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Xuzhou Construction Machinery Group Co., Ltd

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Xuzhou Construction Machinery Group Co., Ltd - Manufacturing & Construction showcase

Year Founded & Workforce

1989

15,483 Employees

Industry

Manufacturing & Construction

Services

Heavy Construction Equipment
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Xuzhou Construction Machinery Group Co., Ltd Overview

Company Headquarters: Jiangsu, China

Founded: 1989

Workforce: ~ 15,483

Company Working: Xuzhou Construction Machinery Group Co., Ltd. (XCMG) is a manufacturer and distributor of construction equipment. The company's portfolio of products includes surface excavation bogie, bridge construction equipment, dredger, drill jambo, truck crane, rough-terrain crane, all-terrain crane, crawler crane, tower crane, truck-mounted crane, concrete machinery, loaders, excavators and piling machinery. Its road machinery comprises of road roller, grader, paver, asphalt distributor, asphalt mixing plant, milling machine and asphalt pavement maintenance vehicle. The company provides product consultation, after-sales, offers spare parts, financial services and repair services. It has services outlets in various countries across the Americas, Europe, Asia-Pacific and the Middle East. XCMG is headquartered in Xuzhou, Jiangsu, China.

Strategy

Xuzhou Construction Machinery Group Co., Ltd. is investing in R&D to offer new and advanced heavy construction equipment and collaborate with major companies in the market. It is also looking to increase its reseller partners so as to expand its geographic reach and increase its share in the global market.

Company Snapshot

$8,946M

Revenue

15,483

Employees

1989

Founded

Jiangsu, China

Headquarters

SWOT Analysis

Strengths

  • Extensive industry experience
  • Highly successful at go-to-market strategy
  • Wide global customer base
  • Extensive distribution network

Weaknesses

  • Dependence on the domestic market
  • Dependency on few licensed suppliers

Opportunities

  • Mergers with and acquisitions of key players in the global market

Threats

  • Slow certification process
  • Fluctuating currency exchange rates

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Key Developments

DateApproachDevelopment
January 2022PartnershipXuzhou Construction Machinery Group Co., Ltd. (XCMG) partnerships with CanLift Equipment Ltd., and gives exclusive rights to sales in Ontario for all XCMG earthmoving equipment.

Product Offering

  • Xuzhou Construction Machinery Group Co., Ltd
    • Heavy Construction Equipment

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 8,946 Mn in 2019 to USD 13,074 Mn in 2021.
Xuzhou Construction Machinery Group Co., Ltd — By Business Segment
Series (USD Mn)201920202021
Sales8,94610,72013,074

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