year-on-year and accounting for 30 percent of XCMG's total revenue, while its export income totaled 21.63 billion yuan (USD 3.04 billion), marking a 70.5 percent increase year-on-year.

Leveraging high-performance products and strong brand influence, multiple of XCMG's business units, including excavation, hoisting, earthmoving, and road machinery, have been growing exponentially with increased market shares and top rankings globally.  

In 2022, XCMG has delivered large batches of products to high-end markets in Europe and North America, as well as countries along the "Belt and Road" Initiative. It has exported the 800-ton all-terrain crane to Singapore, 2,000-ton wind turbine crane to Bosnia and Herzegovina, setting a series of export records.  

XCMG has achieved sales and successful delivery of the entire crane product portfolio in Europe, which makes it the only company to export complete sets of hoisting machinery in batches to the European market. XCMG's excavator equipment have received rave reviews in the U.S., while its new energy electric products were praised by the New Zealand Prime Minister and Minister of Transport. The GR5505 mining graders, which XCMG has developed in partnership with Rio Tinto, have been shipped off to work in mines in Australia.  

Meanwhile XCMG has continually achieved breakthroughs in the R&D and manufacturing of green and new energy equipment products, further advancing the sustainable strategy for green, low-carbon, and intelligent new infrastructure.  

"I think more and more people are realizing that electric vehicles can be a very important approach to decarbonization, and in the next five years there will be more and more new energy products, probably reaching the scale of 30 percent," said  Liu Jiansen, vice president of XCMG.  

Photo -  https://mma.prnewswire.com/media/2094125/1.jpg

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/xcmg-machinery-consolidates-top-three-ranking-on-khl-groups-yellow-table-leads-chinese-oem-market-301843533.html

More News by PR Newswire India

/DISREGARD RELEASE: Bybit/

Kushal's Fashion Jewellery Festive Collection, adorned by Tara Sutaria, beautifully combines glamour and elegance

Unilumin Group Signed an Agreement with Saudi Arabia in the Third Belt and Road Forum for International Cooperation

Transport Corporation of India Ltd. (TCI Group) has been recognized as a Maritime Excellence Achiever at GMIS 2023 by The Ministry of Ports, Shipping & Waterways on 19th October 2023

Bitget Introduces 'Futures Quant' With AI Features

Bitget's Q3 Growth: Second-Highest Market Share Surge and Record High for BGB Holders

HarperCollins Publishers India is proud to announce the publication of SPREADING JOY: How Joyalukkas Became the World's Favourite Jeweller by Joy Alukkas with Thomas Scaria and Nidhi Jain

Go Global or Go Home: New Report Reveals Companies Lacking Global Presence Will Lose Growth Opportunities

MOVIN rolls out the second phase of Electric Vehicles in Bengaluru paving the way for greener deliveries in logistics

Motilal Oswal Financial Services Ltd. (MOFSL) launches #CorporateMushaira, an audio-first campaign for the World Investor Week

UBBF 2023 Intelligent IP Network Summit in Dubai an Impressive Success

Placing Them Right: IBS Path to MBA Career Success

HDFC ERGO reiterates its commitment on making health insurance Accessible, Affordable and Convenient with launch of 6 new products and 2 service upgrades

capSpire expands its global footprint with entry into the Singapore market

GTPL Hathway records its highest quarterly revenues from operation

CCTV+: International reporters experience the romance and vitality of Hangzhou, China

STL expands its Enterprise Networking solution portfolio with Estelan

Mantittude: Skincare for Men encourages men to unleash their inner 'Pataka' this Diwali

The 134th Canton Fair Opened with Optimized Structure and Upgraded Scale

MADAME TUSSAUDS SINGAPORE UNVEILS LIFELIKE FIGURE OF CRICKET ICON VIRAT KOHLI AMIDST ICC MEN'S CRICKET WORLD CUP!

Ugreen unveils power solutions and personal data storage at the Gitex Trade Show in United Arab Emirates.

Meridean Overseas Education Consultants Announces Half-Day Leave to Celebrate India vs. Pakistan Cricket Match

Xinhua Silk Road: Huai'an, UNESCO creative city of gastronomy, explores innovative dev. of food industry via premier regional food expo

Xinhua Silk Road: Fengxin County in E. China's Jiangxi celebrates bountiful harvest of kiwifruit

Casio to Release G-SHOCK Watches with Shining Metallic-Colored Dials

UEG Week 2023 : Babies with a low birthweight four times more likely to develop fatty liver disease in later life

CGTN: Diffusion of tea and its culture along the Silk Road

NEOM announces Leyja, its latest sustainable tourism destination

Expand North Star 2023 kicks off in Dubai gathering game-changing start-ups to accelerate on global stage

World Health Summit kicks off in Berlin

Hexaware Technologies announces new office in Dehradun to bolster its global delivery network

Chinese automotive industry has overtaken to supercars

Participants of the Made in Russia business mission to India held more than 150 negotiations with local importers and distributors

Rummy Passion Raises the Bar: Instant Withdrawals Now Available for All Tiers

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
PM Modi pays tributes to K Kamaraj on hi...
SC assures to take a call on listing mon...
DMK leader TKS Elangovan calls Cauvery d...
Chief Secy Radha Raturi attends 9th Gove...
SC to hear PIL seeking to fill vacant De...
'Will review reasons behind it': JDU Spo...
More...    
 
 Top Stories
Akshay Kumar tests negative for COV... 
Disha Salian death case: BJP MLA Ni... 
"AI will play important role in liv... 
"Demand for reservation of Maratha ... 
Assam CM distributes 41 appointment... 
"Can't wait to dance when you becom... 
Karnataka to remain driving force b... 
Home Minister Amit Shah to chair 7t...